25 August 2006
Day trading of Mini Dow, E-mini S & P 500, E-mini Nasdaq 100 and SGX Nikkei 225 (21/22/23 Aug 06)
Continuing trading using 5 minutes charts coupled with m20 40 60 and chart patterns with tight stops (sell stops and buy stops) with small profits and losses. Feel that opportunities present themselves from time to time every day. But the problem for me is that time is not enough. Regular trading hours for US futures start from 9:30pm Sin time, usually real market actions happen after this starting point that means I have only 2.5 hours up to 11:59pm Sin time for playing, in and out. But I can stretch to 11:59pm Sin time only and then must go to sleep for office work next day. But I find next day that many good chart setups appear after 11:59pm during my sleeping.
Stopped trading SGX Nikkei 225 future for now since it is not convenient to proceed in the daytime during office work, and I have to focus on SGX stocks trading which are still generating bulk of profits for me.
Comment: Can survive in the index futures market but not easy to make a decent profit for the time being and it is very time-consuming comparing with trading SGX stocks which are analyzed on daily basis instead of on minute basis for futures. Another problem is that my total trading capital allocated into this futures trading account has not been utilized efficiently, meaning, can not trade to a future contract size large enough to use up all the trading capital like trading stocks due to potential tremendous risks if the future contract size is large. This is not possible until I become very confident in trading futures contact in the future.
Idea: Do not give up futures trading so easily. Continue to trade in small quantities to further develop trading skills, increase quantities of contracts gradually when skills become mature and reliable, and in the meantime consider trading Dow 30 component companies for now using similar technical charts and patterns in order to maximise capital return of the trading capital put into this account.
Continuing trading using 5 minutes charts coupled with m20 40 60 and chart patterns with tight stops (sell stops and buy stops) with small profits and losses. Feel that opportunities present themselves from time to time every day. But the problem for me is that time is not enough. Regular trading hours for US futures start from 9:30pm Sin time, usually real market actions happen after this starting point that means I have only 2.5 hours up to 11:59pm Sin time for playing, in and out. But I can stretch to 11:59pm Sin time only and then must go to sleep for office work next day. But I find next day that many good chart setups appear after 11:59pm during my sleeping.
Stopped trading SGX Nikkei 225 future for now since it is not convenient to proceed in the daytime during office work, and I have to focus on SGX stocks trading which are still generating bulk of profits for me.
Comment: Can survive in the index futures market but not easy to make a decent profit for the time being and it is very time-consuming comparing with trading SGX stocks which are analyzed on daily basis instead of on minute basis for futures. Another problem is that my total trading capital allocated into this futures trading account has not been utilized efficiently, meaning, can not trade to a future contract size large enough to use up all the trading capital like trading stocks due to potential tremendous risks if the future contract size is large. This is not possible until I become very confident in trading futures contact in the future.
Idea: Do not give up futures trading so easily. Continue to trade in small quantities to further develop trading skills, increase quantities of contracts gradually when skills become mature and reliable, and in the meantime consider trading Dow 30 component companies for now using similar technical charts and patterns in order to maximise capital return of the trading capital put into this account.
Labels: Futures Trading
19 August 2006
Day trading of Mini Dow, E-mini Nasdaq 100, E-mini SP500, SGX Nikkei 225 (18 Aug 06)
Symbol Date/Time Curr Exch Quan Price Avg. Cost Amount Comm Tax
ESU6 2006-08-18, 09:15:06 USD GLOBEX 1 1,302.0000 1,299.6250 -0.00 -2.40 0.00
ESU6 2006-08-18, 10:18:04 USD GLOBEX -1 1,297.2500 1,299.6250 -0.00 -2.40 0.00
NQU6 2006-08-18, 08:09:12 USD GLOBEX -1 1,575.2500 1,575.8333 -0.00 -2.40 0.00
NQU6 2006-08-18, 09:05:38 USD GLOBEX 1 1,576.0000 1,575.8333 -0.00 -2.40 0.00
NQU6 2006-08-18, 09:16:11 USD GLOBEX 1 1,578.2500 1,575.8333 -0.00 -2.40 0.00
NQU6 2006-08-18, 11:15:27 USD GLOBEX -1 1,571.2500 1,575.8333 -0.00 -2.40 0.00
NQU6 2006-08-18, 12:27:53 USD GLOBEX -1 1,573.2500 1,575.8333 -0.00 -2.40 0.00
NQU6 2006-08-18, 12:46:47 USD GLOBEX 1 1,573.5000 1,575.8333 -0.00 -2.40 0.00
NQU6 2006-08-18, 13:24:49 USD GLOBEX 1 1,576.0000 1,575.8333 -0.00 -2.40 0.00
NQU6 2006-08-18, 14:54:20 USD GLOBEX -1 1,578.7500 1,575.8333 -0.00 -2.40 0.00
NQU6 2006-08-18, 15:15:37 USD GLOBEX -1 1,580.2500 1,575.8333 -0.00 -2.40 0.00
SSIU6 2006-08-18, 01:48:59 JPY SGX -1 16,140.0000 16,140.0000 -0.00 -300.00 0.00
YM SEP 06 2006-08-18, 09:02:25 USD ECBOT 1 11,372.0000 11,370.4167 -0.00 -2.13 0.00
YM SEP 06 2006-08-18, 09:52:33 USD ECBOT 1 11,371.0000 11,370.4167 -0.00 -2.13 0.00
YM SEP 06 2006-08-18, 11:18:56 USD ECBOT -1 11,371.0000 11,370.4167 -0.00 -2.13 0.00
YM SEP 06 2006-08-18, 11:17:10 USD ECBOT -1 11,371.0000 11,370.4167 -0.00 -2.13 0.00
YM SEP 06 2006-08-18, 11:53:41 USD ECBOT -1 11,354.0000 11,370.4167 -0.00 -2.13 0.00
YM SEP 06 2006-08-18, 12:25:21 USD ECBOT 1 11,356.0000 11,370.4167 -0.00 -2.13 0.00
YM SEP 06 2006-08-18, 13:10:45 USD ECBOT 1 11,367.0000 11,370.4167 -0.00 -2.13 0.00
YM SEP 06 2006-08-18, 13:46:29 USD ECBOT 1 11,367.0000 11,370.4167 -0.00 -2.13 0.00
YM SEP 06 2006-08-18, 14:16:16 USD ECBOT -1 11,378.0000 11,370.4167 -0.00 -2.13 0.00
YM SEP 06 2006-08-18, 14:16:30 USD ECBOT 1 11,382.0000 11,370.4167 -0.00 -2.13 0.00
YM SEP 06 2006-08-18, 15:12:36 USD ECBOT -2 11,378.0000 11,370.4167 -0.00 -4.26 0.00
Note: 1 in the Quan column means buy 1 contract, -1 means sell 1 contract. 1 sell contract of NQ to close. (closed on 21 Aug 06)
SGX Nikkei 225 Future - bot at 16055 on 18 Aug 06, sold at 16110 on 21 Aug 06.
Symbol Date/Time Curr Exch Quan Price Avg. Cost Amount Comm Tax
ESU6 2006-08-18, 09:15:06 USD GLOBEX 1 1,302.0000 1,299.6250 -0.00 -2.40 0.00
ESU6 2006-08-18, 10:18:04 USD GLOBEX -1 1,297.2500 1,299.6250 -0.00 -2.40 0.00
NQU6 2006-08-18, 08:09:12 USD GLOBEX -1 1,575.2500 1,575.8333 -0.00 -2.40 0.00
NQU6 2006-08-18, 09:05:38 USD GLOBEX 1 1,576.0000 1,575.8333 -0.00 -2.40 0.00
NQU6 2006-08-18, 09:16:11 USD GLOBEX 1 1,578.2500 1,575.8333 -0.00 -2.40 0.00
NQU6 2006-08-18, 11:15:27 USD GLOBEX -1 1,571.2500 1,575.8333 -0.00 -2.40 0.00
NQU6 2006-08-18, 12:27:53 USD GLOBEX -1 1,573.2500 1,575.8333 -0.00 -2.40 0.00
NQU6 2006-08-18, 12:46:47 USD GLOBEX 1 1,573.5000 1,575.8333 -0.00 -2.40 0.00
NQU6 2006-08-18, 13:24:49 USD GLOBEX 1 1,576.0000 1,575.8333 -0.00 -2.40 0.00
NQU6 2006-08-18, 14:54:20 USD GLOBEX -1 1,578.7500 1,575.8333 -0.00 -2.40 0.00
NQU6 2006-08-18, 15:15:37 USD GLOBEX -1 1,580.2500 1,575.8333 -0.00 -2.40 0.00
SSIU6 2006-08-18, 01:48:59 JPY SGX -1 16,140.0000 16,140.0000 -0.00 -300.00 0.00
YM SEP 06 2006-08-18, 09:02:25 USD ECBOT 1 11,372.0000 11,370.4167 -0.00 -2.13 0.00
YM SEP 06 2006-08-18, 09:52:33 USD ECBOT 1 11,371.0000 11,370.4167 -0.00 -2.13 0.00
YM SEP 06 2006-08-18, 11:18:56 USD ECBOT -1 11,371.0000 11,370.4167 -0.00 -2.13 0.00
YM SEP 06 2006-08-18, 11:17:10 USD ECBOT -1 11,371.0000 11,370.4167 -0.00 -2.13 0.00
YM SEP 06 2006-08-18, 11:53:41 USD ECBOT -1 11,354.0000 11,370.4167 -0.00 -2.13 0.00
YM SEP 06 2006-08-18, 12:25:21 USD ECBOT 1 11,356.0000 11,370.4167 -0.00 -2.13 0.00
YM SEP 06 2006-08-18, 13:10:45 USD ECBOT 1 11,367.0000 11,370.4167 -0.00 -2.13 0.00
YM SEP 06 2006-08-18, 13:46:29 USD ECBOT 1 11,367.0000 11,370.4167 -0.00 -2.13 0.00
YM SEP 06 2006-08-18, 14:16:16 USD ECBOT -1 11,378.0000 11,370.4167 -0.00 -2.13 0.00
YM SEP 06 2006-08-18, 14:16:30 USD ECBOT 1 11,382.0000 11,370.4167 -0.00 -2.13 0.00
YM SEP 06 2006-08-18, 15:12:36 USD ECBOT -2 11,378.0000 11,370.4167 -0.00 -4.26 0.00
Note: 1 in the Quan column means buy 1 contract, -1 means sell 1 contract. 1 sell contract of NQ to close. (closed on 21 Aug 06)
SGX Nikkei 225 Future - bot at 16055 on 18 Aug 06, sold at 16110 on 21 Aug 06.
Labels: Futures Trading
18 August 2006
Stocks Update (18 Aug 06)
Note: Technicals of China stocks are weakening on weekly charts. (11 Aug 06)
Today (18 Aug 06) bottom formation breakouts have increased by another 0 to 29 in total for 122 stocks on my radar, which may signal STI has a requirement of further rebound to a target of 2472 (50% rebound of total loss from 2666 to 2278, target triggered at 2472 on 07 Aug 06) or even higher, say, 2517 (61.8% of total loss from 2666 to 2278), before wave C down wave sets in.
Dow 30 and SP500 have both broken out of their double bottom neckline resistances as of 04 Aug 06!
Thus I decided to buy every breakout to avoid missing potential opportunities such as GES, no bias any more. (11 Aug 06) After a few days of reflection, find that this method is not efficient. I decided to switch back to an efficient method proven before: buy valid db breakout only - breakout must be accompanied with heavy volume. This method was very successful when it was used during mid Jun to Mid Jul 06 bear rally, leading to recovery of more than 50% of total loss of paper profit caused by STI free fall from 2666 to 2278. So far Mediaring (bot .35) and Starhub (bot 2.23) have been identified as having such characteristics. (15 Aug 06)
Noted that slide of China plays began to accelerate on 07 Aug 06, divergent with general market, which is not a good sign. This may relate to macro economic control measures implemented by the Chinese government in recent days. I also noted that China stocks in Shanghai and Shenzhen fell heftly in recent 3 weeks. That's why I attempted to clear majority of my positions related to China to avoid potential bigger risks. (07 Aug 06) China stocks seems tired to dropping. Some of them such as I54 Fabchem (bot .695 today)and L46 Luzhou (bot .73 today) are showing signs of life. (18 Aug 06)
L26 Labroy Marine - nl 1.43, buy order not filled on 25/26/27/28/31 Jul 06 and 01 Aug 06 (02 Aug 06 update)
H78 HONGKONG LAND - db 3.34-3.80 tg 4.26, bot 3.82 on 24 Jul 06. (Before 18 Aug 06) Sold 4.06 as planned recently due to bearish candle sticks. (18 Aug 06)
G01 GES - db seems too small nl 1.05, not interested - a mistake, now (27 Jul 06) 1.22 due to Venture takeover offer of GES at 1.25
F33 FERROCHINA - db .56-.81 tg 1.06, bot 0.81 on 24 Jul 06, added 0.815 on 25 Jul 06, added .815 on 26 (?) Jul 06. Daiwa tg 1.00 (04 Aug 06). Cut all positions at .755 at a loss of 7.4% (07 Aug 06).
D05 DBS - nl 18.2 tg 19.2 former high, bot 18.3 on 25 Jul 06, added 18.2 on 27 Jul 06, added 18.2 on 28 Jul 06, added 18.2. (31 Jul 06) xd S$0.17 per share. (10 Aug 06)
C56 CELESTIAL - db seems too small, tg 1.60 (corrected) former rebound high, bot 1.42 on 25 Jul 06, high 1.54 on 27 Jul 06, close to tg 1.60, looking to take profit from tomorrow onwards, tg triggered, high 1.63 on 31 Jul 06, a bigger db nl at 1.60 has been broken out on 02 Aug 06, high 1.66, tg 2.10, historical high, bigger db tg is even high than this, greed comes, I decided to cancel profit taking for the time being since it is good time to buy rather than sell when the db nl is broken out(02 Aug 06). Merrill Lynch has a tg of 2.22 (03 Aug 06). Took profit at 1.54, profit 8.4%. (07 Aug 06)
Y62 Sino Env - rising triangle .565-.94, new high, blue line theory mentioned by The Art of Growing Money, chart formation target (tg) 1.31, bot .95 on 27 Jul 06, added .945 on 27 Jul 06, added .94 on 27 Jul 06, buy order at .94 and .94 not filled on 28 Jul 06, added 0.955 on 31 Jul 06, high .985. Cut 25% (correction) at .925, lost 2.6% (07 Aug 06). Sold 50% of original total positions at 1.00 since I saw a rising wedge on weekly chart last night. High 1.06. 25% positions left. (11 Aug 06) Surprise! Rising wedge broke out, up! which was supposed to break down. This is a bullish scenario! Major player is operating against common sense, demonstrating his / her strong financial muscle. Continue holding existing position, see how things pan out. (14 Aug 06) Sold another 11.7% of total orginal positions at 1.17. Holding remaining 13.3% positions.(18 Aug 06)
F83 Cosco - 52 week new high, another blue line stock
T48 Singtel - db breakout, tg 2.76, nl 2.55, bot 2.52 on 28 Jul 06, added 2.52 on 28 Jul 06 (another account), high 2.59 (31 Jul 06). CitygroupSB tg 3.10, UOBKayHian tg 2.52, iocbc feels Singtel's result disappointing tg 3.02 maintains for now, CIMB-GK tg 2.82, KE tg 3.06 (03 Aug 06). DBS Vickers tg 3.04 (04 Aug 06). Ex-d S$0.10 per share (08 Aug 06) Sold 2.50 due to bearish weekly candles. Profit 3% after factoring in dividends to be received. (18 Aug 06)
T03 TAT - db breakout, nl 1.03
S72 SC Global - 52 week new high, nl 1.52
J36 JMH - db breakout, nl 18.4, buy order not filled on 28/31 Jul 06
U11 UOB - bot 15.5 on 31 Jul 06 on expectation of breakout of nl at 15.7, which was not achieved today (31 Jul 06), tg 17, the 52 weeks high (31 Jul 06), to add if 15.8 is traded, just read: DBS Vickers tg 17.8, iocbc tg 17.7, fox tg 17.98, ms overweight, ml tg 18.5, mac outperform, average tg 18, tg will be 17.1 if average tg 18 is discounted 5% (02 Aug 06). Added 15.7, breakout today at 15.8 (07 Aug 06). xd .20 per share. (14 Aug 06)
F12 Fibrechem - db breakout long time ago, tg 1.43, historical high, my tg 1.42, bot 1.22 on 31 Jul 06. KE tg 1.47, Philip tg 1.66 (03 Aug 06). Cut 1.08 since loss exceeded 10%, lost 11.5% (07 Aug 06).
D79 CG Tech - db .24-.35 breakout, tg .46, but historical high is .43, thus my tg .425, bot .35, high .36 (02 Aug 06). Keep it, cheap (07 Aug 06). Sold .355 to avoid potential risks, weekly charts of some other China plays not good. (11 Aug 06) Bot back at .36, 2Q result is very encouraging, easily worth .50 per share even if PE=5. Plan to average down if it falls 10%. Must have courage to rectify mistake made last Friday. After all, it is just a commission away to buy back, not a big deal. Making correct decision is more important than paying a commission. (15 Aug 06)
E90 China Sky - db .76-1.11 breakout, tg 1.46, but historical high is 1.32, thus my tg 1.31, bot 1.12, closed at 1.10 (02 Aug 06). Cut .96 since loss exceeded 10%, lost 14.3% (07 Aug 06).
M32 Midsouth - small db breakout, nl .555, tg .62 (recent rebound high), bot .56 (02 Aug 06). Keep it, solid result and bright prospect (07 Aug 06). Cut loss order at .53 not filled, note China stocks weekly chart not good. (11 Aug 06)
5GJ Ausgroup - db .235-.31 breakout, tg .385, historical high .39, bot .31. (03 Aug 06) Price 5 waves up, volumes 5 waves up, bullish setup. (15 Aug 06) Daily canldes show signs of an interim top, be careful! (17 Aug 06) Today's candle engulfed 2 former candles positively, this turned this chart bullish. (18 Aug 06)
S68 SGX - db 3.10-3.82 breakout, tg 4.54, historical high 4.94, bot 3.86 (03 Aug 06). Cut 3.84 to avoid potential risk since a negative engulfing candle stick appeared on its daily chart. (08 Aug 06)
C86 China Sun - Consolidation area .745-.895 breakout, tg 1.04, but historical high 1.02, thus tg is adjusted to 1.01, bot .895 (03 Aug 06). Cut .865, lost 3.4% (07 Aug 06).
U96 Sembcorp - db 2.80-3.38 breakout, tg 3.96, but historical high 3.64, thus tg is adjusted to 3.62, buy order not filled (03 Aug 06). Bot 3.34, note today is xe day (04 Aug 06) Cut 3.28 as planned recently. (18 Aug 06)
5EE Aqua Terra - db .245-.405 breakout, tg .56, but historical high .53 (adjusted for bonus issue), thus tg is adjusted to .52, bot .415 (04 Aug 06). Cut .375 since loss exceeded 10%, low .35, lost 9.6%, note breakout on 04 Aug 06 was a trap made by the major manipulator (07 Aug 06). Noted same thing happened for Chip Eng Seng, breakout is fake on 04 Aug 06, objective of fake breakout is to attract outsiders such as me to buy while he / she can sell as many as possible. Result no good, net profit published on 08 Aug 06 dropped 58%, leading to gap down of this counter this morning! Wondering who is manipulating this counter, SGX needs to investigate. (08 Aug 06) Read chart of AT, breakout is actually a valid one since it was accompanied with heavy volume on the breakout day. Now .455. A mistake to have sold it! Sold not based on sound judgement. (15 Aug 06)
U14 UOL - db 2.64-3.00 breakout, tg 3.36, but historical high 3.28, thus tg is adjusted to 3.26, bot 2.99 (04 Aug 06)
F95 China Fishery - db 2.16-2.84 breakout, tg 3.52, historical high 3.74 (04 Aug 06)
C29 Chip Eng Seng - db .17-.205 breakout, tg .24, former high .27 (04 Aug 06). Buy order .205 not filled (07 Aug 06). Bot .20 (queued at .205). Noted same thing as Aqua Terra happened for Chip Eng Seng, breakout is fake on 04 Aug 06, objective of fake breakout is to attract outsiders such as me to buy while manipulator(s) of this counter can sell as many as possible because he / she knows bad news is coming. It is not a surprise; net profit published on 08 Aug 06 dropped 58%, leading to gap down of this counter this morning! Wondering who is manipulating this counter, SGX needs to investigate. (08 Aug 06) Cut loss order at .20 not filled. (11 Aug 06) DB breakout is a valid one since it was accompanied with heavy volume on the breakout day. Hold existing position. (15 Aug 06) Market acitons are proving the view mentioned in the previous update. (18 Aug 06)
C22 China Mer Pacif - db .72-.82 breakout, tg .92, former high .92 (04 Aug 06) Opportunity was given up since breakout was not accompanied with heavy volume. (15 Aug 06)
M09 Mediaring - Sold remaining half at .36 (queued at .355) with a small profit since a small double top formation was broken down yesterday, this triggered my profit taking level. (08 Aug 06) Read chart and found that a small db actually broke out with heavy volume, demonstrating that this is a valid breakout. Bot back at .35. (14 Aug 06) Market acitons are proving the view mentioned in the previous update. (18 Aug 06)
T54 Star Hub - db 2.06-2.25 breakout, which is a valid breakout since this breakout was accompanied with heavy volume, bot 2.23, tg 2.44. (15 Aug 06)
U12 UTAC - DB breakout, nl .715. Weekly chart shows 5 down waves completed, and a positive engulfing, a morning star, and a db breakout with heavy volume. A significant rebound is likely from now on, tg .87 (rebound 50% of total loss from recent high to low). (16 Aug 06) Buy order at .715 not filled. (17 Aug 06) Buy order at .72 not filled. (18 Aug 06)
B32 BH Global - New high, breakout, nl .315, bot .315. (17 Aug 06)
M29 MMI - db .655-.735 breakout, tg .815, former high .855, bot .74. This one is safe, bot at .735 for my family account, too. (17 Aug 06) Buy orders at .73 .735 .74 not filled. (18 Aug 06)
K01 K1 Venture - db .30-.37 breakout, tg .44, bot .375. (17 Aug 06)
I54 Fabchem - a small db breakout with volume yesterday, bot .695 today. Will the takeover rumor spread again so that the major manipulator of this counter can play and profit from it once again like before? (17 Aug 06)
L46 Luzhou - a small db breakout with volume yesterday, bot .73 today. (17 Aug 06)
Note: Technicals of China stocks are weakening on weekly charts. (11 Aug 06)
Today (18 Aug 06) bottom formation breakouts have increased by another 0 to 29 in total for 122 stocks on my radar, which may signal STI has a requirement of further rebound to a target of 2472 (50% rebound of total loss from 2666 to 2278, target triggered at 2472 on 07 Aug 06) or even higher, say, 2517 (61.8% of total loss from 2666 to 2278), before wave C down wave sets in.
Dow 30 and SP500 have both broken out of their double bottom neckline resistances as of 04 Aug 06!
Thus I decided to buy every breakout to avoid missing potential opportunities such as GES, no bias any more. (11 Aug 06) After a few days of reflection, find that this method is not efficient. I decided to switch back to an efficient method proven before: buy valid db breakout only - breakout must be accompanied with heavy volume. This method was very successful when it was used during mid Jun to Mid Jul 06 bear rally, leading to recovery of more than 50% of total loss of paper profit caused by STI free fall from 2666 to 2278. So far Mediaring (bot .35) and Starhub (bot 2.23) have been identified as having such characteristics. (15 Aug 06)
Noted that slide of China plays began to accelerate on 07 Aug 06, divergent with general market, which is not a good sign. This may relate to macro economic control measures implemented by the Chinese government in recent days. I also noted that China stocks in Shanghai and Shenzhen fell heftly in recent 3 weeks. That's why I attempted to clear majority of my positions related to China to avoid potential bigger risks. (07 Aug 06) China stocks seems tired to dropping. Some of them such as I54 Fabchem (bot .695 today)and L46 Luzhou (bot .73 today) are showing signs of life. (18 Aug 06)
L26 Labroy Marine - nl 1.43, buy order not filled on 25/26/27/28/31 Jul 06 and 01 Aug 06 (02 Aug 06 update)
H78 HONGKONG LAND - db 3.34-3.80 tg 4.26, bot 3.82 on 24 Jul 06. (Before 18 Aug 06) Sold 4.06 as planned recently due to bearish candle sticks. (18 Aug 06)
G01 GES - db seems too small nl 1.05, not interested - a mistake, now (27 Jul 06) 1.22 due to Venture takeover offer of GES at 1.25
F33 FERROCHINA - db .56-.81 tg 1.06, bot 0.81 on 24 Jul 06, added 0.815 on 25 Jul 06, added .815 on 26 (?) Jul 06. Daiwa tg 1.00 (04 Aug 06). Cut all positions at .755 at a loss of 7.4% (07 Aug 06).
D05 DBS - nl 18.2 tg 19.2 former high, bot 18.3 on 25 Jul 06, added 18.2 on 27 Jul 06, added 18.2 on 28 Jul 06, added 18.2. (31 Jul 06) xd S$0.17 per share. (10 Aug 06)
C56 CELESTIAL - db seems too small, tg 1.60 (corrected) former rebound high, bot 1.42 on 25 Jul 06, high 1.54 on 27 Jul 06, close to tg 1.60, looking to take profit from tomorrow onwards, tg triggered, high 1.63 on 31 Jul 06, a bigger db nl at 1.60 has been broken out on 02 Aug 06, high 1.66, tg 2.10, historical high, bigger db tg is even high than this, greed comes, I decided to cancel profit taking for the time being since it is good time to buy rather than sell when the db nl is broken out(02 Aug 06). Merrill Lynch has a tg of 2.22 (03 Aug 06). Took profit at 1.54, profit 8.4%. (07 Aug 06)
Y62 Sino Env - rising triangle .565-.94, new high, blue line theory mentioned by The Art of Growing Money, chart formation target (tg) 1.31, bot .95 on 27 Jul 06, added .945 on 27 Jul 06, added .94 on 27 Jul 06, buy order at .94 and .94 not filled on 28 Jul 06, added 0.955 on 31 Jul 06, high .985. Cut 25% (correction) at .925, lost 2.6% (07 Aug 06). Sold 50% of original total positions at 1.00 since I saw a rising wedge on weekly chart last night. High 1.06. 25% positions left. (11 Aug 06) Surprise! Rising wedge broke out, up! which was supposed to break down. This is a bullish scenario! Major player is operating against common sense, demonstrating his / her strong financial muscle. Continue holding existing position, see how things pan out. (14 Aug 06) Sold another 11.7% of total orginal positions at 1.17. Holding remaining 13.3% positions.(18 Aug 06)
F83 Cosco - 52 week new high, another blue line stock
T48 Singtel - db breakout, tg 2.76, nl 2.55, bot 2.52 on 28 Jul 06, added 2.52 on 28 Jul 06 (another account), high 2.59 (31 Jul 06). CitygroupSB tg 3.10, UOBKayHian tg 2.52, iocbc feels Singtel's result disappointing tg 3.02 maintains for now, CIMB-GK tg 2.82, KE tg 3.06 (03 Aug 06). DBS Vickers tg 3.04 (04 Aug 06). Ex-d S$0.10 per share (08 Aug 06) Sold 2.50 due to bearish weekly candles. Profit 3% after factoring in dividends to be received. (18 Aug 06)
T03 TAT - db breakout, nl 1.03
S72 SC Global - 52 week new high, nl 1.52
J36 JMH - db breakout, nl 18.4, buy order not filled on 28/31 Jul 06
U11 UOB - bot 15.5 on 31 Jul 06 on expectation of breakout of nl at 15.7, which was not achieved today (31 Jul 06), tg 17, the 52 weeks high (31 Jul 06), to add if 15.8 is traded, just read: DBS Vickers tg 17.8, iocbc tg 17.7, fox tg 17.98, ms overweight, ml tg 18.5, mac outperform, average tg 18, tg will be 17.1 if average tg 18 is discounted 5% (02 Aug 06). Added 15.7, breakout today at 15.8 (07 Aug 06). xd .20 per share. (14 Aug 06)
F12 Fibrechem - db breakout long time ago, tg 1.43, historical high, my tg 1.42, bot 1.22 on 31 Jul 06. KE tg 1.47, Philip tg 1.66 (03 Aug 06). Cut 1.08 since loss exceeded 10%, lost 11.5% (07 Aug 06).
D79 CG Tech - db .24-.35 breakout, tg .46, but historical high is .43, thus my tg .425, bot .35, high .36 (02 Aug 06). Keep it, cheap (07 Aug 06). Sold .355 to avoid potential risks, weekly charts of some other China plays not good. (11 Aug 06) Bot back at .36, 2Q result is very encouraging, easily worth .50 per share even if PE=5. Plan to average down if it falls 10%. Must have courage to rectify mistake made last Friday. After all, it is just a commission away to buy back, not a big deal. Making correct decision is more important than paying a commission. (15 Aug 06)
E90 China Sky - db .76-1.11 breakout, tg 1.46, but historical high is 1.32, thus my tg 1.31, bot 1.12, closed at 1.10 (02 Aug 06). Cut .96 since loss exceeded 10%, lost 14.3% (07 Aug 06).
M32 Midsouth - small db breakout, nl .555, tg .62 (recent rebound high), bot .56 (02 Aug 06). Keep it, solid result and bright prospect (07 Aug 06). Cut loss order at .53 not filled, note China stocks weekly chart not good. (11 Aug 06)
5GJ Ausgroup - db .235-.31 breakout, tg .385, historical high .39, bot .31. (03 Aug 06) Price 5 waves up, volumes 5 waves up, bullish setup. (15 Aug 06) Daily canldes show signs of an interim top, be careful! (17 Aug 06) Today's candle engulfed 2 former candles positively, this turned this chart bullish. (18 Aug 06)
S68 SGX - db 3.10-3.82 breakout, tg 4.54, historical high 4.94, bot 3.86 (03 Aug 06). Cut 3.84 to avoid potential risk since a negative engulfing candle stick appeared on its daily chart. (08 Aug 06)
C86 China Sun - Consolidation area .745-.895 breakout, tg 1.04, but historical high 1.02, thus tg is adjusted to 1.01, bot .895 (03 Aug 06). Cut .865, lost 3.4% (07 Aug 06).
U96 Sembcorp - db 2.80-3.38 breakout, tg 3.96, but historical high 3.64, thus tg is adjusted to 3.62, buy order not filled (03 Aug 06). Bot 3.34, note today is xe day (04 Aug 06) Cut 3.28 as planned recently. (18 Aug 06)
5EE Aqua Terra - db .245-.405 breakout, tg .56, but historical high .53 (adjusted for bonus issue), thus tg is adjusted to .52, bot .415 (04 Aug 06). Cut .375 since loss exceeded 10%, low .35, lost 9.6%, note breakout on 04 Aug 06 was a trap made by the major manipulator (07 Aug 06). Noted same thing happened for Chip Eng Seng, breakout is fake on 04 Aug 06, objective of fake breakout is to attract outsiders such as me to buy while he / she can sell as many as possible. Result no good, net profit published on 08 Aug 06 dropped 58%, leading to gap down of this counter this morning! Wondering who is manipulating this counter, SGX needs to investigate. (08 Aug 06) Read chart of AT, breakout is actually a valid one since it was accompanied with heavy volume on the breakout day. Now .455. A mistake to have sold it! Sold not based on sound judgement. (15 Aug 06)
U14 UOL - db 2.64-3.00 breakout, tg 3.36, but historical high 3.28, thus tg is adjusted to 3.26, bot 2.99 (04 Aug 06)
F95 China Fishery - db 2.16-2.84 breakout, tg 3.52, historical high 3.74 (04 Aug 06)
C29 Chip Eng Seng - db .17-.205 breakout, tg .24, former high .27 (04 Aug 06). Buy order .205 not filled (07 Aug 06). Bot .20 (queued at .205). Noted same thing as Aqua Terra happened for Chip Eng Seng, breakout is fake on 04 Aug 06, objective of fake breakout is to attract outsiders such as me to buy while manipulator(s) of this counter can sell as many as possible because he / she knows bad news is coming. It is not a surprise; net profit published on 08 Aug 06 dropped 58%, leading to gap down of this counter this morning! Wondering who is manipulating this counter, SGX needs to investigate. (08 Aug 06) Cut loss order at .20 not filled. (11 Aug 06) DB breakout is a valid one since it was accompanied with heavy volume on the breakout day. Hold existing position. (15 Aug 06) Market acitons are proving the view mentioned in the previous update. (18 Aug 06)
C22 China Mer Pacif - db .72-.82 breakout, tg .92, former high .92 (04 Aug 06) Opportunity was given up since breakout was not accompanied with heavy volume. (15 Aug 06)
M09 Mediaring - Sold remaining half at .36 (queued at .355) with a small profit since a small double top formation was broken down yesterday, this triggered my profit taking level. (08 Aug 06) Read chart and found that a small db actually broke out with heavy volume, demonstrating that this is a valid breakout. Bot back at .35. (14 Aug 06) Market acitons are proving the view mentioned in the previous update. (18 Aug 06)
T54 Star Hub - db 2.06-2.25 breakout, which is a valid breakout since this breakout was accompanied with heavy volume, bot 2.23, tg 2.44. (15 Aug 06)
U12 UTAC - DB breakout, nl .715. Weekly chart shows 5 down waves completed, and a positive engulfing, a morning star, and a db breakout with heavy volume. A significant rebound is likely from now on, tg .87 (rebound 50% of total loss from recent high to low). (16 Aug 06) Buy order at .715 not filled. (17 Aug 06) Buy order at .72 not filled. (18 Aug 06)
B32 BH Global - New high, breakout, nl .315, bot .315. (17 Aug 06)
M29 MMI - db .655-.735 breakout, tg .815, former high .855, bot .74. This one is safe, bot at .735 for my family account, too. (17 Aug 06) Buy orders at .73 .735 .74 not filled. (18 Aug 06)
K01 K1 Venture - db .30-.37 breakout, tg .44, bot .375. (17 Aug 06)
I54 Fabchem - a small db breakout with volume yesterday, bot .695 today. Will the takeover rumor spread again so that the major manipulator of this counter can play and profit from it once again like before? (17 Aug 06)
L46 Luzhou - a small db breakout with volume yesterday, bot .73 today. (17 Aug 06)
Day trading of SGXNK (SGX Nikkei 225 Index Future)(18 Aug 06)
Short 16040, stopped 16110 (buy stop order)
and
long 16110(buy stop order), sold at 16140 since half of paper profit (rose to 16180 after buying) lost from high 16180 to 16140 after buying. I'm simply following a rule: Never lose more than half of your profit once there is any.
Note: tick size for SGX Nikkei 225 Index Future is 5 points, tick value is Japanese Yen 2500, meaning Yen 500 per point. In this case, I lost 30 points (16040+16140-16110-16110=40), ie, S$288.
Comment: Seems it is not easy to make money from trading of this contract.
Short 16040, stopped 16110 (buy stop order)
and
long 16110(buy stop order), sold at 16140 since half of paper profit (rose to 16180 after buying) lost from high 16180 to 16140 after buying. I'm simply following a rule: Never lose more than half of your profit once there is any.
Note: tick size for SGX Nikkei 225 Index Future is 5 points, tick value is Japanese Yen 2500, meaning Yen 500 per point. In this case, I lost 30 points (16040+16140-16110-16110=40), ie, S$288.
Comment: Seems it is not easy to make money from trading of this contract.
Labels: Futures Trading
Day trading of Mini Dow and Nasdaq 100 (17 Aug 06)
Mini Dow
Short 11335 stopped 11365
Long 11377 (buy stop order) sold 11394(market order)
Long added 11373 (limit order) sold 11394(market order)
Nasdaq 100
Long 1582.5 (buy stop order) long added 1584.25 (buy stop order)
Sold 1585.75 (market order) 1588.75 (market order)
Mini Dow
Short 11335 stopped 11365
Long 11377 (buy stop order) sold 11394(market order)
Long added 11373 (limit order) sold 11394(market order)
Nasdaq 100
Long 1582.5 (buy stop order) long added 1584.25 (buy stop order)
Sold 1585.75 (market order) 1588.75 (market order)
Labels: Futures Trading
17 August 2006
Day trading of SGXNK (SGX Nikkei 225 Index Futures)(17 Aug 06)
bot 16115, cut 16080 (sell stop order set at 16080)
Note: tick size 5 points, tick value Japanese Yen 2500, meaning Yen 500 per point, lost 35 points, ie, Yen 17500, ie, total loss for this trade is S$240.
bot 16115, cut 16080 (sell stop order set at 16080)
Note: tick size 5 points, tick value Japanese Yen 2500, meaning Yen 500 per point, lost 35 points, ie, Yen 17500, ie, total loss for this trade is S$240.
Labels: Futures Trading
Stocks Update (17 Aug 06)
Note: Technicals of China stocks are weakening on weekly charts. (11 Aug 06)
Today (17 Aug 06) bottom formation breakouts have increased by another 4 (including UTAC breakout yesterday) to 29 in total for 122 stocks on my radar, which may signal STI has a requirement of further rebound to a target of 2472 (50% rebound of total loss from 2666 to 2278, target triggered at 2472 on 07 Aug 06) or even higher, say, 2517 (61.8% of total loss from 2666 to 2278), before wave C down wave sets in.
Dow 30 and SP500 have both broken out of their double bottom neckline resistances as of 04 Aug 06!
Thus I decided to buy every breakout to avoid missing potential opportunities such as GES, no bias any more. (11 Aug 06) After a few days of reflection, find that this method is not efficient. I decided to switch back to an efficient method proven before: buy valid db breakout only - breakout must be accompanied with heavy volume. This method was very successful when it was used during mid Jun to Mid Jul 06 bear rally, leading to recovery of more than 50% of total loss of paper profit caused by STI free fall from 2666 to 2278. So far Mediaring (bot .35) and Starhub (bot 2.23) have been identified as having such characteristics. (15 Aug 06)
Noted that slide of China plays began to accelerate on 07 Aug 06, divergent with general market, which is not a good sign. This may relate to macro economic control measures implemented by the Chinese government in recent few days. I also noted that China stocks in Shanghai and Shenzhen fell heavily in recent 3 weeks. That's why I attempted to clear majority of my positions related to China Plays to avoid potential risks. (07 Aug 06)
L26 Labroy Marine - nl 1.43, buy order not filled on 25/26/27/28/31 Jul 06 and 01 Aug 06 (02 Aug 06 update)
H78 HONGKONG LAND - db 3.34-3.80 tg 4.26, bot 3.82 on 24 Jul 06
G01 GES - db seems too small nl 1.05, not interested - a mistake, now (27 Jul 06) 1.22 due to Venture takeover offer of GES at 1.25
F33 FERROCHINA - db .56-.81 tg 1.06, bot 0.81 on 24 Jul 06, added 0.815 on 25 Jul 06, added .815 on 26 (?) Jul 06. Daiwa tg 1.00 (04 Aug 06). Cut all positions at .755 at a loss of 7.4% (07 Aug 06).
D05 DBS - nl 18.2 tg 19.2 former high, bot 18.3 on 25 Jul 06, added 18.2 on 27 Jul 06, added 18.2 on 28 Jul 06, added 18.2. (31 Jul 06) xd S$0.17 per share. (10 Aug 06)
C56 CELESTIAL - db seems too small, tg 1.60 (corrected) former rebound high, bot 1.42 on 25 Jul 06, high 1.54 on 27 Jul 06, close to tg 1.60, looking to take profit from tomorrow onwards, tg triggered, high 1.63 on 31 Jul 06, a bigger db nl at 1.60 has been broken out on 02 Aug 06, high 1.66, tg 2.10, historical high, bigger db tg is even high than this, greed comes, I decided to cancel profit taking for the time being since it is good time to buy rather than sell when the db nl is broken out(02 Aug 06). Merrill Lynch has a tg of 2.22 (03 Aug 06). Took profit at 1.54, profit 8.4%. (07 Aug 06)
Y62 Sino Env - rising triangle .565-.94, new high, blue line theory mentioned by The Art of Growing Money, chart formation target (tg) 1.31, bot .95 on 27 Jul 06, added .945 on 27 Jul 06, added .94 on 27 Jul 06, buy order at .94 and .94 not filled on 28 Jul 06, added 0.955 on 31 Jul 06, high .985. Cut 25% (correction) at .925, lost 2.6% (07 Aug 06). Sold 50% of original total positions at 1.00 since I saw a rising wedge on weekly chart last night. High 1.06. 25% positions left. (11 Aug 06) Surprise! Rising wedge broke out, up! which was supposed to break down. This is a bullish scenario! Major player is operating against common sense, demonstrating his / her strong financial muscle. Continue holding existing position, see how things pan out. (14 Aug 06)
F83 Cosco - 52 week new high, another blue line stock
T48 Singtel - db breakout, tg 2.76, nl 2.55, bot 2.52 on 28 Jul 06, added 2.52 on 28 Jul 06 (another account), high 2.59 (31 Jul 06). CitygroupSB tg 3.10, UOBKayHian tg 2.52, iocbc feels Singtel's result disappointing tg 3.02 maintains for now, CIMB-GK tg 2.82, KE tg 3.06 (03 Aug 06). DBS Vickers tg 3.04 (04 Aug 06). Ex-d S$0.10 per share (08 Aug 06)
T03 TAT - db breakout, nl 1.03
S72 SC Global - 52 week new high, nl 1.52
J36 JMH - db breakout, nl 18.4, buy order not filled on 28/31 Jul 06
U11 UOB - bot 15.5 on 31 Jul 06 on expectation of breakout of nl at 15.7, which was not achieved today (31 Jul 06), tg 17, the 52 weeks high (31 Jul 06), to add if 15.8 is traded, just read: DBS Vickers tg 17.8, iocbc tg 17.7, fox tg 17.98, ms overweight, ml tg 18.5, mac outperform, average tg 18, tg will be 17.1 if average tg 18 is discounted 5% (02 Aug 06). Added 15.7, breakout today at 15.8 (07 Aug 06). xd .20 per share. (14 Aug 06)
F12 Fibrechem - db breakout long time ago, tg 1.43, historical high, my tg 1.42, bot 1.22 on 31 Jul 06. KE tg 1.47, Philip tg 1.66 (03 Aug 06). Cut 1.08 since loss exceeded 10%, lost 11.5% (07 Aug 06).
D79 CG Tech - db .24-.35 breakout, tg .46, but historical high is .43, thus my tg .425, bot .35, high .36 (02 Aug 06). Keep it, cheap (07 Aug 06). Sold .355 to avoid potential risks, weekly charts of some other China plays not good. (11 Aug 06) Bot back at .36, 2Q result is very encouraging, easily worth .50 per share even if PE=5. Plan to average down if it falls 10%. Must have courage to rectify mistake made last Friday. After all, it is just a commission away to buy back, not a big deal. Making correct decision is more important than paying a commission. (15 Aug 06)
E90 China Sky - db .76-1.11 breakout, tg 1.46, but historical high is 1.32, thus my tg 1.31, bot 1.12, closed at 1.10 (02 Aug 06). Cut .96 since loss exceeded 10%, lost 14.3% (07 Aug 06).
M32 Midsouth - small db breakout, nl .555, tg .62 (recent rebound high), bot .56 (02 Aug 06). Keep it, solid result and bright prospect (07 Aug 06). Cut loss order at .53 not filled, China stocks weekly chart not good. (11 Aug 06)
5GJ Ausgroup - db .235-.31 breakout, tg .385, historical high .39, bot .31. (03 Aug 06) Price 5 waves up, volumes 5 waves up, bullish setup. (15 Aug 06)
S68 SGX - db 3.10-3.82 breakout, tg 4.54, historical high 4.94, bot 3.86 (03 Aug 06). Cut 3.84 to avoid potential risk since a negative engulfing candle stick appeared on its daily chart. (08 Aug 06)
C86 China Sun - Consolidation area .745-.895 breakout, tg 1.04, but historical high 1.02, thus tg is adjusted to 1.01, bot .895 (03 Aug 06). Cut .865, lost 3.4% (07 Aug 06).
U96 Sembcorp - db 2.80-3.38 breakout, tg 3.96, but historical high 3.64, thus tg is adjusted to 3.62, buy order not filled (03 Aug 06). Bot 3.34, note today is xe day (04 Aug 06)
5EE Aqua Terra - db .245-.405 breakout, tg .56, but historical high .53 (adjusted for bonus issue), thus tg is adjusted to .52, bot .415 (04 Aug 06). Cut .375 since loss exceeded 10%, low .35, lost 9.6%, note breakout on 04 Aug 06 was a trap made by the major manipulator (07 Aug 06). Noted same thing happened for Chip Eng Seng, breakout is fake on 04 Aug 06, objective of fake breakout is to attract outsiders such as me to buy while he / she can sell as many as possible. Result no good, net profit published on 08 Aug 06 dropped 58%, leading to gap down of this counter this morning! Wondering who is manipulating this counter, SGX needs to investigate. (08 Aug 06) Read chart of AT, breakout is actually a valid one since it was accompanied with heavy volume on the breakout day. Now .455. A mistake to have sold it! Sold not based on sound judgment. (15 Aug 06)
U14 UOL - db 2.64-3.00 breakout, tg 3.36, but historical high 3.28, thus tg is adjusted to 3.26, bot 2.99 (04 Aug 06)
F95 China Fishery - db 2.16-2.84 breakout, tg 3.52, historical high 3.74 (04 Aug 06)
C29 Chip Eng Seng - db .17-.205 breakout, tg .24, former high .27 (04 Aug 06). Buy order .205 not filled (07 Aug 06). Bot .20 (queued at .205). Noted same thing as Aqua Terra happened for Chip Eng Seng, breakout is fake on 04 Aug 06, objective of fake breakout is to attract outsiders such as me to buy while manipulator(s) of this counter can sell as many as possible because he / she knows bad news is coming. It is not a surprise; net profit published on 08 Aug 06 dropped 58%, leading to gap down of this counter this morning! Wondering who is manipulating this counter, SGX needs to investigate. (08 Aug 06) Cut loss order at .20 not filled. (11 Aug 06) DB breakout is a valid one since it was accompanied with heavy volume on the breakout day. Hold existing position. (15 Aug 06)
C22 China Mer Pacif - db .72-.82 breakout, tg .92, former high .92 (04 Aug 06) Opportunity was given up since breakout was not accompanied with heavy volume. (15 Aug 06)
M09 Mediaring - Sold remaining half at .36 (queued at .355) with a small profit since a small double top formation was broken down yesterday, this triggered my profit taking level. (08 Aug 06) Read chart and found that a small db actually broke out with heavy volume, demonstrating that this is a valid breakout. Bot back at .35. (14 Aug 06)
T54 Star Hub - db 2.06-2.25 breakout, which is a valid breakout since this breakout was accompanied with heavy volume, bot 2.23, tg 2.44. (15 Aug 06)
U12 UTAC - DB breakout, nl .715. Weekly chart shows 5 down waves completed, and a positive engulfing, a morning star, and a db breakout with heavy volume. A significant rebound is likely from now on, tg .87 (rebound 50% of total loss from recent high to low). (16 Aug 06) Buy order at .715 not filled. (17 Aug 06)
B32 BH Global - New high, breakout, nl .315, bot .315. (17 Aug 06)
M29 MMI - db .655-.735 breakout, tg .815, former high .855, bot .74. This one is safe, bot at .735 for my family account also. (17 Aug 06)
K01 K1 Venture - db .30-.37 breakout, tg .44, bot .375. (17 Aug 06)
Note: Technicals of China stocks are weakening on weekly charts. (11 Aug 06)
Today (17 Aug 06) bottom formation breakouts have increased by another 4 (including UTAC breakout yesterday) to 29 in total for 122 stocks on my radar, which may signal STI has a requirement of further rebound to a target of 2472 (50% rebound of total loss from 2666 to 2278, target triggered at 2472 on 07 Aug 06) or even higher, say, 2517 (61.8% of total loss from 2666 to 2278), before wave C down wave sets in.
Dow 30 and SP500 have both broken out of their double bottom neckline resistances as of 04 Aug 06!
Thus I decided to buy every breakout to avoid missing potential opportunities such as GES, no bias any more. (11 Aug 06) After a few days of reflection, find that this method is not efficient. I decided to switch back to an efficient method proven before: buy valid db breakout only - breakout must be accompanied with heavy volume. This method was very successful when it was used during mid Jun to Mid Jul 06 bear rally, leading to recovery of more than 50% of total loss of paper profit caused by STI free fall from 2666 to 2278. So far Mediaring (bot .35) and Starhub (bot 2.23) have been identified as having such characteristics. (15 Aug 06)
Noted that slide of China plays began to accelerate on 07 Aug 06, divergent with general market, which is not a good sign. This may relate to macro economic control measures implemented by the Chinese government in recent few days. I also noted that China stocks in Shanghai and Shenzhen fell heavily in recent 3 weeks. That's why I attempted to clear majority of my positions related to China Plays to avoid potential risks. (07 Aug 06)
L26 Labroy Marine - nl 1.43, buy order not filled on 25/26/27/28/31 Jul 06 and 01 Aug 06 (02 Aug 06 update)
H78 HONGKONG LAND - db 3.34-3.80 tg 4.26, bot 3.82 on 24 Jul 06
G01 GES - db seems too small nl 1.05, not interested - a mistake, now (27 Jul 06) 1.22 due to Venture takeover offer of GES at 1.25
F33 FERROCHINA - db .56-.81 tg 1.06, bot 0.81 on 24 Jul 06, added 0.815 on 25 Jul 06, added .815 on 26 (?) Jul 06. Daiwa tg 1.00 (04 Aug 06). Cut all positions at .755 at a loss of 7.4% (07 Aug 06).
D05 DBS - nl 18.2 tg 19.2 former high, bot 18.3 on 25 Jul 06, added 18.2 on 27 Jul 06, added 18.2 on 28 Jul 06, added 18.2. (31 Jul 06) xd S$0.17 per share. (10 Aug 06)
C56 CELESTIAL - db seems too small, tg 1.60 (corrected) former rebound high, bot 1.42 on 25 Jul 06, high 1.54 on 27 Jul 06, close to tg 1.60, looking to take profit from tomorrow onwards, tg triggered, high 1.63 on 31 Jul 06, a bigger db nl at 1.60 has been broken out on 02 Aug 06, high 1.66, tg 2.10, historical high, bigger db tg is even high than this, greed comes, I decided to cancel profit taking for the time being since it is good time to buy rather than sell when the db nl is broken out(02 Aug 06). Merrill Lynch has a tg of 2.22 (03 Aug 06). Took profit at 1.54, profit 8.4%. (07 Aug 06)
Y62 Sino Env - rising triangle .565-.94, new high, blue line theory mentioned by The Art of Growing Money, chart formation target (tg) 1.31, bot .95 on 27 Jul 06, added .945 on 27 Jul 06, added .94 on 27 Jul 06, buy order at .94 and .94 not filled on 28 Jul 06, added 0.955 on 31 Jul 06, high .985. Cut 25% (correction) at .925, lost 2.6% (07 Aug 06). Sold 50% of original total positions at 1.00 since I saw a rising wedge on weekly chart last night. High 1.06. 25% positions left. (11 Aug 06) Surprise! Rising wedge broke out, up! which was supposed to break down. This is a bullish scenario! Major player is operating against common sense, demonstrating his / her strong financial muscle. Continue holding existing position, see how things pan out. (14 Aug 06)
F83 Cosco - 52 week new high, another blue line stock
T48 Singtel - db breakout, tg 2.76, nl 2.55, bot 2.52 on 28 Jul 06, added 2.52 on 28 Jul 06 (another account), high 2.59 (31 Jul 06). CitygroupSB tg 3.10, UOBKayHian tg 2.52, iocbc feels Singtel's result disappointing tg 3.02 maintains for now, CIMB-GK tg 2.82, KE tg 3.06 (03 Aug 06). DBS Vickers tg 3.04 (04 Aug 06). Ex-d S$0.10 per share (08 Aug 06)
T03 TAT - db breakout, nl 1.03
S72 SC Global - 52 week new high, nl 1.52
J36 JMH - db breakout, nl 18.4, buy order not filled on 28/31 Jul 06
U11 UOB - bot 15.5 on 31 Jul 06 on expectation of breakout of nl at 15.7, which was not achieved today (31 Jul 06), tg 17, the 52 weeks high (31 Jul 06), to add if 15.8 is traded, just read: DBS Vickers tg 17.8, iocbc tg 17.7, fox tg 17.98, ms overweight, ml tg 18.5, mac outperform, average tg 18, tg will be 17.1 if average tg 18 is discounted 5% (02 Aug 06). Added 15.7, breakout today at 15.8 (07 Aug 06). xd .20 per share. (14 Aug 06)
F12 Fibrechem - db breakout long time ago, tg 1.43, historical high, my tg 1.42, bot 1.22 on 31 Jul 06. KE tg 1.47, Philip tg 1.66 (03 Aug 06). Cut 1.08 since loss exceeded 10%, lost 11.5% (07 Aug 06).
D79 CG Tech - db .24-.35 breakout, tg .46, but historical high is .43, thus my tg .425, bot .35, high .36 (02 Aug 06). Keep it, cheap (07 Aug 06). Sold .355 to avoid potential risks, weekly charts of some other China plays not good. (11 Aug 06) Bot back at .36, 2Q result is very encouraging, easily worth .50 per share even if PE=5. Plan to average down if it falls 10%. Must have courage to rectify mistake made last Friday. After all, it is just a commission away to buy back, not a big deal. Making correct decision is more important than paying a commission. (15 Aug 06)
E90 China Sky - db .76-1.11 breakout, tg 1.46, but historical high is 1.32, thus my tg 1.31, bot 1.12, closed at 1.10 (02 Aug 06). Cut .96 since loss exceeded 10%, lost 14.3% (07 Aug 06).
M32 Midsouth - small db breakout, nl .555, tg .62 (recent rebound high), bot .56 (02 Aug 06). Keep it, solid result and bright prospect (07 Aug 06). Cut loss order at .53 not filled, China stocks weekly chart not good. (11 Aug 06)
5GJ Ausgroup - db .235-.31 breakout, tg .385, historical high .39, bot .31. (03 Aug 06) Price 5 waves up, volumes 5 waves up, bullish setup. (15 Aug 06)
S68 SGX - db 3.10-3.82 breakout, tg 4.54, historical high 4.94, bot 3.86 (03 Aug 06). Cut 3.84 to avoid potential risk since a negative engulfing candle stick appeared on its daily chart. (08 Aug 06)
C86 China Sun - Consolidation area .745-.895 breakout, tg 1.04, but historical high 1.02, thus tg is adjusted to 1.01, bot .895 (03 Aug 06). Cut .865, lost 3.4% (07 Aug 06).
U96 Sembcorp - db 2.80-3.38 breakout, tg 3.96, but historical high 3.64, thus tg is adjusted to 3.62, buy order not filled (03 Aug 06). Bot 3.34, note today is xe day (04 Aug 06)
5EE Aqua Terra - db .245-.405 breakout, tg .56, but historical high .53 (adjusted for bonus issue), thus tg is adjusted to .52, bot .415 (04 Aug 06). Cut .375 since loss exceeded 10%, low .35, lost 9.6%, note breakout on 04 Aug 06 was a trap made by the major manipulator (07 Aug 06). Noted same thing happened for Chip Eng Seng, breakout is fake on 04 Aug 06, objective of fake breakout is to attract outsiders such as me to buy while he / she can sell as many as possible. Result no good, net profit published on 08 Aug 06 dropped 58%, leading to gap down of this counter this morning! Wondering who is manipulating this counter, SGX needs to investigate. (08 Aug 06) Read chart of AT, breakout is actually a valid one since it was accompanied with heavy volume on the breakout day. Now .455. A mistake to have sold it! Sold not based on sound judgment. (15 Aug 06)
U14 UOL - db 2.64-3.00 breakout, tg 3.36, but historical high 3.28, thus tg is adjusted to 3.26, bot 2.99 (04 Aug 06)
F95 China Fishery - db 2.16-2.84 breakout, tg 3.52, historical high 3.74 (04 Aug 06)
C29 Chip Eng Seng - db .17-.205 breakout, tg .24, former high .27 (04 Aug 06). Buy order .205 not filled (07 Aug 06). Bot .20 (queued at .205). Noted same thing as Aqua Terra happened for Chip Eng Seng, breakout is fake on 04 Aug 06, objective of fake breakout is to attract outsiders such as me to buy while manipulator(s) of this counter can sell as many as possible because he / she knows bad news is coming. It is not a surprise; net profit published on 08 Aug 06 dropped 58%, leading to gap down of this counter this morning! Wondering who is manipulating this counter, SGX needs to investigate. (08 Aug 06) Cut loss order at .20 not filled. (11 Aug 06) DB breakout is a valid one since it was accompanied with heavy volume on the breakout day. Hold existing position. (15 Aug 06)
C22 China Mer Pacif - db .72-.82 breakout, tg .92, former high .92 (04 Aug 06) Opportunity was given up since breakout was not accompanied with heavy volume. (15 Aug 06)
M09 Mediaring - Sold remaining half at .36 (queued at .355) with a small profit since a small double top formation was broken down yesterday, this triggered my profit taking level. (08 Aug 06) Read chart and found that a small db actually broke out with heavy volume, demonstrating that this is a valid breakout. Bot back at .35. (14 Aug 06)
T54 Star Hub - db 2.06-2.25 breakout, which is a valid breakout since this breakout was accompanied with heavy volume, bot 2.23, tg 2.44. (15 Aug 06)
U12 UTAC - DB breakout, nl .715. Weekly chart shows 5 down waves completed, and a positive engulfing, a morning star, and a db breakout with heavy volume. A significant rebound is likely from now on, tg .87 (rebound 50% of total loss from recent high to low). (16 Aug 06) Buy order at .715 not filled. (17 Aug 06)
B32 BH Global - New high, breakout, nl .315, bot .315. (17 Aug 06)
M29 MMI - db .655-.735 breakout, tg .815, former high .855, bot .74. This one is safe, bot at .735 for my family account also. (17 Aug 06)
K01 K1 Venture - db .30-.37 breakout, tg .44, bot .375. (17 Aug 06)
16 Aug 06
UTAC - DB breakout
Day trading of Mini Dow - bot 11258 (buy stop order 11256), sold 11281 (sell stop order 11281, which was supposed to be 11285 that was not revised timely due to computer system being slow, to upgrade virtual memory tonight)
UTAC - DB breakout
Day trading of Mini Dow - bot 11258 (buy stop order 11256), sold 11281 (sell stop order 11281, which was supposed to be 11285 that was not revised timely due to computer system being slow, to upgrade virtual memory tonight)
Labels: Futures Trading
15 August 2006
Top Trader - Trading to Rich
Stocks Update (15 Aug 06)
Note: Technicals of China stocks are weakening on weekly charts. (11 Aug 06)
Today (15 Aug 06) bottom formation breakouts have increased by another 0 to 25 in total for 122 stocks on my radar, which may signal STI has a requirement of further rebound to a target of 2472 (50% rebound of total loss from 2666 to 2278, target triggered at 2472 on 07 Aug 06) or even higher, say, 2517 (61.8% of total loss from 2666 to 2278), before wave C down wave sets in.
Dow 30 and SP500 have both broken out of their double bottom neckline resistances as of 04 Aug 06!
Thus I decided to buy every breakout to avoid missing potential opportunities such as GES, no bias any more. (11 Aug 06) After a few days of reflection, find that this method is not efficient. I decided to switch back to an efficient method proven before: buy valid db breakout only - breakout must be accompanied with heavy volume. This method was very successful when it was used during mid Jun to Mid Jul 06 bear rally, leading to recovery of more than 50% of total loss of paper profit caused by STI free fall from 2666 to 2278. So far Mediaring (bot .35) and Starhub (bot 2.23) have been identified as having such characteristics. (15 Aug 06)
Noted that slide of China plays began to accelerate on 07 Aug 06, divergent with general market, which is not a good sign. This may relate to macro economic control measures implemented by the Chinese government in recent few days. I also noted that China stocks in Shanghai and Shenzhen fell heavily in recent 3 weeks. That's why I attempted to clear majority of my positions related to China Plays to avoid potential risks. (07 Aug 06)
L26 Labroy Marine - nl 1.43, buy order not filled on 25/26/27/28/31 Jul 06 and 01 Aug 06 (02 Aug 06 update)
H78 HONGKONG LAND - db 3.34-3.80 tg 4.26, bot 3.82 on 24 Jul 06
G01 GES - db seems too small nl 1.05, not interested - a mistake, now (27 Jul 06) 1.22 due to Venture takeover offer of GES at 1.25
F33 FERROCHINA - db .56-.81 tg 1.06, bot 0.81 on 24 Jul 06, added 0.815 on 25 Jul 06, added .815 on 26 (?) Jul 06. Daiwa tg 1.00 (04 Aug 06). Cut all positions at .755 at a loss of 7.4% (07 Aug 06).
D05 DBS - nl 18.2 tg 19.2 former high, bot 18.3 on 25 Jul 06, added 18.2 on 27 Jul 06, added 18.2 on 28 Jul 06, added 18.2. (31 Jul 06) xd S$0.17 per share. (10 Aug 06)
C56 CELESTIAL - db seems too small, tg 1.60 (corrected) former rebound high, bot 1.42 on 25 Jul 06, high 1.54 on 27 Jul 06, close to tg 1.60, looking to take profit from tomorrow onwards, tg triggered, high 1.63 on 31 Jul 06, a bigger db nl at 1.60 has been broken out on 02 Aug 06, high 1.66, tg 2.10, historical high, bigger db tg is even high than this, greed comes, I decided to cancel profit taking for the time being since it is good time to buy rather than sell when the db nl is broken out(02 Aug 06). Merrill Lynch has a tg of 2.22 (03 Aug 06). Took profit at 1.54, profit 8.4%. (07 Aug 06)
Y62 Sino Env - rising triangle .565-.94, new high, blue line theory mentioned by The Art of Growing Money, chart formation target (tg) 1.31, bot .95 on 27 Jul 06, added .945 on 27 Jul 06, added .94 on 27 Jul 06, buy order at .94 and .94 not filled on 28 Jul 06, added 0.955 on 31 Jul 06, high .985. Cut 25% (correction) at .925, lost 2.6% (07 Aug 06). Sold 50% of original total positions at 1.00 since I saw a rising wedge on weekly chart last night. High 1.06. 25% positions left. (11 Aug 06) Surprise! Rising wedge broke out, up! which was supposed to break down. This is a bullish scenario! Major player is operating against common sense, demonstrating his / her strong financial muscle. Continue holding existing position, see how things pan out. (14 Aug 06)
F83 Cosco - 52 week new high, another blue line stock
T48 Singtel - db breakout, tg 2.76, nl 2.55, bot 2.52 on 28 Jul 06, added 2.52 on 28 Jul 06 (another account), high 2.59 (31 Jul 06). CitygroupSB tg 3.10, UOBKayHian tg 2.52, iocbc feels Singtel's result disappointing tg 3.02 maintains for now, CIMB-GK tg 2.82, KE tg 3.06 (03 Aug 06). DBS Vickers tg 3.04 (04 Aug 06). Ex-d S$0.10 per share (08 Aug 06)
T03 TAT - db breakout, nl 1.03
S72 SC Global - 52 week new high, nl 1.52
J36 JMH - db breakout, nl 18.4, buy order not filled on 28/31 Jul 06
U11 UOB - bot 15.5 on 31 Jul 06 on expectation of breakout of nl at 15.7, which was not achieved today (31 Jul 06), tg 17, the 52 weeks high (31 Jul 06), to add if 15.8 is traded, just read: DBS Vickers tg 17.8, iocbc tg 17.7, fox tg 17.98, ms overweight, ml tg 18.5, mac outperform, average tg 18, tg will be 17.1 if average tg 18 is discounted 5% (02 Aug 06). Added 15.7, breakout today at 15.8 (07 Aug 06). xd .20 per share. (14 Aug 06)
F12 Fibrechem - db breakout long time ago, tg 1.43, historical high, my tg 1.42, bot 1.22 on 31 Jul 06. KE tg 1.47, Philip tg 1.66 (03 Aug 06). Cut 1.08 since loss exceeded 10%, lost 11.5% (07 Aug 06).
D79 CG Tech - db .24-.35 breakout, tg .46, but historical high is .43, thus my tg .425, bot .35, high .36 (02 Aug 06). Keep it, cheap (07 Aug 06). Sold .355 to avoid potential risks, weekly charts of some other China plays not good. (11 Aug 06) Bot back at .36, 2Q result is very encouraging, easily worth .50 per share even if PE=5. Plan to average down if it falls 10%. Must have courage to rectify mistake made last Friday. After all, it is just a commission away to buy back, not a big deal. Making correct decision is more important than paying a commission. (15 Aug 06)
E90 China Sky - db .76-1.11 breakout, tg 1.46, but historical high is 1.32, thus my tg 1.31, bot 1.12, closed at 1.10 (02 Aug 06). Cut .96 since loss exceeded 10%, lost 14.3% (07 Aug 06).
M32 Midsouth - small db breakout, nl .555, tg .62 (recent rebound high), bot .56 (02 Aug 06). Keep it, solid result and bright prospect (07 Aug 06). Cut loss order at .53 not filled, China stocks weekly chart not good. (11 Aug 06)
5GJ Ausgroup - db .235-.31 breakout, tg .385, historical high .39, bot .31. (03 Aug 06) Price 5 waves up, volumes 5 waves up, bullish setup. (15 Aug 06)
S68 SGX - db 3.10-3.82 breakout, tg 4.54, historical high 4.94, bot 3.86 (03 Aug 06). Cut 3.84 to avoid potential risk since a negative engulfing candle stick appeared on its daily chart. (08 Aug 06)
C86 China Sun - Consolidation area .745-.895 breakout, tg 1.04, but historical high 1.02, thus tg is adjusted to 1.01, bot .895 (03 Aug 06). Cut .865, lost 3.4% (07 Aug 06).
U96 Sembcorp - db 2.80-3.38 breakout, tg 3.96, but historical high 3.64, thus tg is adjusted to 3.62, buy order not filled (03 Aug 06). Bot 3.34, note today is xe day (04 Aug 06)
5EE Aqua Terra - db .245-.405 breakout, tg .56, but historical high .53 (adjusted for bonus issue), thus tg is adjusted to .52, bot .415 (04 Aug 06). Cut .375 since loss exceeded 10%, low .35, lost 9.6%, note breakout on 04 Aug 06 was a trap made by the major manipulator (07 Aug 06). Noted same thing happened for Chip Eng Seng, breakout is fake on 04 Aug 06, objective of fake breakout is to attract outsiders such as me to buy while he / she can sell as many as possible. Result no good, net profit published on 08 Aug 06 dropped 58%, leading to gap down of this counter this morning! Wondering who is manipulating this counter, SGX needs to investigate. (08 Aug 06) Read chart of AT, breakout is actually a valid one since it was accompanied with heavy volume on the breakout day. Now .455. A mistake to have sold it! Sold not based on sound judgment. (15 Aug 06)
U14 UOL - db 2.64-3.00 breakout, tg 3.36, but historical high 3.28, thus tg is adjusted to 3.26, bot 2.99 (04 Aug 06)
F95 China Fishery - db 2.16-2.84 breakout, tg 3.52, historical high 3.74 (04 Aug 06)
C29 Chip Eng Seng - db .17-.205 breakout, tg .24, former high .27 (04 Aug 06). Buy order .205 not filled (07 Aug 06). Bot .20 (queued at .205). Noted same thing as Aqua Terra happened for Chip Eng Seng, breakout is fake on 04 Aug 06, objective of fake breakout is to attract outsiders such as me to buy while manipulator(s) of this counter can sell as many as possible because he / she knows bad news is coming. It is not a surprise; net profit published on 08 Aug 06 dropped 58%, leading to gap down of this counter this morning! Wondering who is manipulating this counter, SGX needs to investigate. (08 Aug 06) Cut loss order at .20 not filled. (11 Aug 06) DB breakout is a valid one since it was accompanied with heavy volume on the breakout day. Hold existing position. (15 Aug 06)
C22 China Mer Pacif - db .72-.82 breakout, tg .92, former high .92 (04 Aug 06) Opportunity was given up since breakout was not accompanied with heavy volume. (15 Aug 06)
M09 Mediaring - Sold remaining half at .36 (queued at .355) with a small profit since a small double top formation was broken down yesterday, this triggered my profit taking level. (08 Aug 06) Read chart and found that a small db actually broke out with heavy volume, demonstrating that this is a valid breakout. Bot back at .35. (14 Aug 06)
T54 Star Hub - Valid db breakout, bot 2.23 since breakout was accompanied with heavy volume. (15 Aug 06)
Stocks Update (15 Aug 06)
Note: Technicals of China stocks are weakening on weekly charts. (11 Aug 06)
Today (15 Aug 06) bottom formation breakouts have increased by another 0 to 25 in total for 122 stocks on my radar, which may signal STI has a requirement of further rebound to a target of 2472 (50% rebound of total loss from 2666 to 2278, target triggered at 2472 on 07 Aug 06) or even higher, say, 2517 (61.8% of total loss from 2666 to 2278), before wave C down wave sets in.
Dow 30 and SP500 have both broken out of their double bottom neckline resistances as of 04 Aug 06!
Thus I decided to buy every breakout to avoid missing potential opportunities such as GES, no bias any more. (11 Aug 06) After a few days of reflection, find that this method is not efficient. I decided to switch back to an efficient method proven before: buy valid db breakout only - breakout must be accompanied with heavy volume. This method was very successful when it was used during mid Jun to Mid Jul 06 bear rally, leading to recovery of more than 50% of total loss of paper profit caused by STI free fall from 2666 to 2278. So far Mediaring (bot .35) and Starhub (bot 2.23) have been identified as having such characteristics. (15 Aug 06)
Noted that slide of China plays began to accelerate on 07 Aug 06, divergent with general market, which is not a good sign. This may relate to macro economic control measures implemented by the Chinese government in recent few days. I also noted that China stocks in Shanghai and Shenzhen fell heavily in recent 3 weeks. That's why I attempted to clear majority of my positions related to China Plays to avoid potential risks. (07 Aug 06)
L26 Labroy Marine - nl 1.43, buy order not filled on 25/26/27/28/31 Jul 06 and 01 Aug 06 (02 Aug 06 update)
H78 HONGKONG LAND - db 3.34-3.80 tg 4.26, bot 3.82 on 24 Jul 06
G01 GES - db seems too small nl 1.05, not interested - a mistake, now (27 Jul 06) 1.22 due to Venture takeover offer of GES at 1.25
F33 FERROCHINA - db .56-.81 tg 1.06, bot 0.81 on 24 Jul 06, added 0.815 on 25 Jul 06, added .815 on 26 (?) Jul 06. Daiwa tg 1.00 (04 Aug 06). Cut all positions at .755 at a loss of 7.4% (07 Aug 06).
D05 DBS - nl 18.2 tg 19.2 former high, bot 18.3 on 25 Jul 06, added 18.2 on 27 Jul 06, added 18.2 on 28 Jul 06, added 18.2. (31 Jul 06) xd S$0.17 per share. (10 Aug 06)
C56 CELESTIAL - db seems too small, tg 1.60 (corrected) former rebound high, bot 1.42 on 25 Jul 06, high 1.54 on 27 Jul 06, close to tg 1.60, looking to take profit from tomorrow onwards, tg triggered, high 1.63 on 31 Jul 06, a bigger db nl at 1.60 has been broken out on 02 Aug 06, high 1.66, tg 2.10, historical high, bigger db tg is even high than this, greed comes, I decided to cancel profit taking for the time being since it is good time to buy rather than sell when the db nl is broken out(02 Aug 06). Merrill Lynch has a tg of 2.22 (03 Aug 06). Took profit at 1.54, profit 8.4%. (07 Aug 06)
Y62 Sino Env - rising triangle .565-.94, new high, blue line theory mentioned by The Art of Growing Money, chart formation target (tg) 1.31, bot .95 on 27 Jul 06, added .945 on 27 Jul 06, added .94 on 27 Jul 06, buy order at .94 and .94 not filled on 28 Jul 06, added 0.955 on 31 Jul 06, high .985. Cut 25% (correction) at .925, lost 2.6% (07 Aug 06). Sold 50% of original total positions at 1.00 since I saw a rising wedge on weekly chart last night. High 1.06. 25% positions left. (11 Aug 06) Surprise! Rising wedge broke out, up! which was supposed to break down. This is a bullish scenario! Major player is operating against common sense, demonstrating his / her strong financial muscle. Continue holding existing position, see how things pan out. (14 Aug 06)
F83 Cosco - 52 week new high, another blue line stock
T48 Singtel - db breakout, tg 2.76, nl 2.55, bot 2.52 on 28 Jul 06, added 2.52 on 28 Jul 06 (another account), high 2.59 (31 Jul 06). CitygroupSB tg 3.10, UOBKayHian tg 2.52, iocbc feels Singtel's result disappointing tg 3.02 maintains for now, CIMB-GK tg 2.82, KE tg 3.06 (03 Aug 06). DBS Vickers tg 3.04 (04 Aug 06). Ex-d S$0.10 per share (08 Aug 06)
T03 TAT - db breakout, nl 1.03
S72 SC Global - 52 week new high, nl 1.52
J36 JMH - db breakout, nl 18.4, buy order not filled on 28/31 Jul 06
U11 UOB - bot 15.5 on 31 Jul 06 on expectation of breakout of nl at 15.7, which was not achieved today (31 Jul 06), tg 17, the 52 weeks high (31 Jul 06), to add if 15.8 is traded, just read: DBS Vickers tg 17.8, iocbc tg 17.7, fox tg 17.98, ms overweight, ml tg 18.5, mac outperform, average tg 18, tg will be 17.1 if average tg 18 is discounted 5% (02 Aug 06). Added 15.7, breakout today at 15.8 (07 Aug 06). xd .20 per share. (14 Aug 06)
F12 Fibrechem - db breakout long time ago, tg 1.43, historical high, my tg 1.42, bot 1.22 on 31 Jul 06. KE tg 1.47, Philip tg 1.66 (03 Aug 06). Cut 1.08 since loss exceeded 10%, lost 11.5% (07 Aug 06).
D79 CG Tech - db .24-.35 breakout, tg .46, but historical high is .43, thus my tg .425, bot .35, high .36 (02 Aug 06). Keep it, cheap (07 Aug 06). Sold .355 to avoid potential risks, weekly charts of some other China plays not good. (11 Aug 06) Bot back at .36, 2Q result is very encouraging, easily worth .50 per share even if PE=5. Plan to average down if it falls 10%. Must have courage to rectify mistake made last Friday. After all, it is just a commission away to buy back, not a big deal. Making correct decision is more important than paying a commission. (15 Aug 06)
E90 China Sky - db .76-1.11 breakout, tg 1.46, but historical high is 1.32, thus my tg 1.31, bot 1.12, closed at 1.10 (02 Aug 06). Cut .96 since loss exceeded 10%, lost 14.3% (07 Aug 06).
M32 Midsouth - small db breakout, nl .555, tg .62 (recent rebound high), bot .56 (02 Aug 06). Keep it, solid result and bright prospect (07 Aug 06). Cut loss order at .53 not filled, China stocks weekly chart not good. (11 Aug 06)
5GJ Ausgroup - db .235-.31 breakout, tg .385, historical high .39, bot .31. (03 Aug 06) Price 5 waves up, volumes 5 waves up, bullish setup. (15 Aug 06)
S68 SGX - db 3.10-3.82 breakout, tg 4.54, historical high 4.94, bot 3.86 (03 Aug 06). Cut 3.84 to avoid potential risk since a negative engulfing candle stick appeared on its daily chart. (08 Aug 06)
C86 China Sun - Consolidation area .745-.895 breakout, tg 1.04, but historical high 1.02, thus tg is adjusted to 1.01, bot .895 (03 Aug 06). Cut .865, lost 3.4% (07 Aug 06).
U96 Sembcorp - db 2.80-3.38 breakout, tg 3.96, but historical high 3.64, thus tg is adjusted to 3.62, buy order not filled (03 Aug 06). Bot 3.34, note today is xe day (04 Aug 06)
5EE Aqua Terra - db .245-.405 breakout, tg .56, but historical high .53 (adjusted for bonus issue), thus tg is adjusted to .52, bot .415 (04 Aug 06). Cut .375 since loss exceeded 10%, low .35, lost 9.6%, note breakout on 04 Aug 06 was a trap made by the major manipulator (07 Aug 06). Noted same thing happened for Chip Eng Seng, breakout is fake on 04 Aug 06, objective of fake breakout is to attract outsiders such as me to buy while he / she can sell as many as possible. Result no good, net profit published on 08 Aug 06 dropped 58%, leading to gap down of this counter this morning! Wondering who is manipulating this counter, SGX needs to investigate. (08 Aug 06) Read chart of AT, breakout is actually a valid one since it was accompanied with heavy volume on the breakout day. Now .455. A mistake to have sold it! Sold not based on sound judgment. (15 Aug 06)
U14 UOL - db 2.64-3.00 breakout, tg 3.36, but historical high 3.28, thus tg is adjusted to 3.26, bot 2.99 (04 Aug 06)
F95 China Fishery - db 2.16-2.84 breakout, tg 3.52, historical high 3.74 (04 Aug 06)
C29 Chip Eng Seng - db .17-.205 breakout, tg .24, former high .27 (04 Aug 06). Buy order .205 not filled (07 Aug 06). Bot .20 (queued at .205). Noted same thing as Aqua Terra happened for Chip Eng Seng, breakout is fake on 04 Aug 06, objective of fake breakout is to attract outsiders such as me to buy while manipulator(s) of this counter can sell as many as possible because he / she knows bad news is coming. It is not a surprise; net profit published on 08 Aug 06 dropped 58%, leading to gap down of this counter this morning! Wondering who is manipulating this counter, SGX needs to investigate. (08 Aug 06) Cut loss order at .20 not filled. (11 Aug 06) DB breakout is a valid one since it was accompanied with heavy volume on the breakout day. Hold existing position. (15 Aug 06)
C22 China Mer Pacif - db .72-.82 breakout, tg .92, former high .92 (04 Aug 06) Opportunity was given up since breakout was not accompanied with heavy volume. (15 Aug 06)
M09 Mediaring - Sold remaining half at .36 (queued at .355) with a small profit since a small double top formation was broken down yesterday, this triggered my profit taking level. (08 Aug 06) Read chart and found that a small db actually broke out with heavy volume, demonstrating that this is a valid breakout. Bot back at .35. (14 Aug 06)
T54 Star Hub - Valid db breakout, bot 2.23 since breakout was accompanied with heavy volume. (15 Aug 06)
11 August 2006
Stocks Update (11 Aug 06)
Note: Technicals of China stocks are weakening on weekly charts. (11 Aug 06)
Today (11 Aug 06) bottom formation breakouts have increased by another 0 to 25 in total for 122 stocks on my radar, which may signal STI has a requirement of further rebound to a target of 2472 (50% rebound of total loss from 2666 to 2278, target triggered at 2472 on 07 Aug 06) or even higher, say, 2517 (61.8% of total loss from 2666 to 2278), before wave C down wave sets in.
Dow 30 and SP500 have both broken out of their double bottom neckline resistances as of 04 Aug 06!
Thus I decided to buy every breakout to avoid missing potential opportunities such as GES, no bias any more.
Noted that slide of China plays began to accelarate on 07 Aug 06, divergent with general market, which is not a good sign. This may relate to macro economic control measures implemented by the Chinese government in recent few days. Also noted that China stocks in Shanghai and Shenzhen fell heavily in recent 3 weeks. That's why I attempted to clear majority of my positions related to China Plays to avoid further potential risks. (07 Aug 06)
L26 Labroy Marine - nl 1.43, buy order not filled on 25/26/27/28/31 Jul 06 and 01 Aug 06 (02 Aug 06 update)
H78 HONGKONG LAND - db 3.34-3.80 tg 4.26, bot 3.82 on 24 Jul 06
G01 GES - db seems too small nl 1.05, not inetrested - a mistake, now (27 Jul 06) 1.22 due to Venture takeover offer of GES at 1.25
F33 FERROCHINA - db .56-.81 tg 1.06, bot 0.81 on 24 Jul 06, added 0.815 on 25 Jul 06, added .815 on 26 (?) Jul 06. Daiwa tg 1.00 (04 Aug 06). Cut all positions at .755 at a loss of 7.4% (07 Aug 06).
D05 DBS - nl 18.2 tg 19.2 former high, bot 18.3 on 25 Jul 06, added 18.2 on 27 Jul 06, added 18.2 on 28 Jul 06, added 18.2. (31 Jul 06) xd S$0.17 per share. (10 Aug 06)
C56 CELESTIAL - db seems too small, tg 1.60 (corrected) former rebound high, bot 1.42 on 25 Jul 06, high 1.54 on 27 Jul 06, close to tg 1.60, looking to take profit from tomorrow onwards, tg triggered, high 1.63 on 31 Jul 06, a bigger db nl at 1.60 has been broken out on 02 Aug 06, high 1.66, tg 2.10, historical high, bigger db tg is even high than this, greed comes, I decided to cancel profit taking for the time being since it is good time to buy rather than sell when the db nl is broken out(02 Aug 06). Merrill Lynch has a tg of 2.22 (03 Aug 06). Took profit at 1.54, profit 8.4%(07 Aug 06).
Y62 Sino Env - rising triangle .565-.94, new high, blueline theory mentioned by The Art of Growing Money, chart formation target (tg) 1.31, bot .95 on 27 Jul 06, added .945 on 27 Jul 06, added .94 on 27 Jul 06, buy order at .94 and .94 not filled on 28 Jul 06, added 0.955 on 31 Jul 06, high .985. Cut 25% (correction) at .925, lost 2.6% (07 Aug 06). Sold 50% of original total positions at 1.00 since I saw a rising wedge on weekly chart last night. High 1.06. 25% positions left. (11 Aug 06)
F83 Cosco - 52 week new high, Another blue line stock
T48 Singtel - db breakout, tg 2.76, nl 2.55, bot 2.52 on 28 Jul 06, added 2.52 on 28 Jul 06 (another account), high 2.59 (31 Jul 06). CitygroupSB tg 3.10, UOBKayHian tg 2.52, iocbc feels Singtel's result disapointing tg 3.02 maintains for now, CIMB-GK tg 2.82, KE tg 3.06 (03 Aug 06). DBS Vickers tg 3.04 (04 Aug 06). Ex-d S$0.10 per share (08 Aug 06)
T03 TAT - db breakout, nl 1.03
S72 SC Global - 52 week new high, nl 1.52
J36 JMH - db breakout, nl 18.4, buy order not filled on 28/31 Jul 06
U11 UOB - bot 15.5 on 31 Jul 06 on expectation of breakout of nl at 15.7, which was not achieved today (31 Jul 06), tg 17, the 52 weeks high (31 Jul 06), to add if 15.8 is traded, just read : DBS Vickers tg 17.8, iocbc tg 17.7, fox tg 17.98, ms overweight, ml tg 18.5, mac outperform, average tg 18, tg will be 17.1 if average tg 18 is discounted 5% (02 Aug 06). Added 15.7, breakout today at 15.8 (07 Aug 06).
F12 Fibrechem - db breakout long time ago, tg 1.43, historical high, my tg 1.42, bot 1.22 on 31 Jul 06. KE tg 1.47, Philip tg 1.66 (03 Aug 06). Cut 1.08 since loss exceeded 10%, lost 11.5% (07 Aug 06).
D79 CG Tech - db .24-.35 breakout, tg .46, but historical high is .43, thus my tg .425, bot .35, high .36 (02 Aug 06). Keep it, cheap (07 Aug 06). Sold .355 to avoid potential risks, weekly charts of China plays not good. (11 Aug 06)
E90 China Sky - db .76-1.11 breakout, tg 1.46, but historical high is 1.32, thus my tg 1.31, bot 1.12, closed at 1.10 (02 Aug 06). Cut .96 since loss exceeded 10%, lost 14.3% (07 Aug 06).
M32 Midsouth - small db breakout, nl .555, tg .62 (recent rebound high), bot .56 (02 Aug 06). Keep it, solid result and bright prospect (07 Aug 06). Cut loss order at .53 not filled, China stocks weekly chart not good. (11 Aug 06)
5GJ Ausgroup - db .235-.31 breakout, tg .385, historical high .39, bot .31 (03 Aug 06)
S68 SGX - db 3.10-3.82 breakout, tg 4.54, historical high 4.94, bot 3.86 (03 Aug 06). Cut 3.84 to avoid potential risk since a negative engulfing candle stick appeared on its daily chart. (08 Aug 06)
C86 China Sun - consolidation area .745-.895 breakout, tg 1.04, but historical high 1.02, thus tg is adjusted to 1.01, bot .895 (03 Aug 06). Cut .865, lost 3.4% (07 Aug 06).
U96 Sembcorp - db 2.80-3.38 breakout, tg 3.96, but historical high 3.64, thus tg is adjusted to 3.62, buy order not filled (03 Aug 06). Bot 3.34, note today is xe day (04 Aug 06)
5EE Aqua Terra - db .245-.405 breakout, tg .56, but historical high .53 (adjusted for bonus issue), thus tg is adjusted to .52, bot .415 (04 Aug 06). Cut .375 since loss exceeded 10%, low .35, lost 9.6%, note breakout on 04 Aug 06 was a trap made by the major manipulator (07 Aug 06). Noted same thing happened for Chip Eng Seng, breakout is fake on 04 Aug 06, objective of fake breakout is to attract outsiders such as me to buy while he / she can sell as many as possible. Result no good, net profit publised on 08 Aug 06 dropped 58%, leading to gap down of this counter this morning! Wondering who is manipulating this counter, SGX needs to investigate. (08 Aug 06)
U14 UOL - db 2.64-3.00 breakout, tg 3.36, but historical high 3.28, thus tg is adjusted to 3.26, bot 2.99 (04 Aug 06)
F95 China Fishery - db 2.16-2.84 breakout, tg 3.52, historical high 3.74 (04 Aug 06)
C29 Chip Eng Seng - db .17-.205 breakout, tg .24, former high .27 (04 Aug 06). Buy ordre .205 not filled (07 Aug 06). Bot .20 (queued at .205). Noted same thing as Aqua Terra happened for Chip Eng Seng, breakout is fake on 04 Aug 06, objective of fake breakout is to attract outsiders such as me to buy while manipulator(s) of this counter can sell as many as possible because he / she knows bad news is coming. It is not a surprise, net profit publised on 08 Aug 06 dropped 58%, leading to gap down of this counter this morning! Wondering who is manipulating this counter, SGX needs to investigate. (08 Aug 06) Cut loss order at .20 not filled. (11 Aug 06)
C22 China Mer Pacif - db .72-.82 breakout, tg .92, former high .92 (04 Aug 06)
(Record: M09 Mediaring - Sold remaining half at .36 (queued at .355) with a samll profit since a small double top formation was broken down yesterday, which triggered my profit taking level. (08 Aug 06))
Note: Technicals of China stocks are weakening on weekly charts. (11 Aug 06)
Today (11 Aug 06) bottom formation breakouts have increased by another 0 to 25 in total for 122 stocks on my radar, which may signal STI has a requirement of further rebound to a target of 2472 (50% rebound of total loss from 2666 to 2278, target triggered at 2472 on 07 Aug 06) or even higher, say, 2517 (61.8% of total loss from 2666 to 2278), before wave C down wave sets in.
Dow 30 and SP500 have both broken out of their double bottom neckline resistances as of 04 Aug 06!
Thus I decided to buy every breakout to avoid missing potential opportunities such as GES, no bias any more.
Noted that slide of China plays began to accelarate on 07 Aug 06, divergent with general market, which is not a good sign. This may relate to macro economic control measures implemented by the Chinese government in recent few days. Also noted that China stocks in Shanghai and Shenzhen fell heavily in recent 3 weeks. That's why I attempted to clear majority of my positions related to China Plays to avoid further potential risks. (07 Aug 06)
L26 Labroy Marine - nl 1.43, buy order not filled on 25/26/27/28/31 Jul 06 and 01 Aug 06 (02 Aug 06 update)
H78 HONGKONG LAND - db 3.34-3.80 tg 4.26, bot 3.82 on 24 Jul 06
G01 GES - db seems too small nl 1.05, not inetrested - a mistake, now (27 Jul 06) 1.22 due to Venture takeover offer of GES at 1.25
F33 FERROCHINA - db .56-.81 tg 1.06, bot 0.81 on 24 Jul 06, added 0.815 on 25 Jul 06, added .815 on 26 (?) Jul 06. Daiwa tg 1.00 (04 Aug 06). Cut all positions at .755 at a loss of 7.4% (07 Aug 06).
D05 DBS - nl 18.2 tg 19.2 former high, bot 18.3 on 25 Jul 06, added 18.2 on 27 Jul 06, added 18.2 on 28 Jul 06, added 18.2. (31 Jul 06) xd S$0.17 per share. (10 Aug 06)
C56 CELESTIAL - db seems too small, tg 1.60 (corrected) former rebound high, bot 1.42 on 25 Jul 06, high 1.54 on 27 Jul 06, close to tg 1.60, looking to take profit from tomorrow onwards, tg triggered, high 1.63 on 31 Jul 06, a bigger db nl at 1.60 has been broken out on 02 Aug 06, high 1.66, tg 2.10, historical high, bigger db tg is even high than this, greed comes, I decided to cancel profit taking for the time being since it is good time to buy rather than sell when the db nl is broken out(02 Aug 06). Merrill Lynch has a tg of 2.22 (03 Aug 06). Took profit at 1.54, profit 8.4%(07 Aug 06).
Y62 Sino Env - rising triangle .565-.94, new high, blueline theory mentioned by The Art of Growing Money, chart formation target (tg) 1.31, bot .95 on 27 Jul 06, added .945 on 27 Jul 06, added .94 on 27 Jul 06, buy order at .94 and .94 not filled on 28 Jul 06, added 0.955 on 31 Jul 06, high .985. Cut 25% (correction) at .925, lost 2.6% (07 Aug 06). Sold 50% of original total positions at 1.00 since I saw a rising wedge on weekly chart last night. High 1.06. 25% positions left. (11 Aug 06)
F83 Cosco - 52 week new high, Another blue line stock
T48 Singtel - db breakout, tg 2.76, nl 2.55, bot 2.52 on 28 Jul 06, added 2.52 on 28 Jul 06 (another account), high 2.59 (31 Jul 06). CitygroupSB tg 3.10, UOBKayHian tg 2.52, iocbc feels Singtel's result disapointing tg 3.02 maintains for now, CIMB-GK tg 2.82, KE tg 3.06 (03 Aug 06). DBS Vickers tg 3.04 (04 Aug 06). Ex-d S$0.10 per share (08 Aug 06)
T03 TAT - db breakout, nl 1.03
S72 SC Global - 52 week new high, nl 1.52
J36 JMH - db breakout, nl 18.4, buy order not filled on 28/31 Jul 06
U11 UOB - bot 15.5 on 31 Jul 06 on expectation of breakout of nl at 15.7, which was not achieved today (31 Jul 06), tg 17, the 52 weeks high (31 Jul 06), to add if 15.8 is traded, just read : DBS Vickers tg 17.8, iocbc tg 17.7, fox tg 17.98, ms overweight, ml tg 18.5, mac outperform, average tg 18, tg will be 17.1 if average tg 18 is discounted 5% (02 Aug 06). Added 15.7, breakout today at 15.8 (07 Aug 06).
F12 Fibrechem - db breakout long time ago, tg 1.43, historical high, my tg 1.42, bot 1.22 on 31 Jul 06. KE tg 1.47, Philip tg 1.66 (03 Aug 06). Cut 1.08 since loss exceeded 10%, lost 11.5% (07 Aug 06).
D79 CG Tech - db .24-.35 breakout, tg .46, but historical high is .43, thus my tg .425, bot .35, high .36 (02 Aug 06). Keep it, cheap (07 Aug 06). Sold .355 to avoid potential risks, weekly charts of China plays not good. (11 Aug 06)
E90 China Sky - db .76-1.11 breakout, tg 1.46, but historical high is 1.32, thus my tg 1.31, bot 1.12, closed at 1.10 (02 Aug 06). Cut .96 since loss exceeded 10%, lost 14.3% (07 Aug 06).
M32 Midsouth - small db breakout, nl .555, tg .62 (recent rebound high), bot .56 (02 Aug 06). Keep it, solid result and bright prospect (07 Aug 06). Cut loss order at .53 not filled, China stocks weekly chart not good. (11 Aug 06)
5GJ Ausgroup - db .235-.31 breakout, tg .385, historical high .39, bot .31 (03 Aug 06)
S68 SGX - db 3.10-3.82 breakout, tg 4.54, historical high 4.94, bot 3.86 (03 Aug 06). Cut 3.84 to avoid potential risk since a negative engulfing candle stick appeared on its daily chart. (08 Aug 06)
C86 China Sun - consolidation area .745-.895 breakout, tg 1.04, but historical high 1.02, thus tg is adjusted to 1.01, bot .895 (03 Aug 06). Cut .865, lost 3.4% (07 Aug 06).
U96 Sembcorp - db 2.80-3.38 breakout, tg 3.96, but historical high 3.64, thus tg is adjusted to 3.62, buy order not filled (03 Aug 06). Bot 3.34, note today is xe day (04 Aug 06)
5EE Aqua Terra - db .245-.405 breakout, tg .56, but historical high .53 (adjusted for bonus issue), thus tg is adjusted to .52, bot .415 (04 Aug 06). Cut .375 since loss exceeded 10%, low .35, lost 9.6%, note breakout on 04 Aug 06 was a trap made by the major manipulator (07 Aug 06). Noted same thing happened for Chip Eng Seng, breakout is fake on 04 Aug 06, objective of fake breakout is to attract outsiders such as me to buy while he / she can sell as many as possible. Result no good, net profit publised on 08 Aug 06 dropped 58%, leading to gap down of this counter this morning! Wondering who is manipulating this counter, SGX needs to investigate. (08 Aug 06)
U14 UOL - db 2.64-3.00 breakout, tg 3.36, but historical high 3.28, thus tg is adjusted to 3.26, bot 2.99 (04 Aug 06)
F95 China Fishery - db 2.16-2.84 breakout, tg 3.52, historical high 3.74 (04 Aug 06)
C29 Chip Eng Seng - db .17-.205 breakout, tg .24, former high .27 (04 Aug 06). Buy ordre .205 not filled (07 Aug 06). Bot .20 (queued at .205). Noted same thing as Aqua Terra happened for Chip Eng Seng, breakout is fake on 04 Aug 06, objective of fake breakout is to attract outsiders such as me to buy while manipulator(s) of this counter can sell as many as possible because he / she knows bad news is coming. It is not a surprise, net profit publised on 08 Aug 06 dropped 58%, leading to gap down of this counter this morning! Wondering who is manipulating this counter, SGX needs to investigate. (08 Aug 06) Cut loss order at .20 not filled. (11 Aug 06)
C22 China Mer Pacif - db .72-.82 breakout, tg .92, former high .92 (04 Aug 06)
(Record: M09 Mediaring - Sold remaining half at .36 (queued at .355) with a samll profit since a small double top formation was broken down yesterday, which triggered my profit taking level. (08 Aug 06))
09 August 2006
Rate Policy Decision - US Federal Open Market Committee
Release Date: August 8, 2006
For immediate release
The US Federal Open Market Committee decided today to keep its target for the federal funds rate at 5-1/4 percent.
Economic growth has moderated from its quite strong pace earlier this year, partly reflecting a gradual cooling of the housing market and the lagged effects of increases in interest rates and energy prices.
Readings on core inflation have been elevated in recent months, and the high levels of resource utilization and of the prices of energy and other commodities have the potential to sustain inflation pressures. However, inflation pressures seem likely to moderate over time, reflecting contained inflation expectations and the cumulative effects of monetary policy actions and other factors restraining aggregate demand.
Nonetheless, the Committee judges that some inflation risks remain. The extent and timing of any additional firming that may be needed to address these risks will depend on the evolution of the outlook for both inflation and economic growth, as implied by incoming information.
Voting for the FOMC monetary policy action were: Ben S. Bernanke, Chairman; Timothy F. Geithner, Vice Chairman; Susan S. Bies; Jack Guynn; Donald L. Kohn; Randall S. Kroszner; Sandra Pianalto; Kevin M. Warsh; and Janet L. Yellen. Voting against was Jeffrey M. Lacker, who preferred an increase of 25 basis points in the federal funds rate target at this meeting.
Release Date: August 8, 2006
For immediate release
The US Federal Open Market Committee decided today to keep its target for the federal funds rate at 5-1/4 percent.
Economic growth has moderated from its quite strong pace earlier this year, partly reflecting a gradual cooling of the housing market and the lagged effects of increases in interest rates and energy prices.
Readings on core inflation have been elevated in recent months, and the high levels of resource utilization and of the prices of energy and other commodities have the potential to sustain inflation pressures. However, inflation pressures seem likely to moderate over time, reflecting contained inflation expectations and the cumulative effects of monetary policy actions and other factors restraining aggregate demand.
Nonetheless, the Committee judges that some inflation risks remain. The extent and timing of any additional firming that may be needed to address these risks will depend on the evolution of the outlook for both inflation and economic growth, as implied by incoming information.
Voting for the FOMC monetary policy action were: Ben S. Bernanke, Chairman; Timothy F. Geithner, Vice Chairman; Susan S. Bies; Jack Guynn; Donald L. Kohn; Randall S. Kroszner; Sandra Pianalto; Kevin M. Warsh; and Janet L. Yellen. Voting against was Jeffrey M. Lacker, who preferred an increase of 25 basis points in the federal funds rate target at this meeting.
08 August 2006
Stocks Update (08 Aug 06)
Today (08 Aug 06) bottom formation breakouts have increased by another 0 to 25 in total for 122 stocks on my radar, which may signal STI has a requirement of further rebound to a target of 2472 (50% rebound of total loss from 2666 to 2278, target triggered at 2472 on 07 Aug 06) or even higher, say, 2517 (61.8% of total loss from 2666 to 2278), before wave C down wave sets in.
Dow 30 and SP500 have both broken out of their double bottom neckline resistances as of 04 Aug 06!
Thus I decided to buy every breakout to avoid missing potential opportunities such as GES, no bias any more.
Noted that slide of China plays began to accelarate on 07 Aug 06, divergent with general market, which is not a good sign. This may relate to macro economic control measures implemented by the Chinese government in recent few days. Also noted that China stocks in Shanghai and Shenzhen fell heavily in recent 3 weeks. That's why I attempted to clear majority of my positions related to China Plays to avoid further potential risks. (07 Aug 06)
L26 Labroy Marine - nl 1.43, buy order not filled on 25/26/27/28/31 Jul 06 and 01 Aug 06 (02 Aug 06 update)
H78 HONGKONG LAND - db 3.34-3.80 tg 4.26, bot 3.82 on 24 Jul 06
G01 GES - db seems too small nl 1.05, not inetrested - a mistake, now (27 Jul 06) 1.22 due to Venture takeover offer of GES at 1.25
F33 FERROCHINA - db .56-.81 tg 1.06, bot 0.81 on 24 Jul 06, added 0.815 on 25 Jul 06, added .815 on 26 (?) Jul 06. Daiwa tg 1.00 (04 Aug 06). Cut all positions at .755 at a loss of 7.4% (07 Aug 06).
D05 DBS - nl 18.2 tg 19.2 former high, bot 18.3 on 25 Jul 06, added 18.2 on 27 Jul 06, added 18.2 on 28 Jul 06, added 18.2 on 31 Jul 06
C56 CELESTIAL - db seems too small, tg 1.60 (corrected) former rebound high, bot 1.42 on 25 Jul 06, high 1.54 on 27 Jul 06, close to tg 1.60, looking to take profit from tomorrow onwards, tg triggered, high 1.63 on 31 Jul 06, a bigger db nl at 1.60 has been broken out on 02 Aug 06, high 1.66, tg 2.10, historical high, bigger db tg is even high than this, greed comes, I decided to cancel profit taking for the time being since it is good time to buy rather than sell when the db nl is broken out(02 Aug 06). Merrill Lynch has a tg of 2.22 (03 Aug 06). Took profit at 1.54, profit 8.4%(07 Aug 06).
Y62 Sino Env - rising triangle .565-.94, new high, blueline theory mentioned by The Art of Growing Money, chart formation target (tg) 1.31, bot .95 on 27 Jul 06, added .945 on 27 Jul 06, added .94 on 27 Jul 06, buy order at .94 and .94 not filled on 28 Jul 06, added 0.955 on 31 Jul 06, high .985. Cut 1/3 at .925, lost 2.6%(07 Aug 06).
F83 Cosco - 52 week new high, Another blue line stock
T48 Singtel - db breakout, tg 2.76, nl 2.55, bot 2.52 on 28 Jul 06, added 2.52 on 28 Jul 06 (another account), high 2.59 (31 Jul 06). CitygroupSB tg 3.10, UOBKayHian tg 2.52, iocbc feels Singtel's result disapointing tg 3.02 maintains for now, CIMB-GK tg 2.82, KE tg 3.06 (03 Aug 06). DBS Vickers tg 3.04 (04 Aug 06). Ex-d S$0.10 per share (08 Aug 06)
T03 TAT - db breakout, nl 1.03
S72 SC Global - 52 week new high, nl 1.52
J36 JMH - db breakout, nl 18.4, buy order not filled on 28/31 Jul 06
U11 UOB - bot 15.5 on 31 Jul 06 on expectation of breakout of nl at 15.7, which was not achieved today (31 Jul 06), tg 17, the 52 weeks high (31 Jul 06), to add if 15.8 is traded, just read : DBS Vickers tg 17.8, iocbc tg 17.7, fox tg 17.98, ms overweight, ml tg 18.5, mac outperform, average tg 18, tg will be 17.1 if average tg 18 is discounted 5% (02 Aug 06). Added 15.7, breakout today at 15.8 (07 Aug 06).
F12 Fibrechem - db breakout long time ago, tg 1.43, historical high, my tg 1.42, bot 1.22 on 31 Jul 06. KE tg 1.47, Philip tg 1.66 (03 Aug 06). Cut 1.08 since loss exceeded 10%, lost 11.5% (07 Aug 06).
D79 CG Tech - db .24-.35 breakout, tg .46, but historical high is .43, thus my tg .425, bot .35, high .36 (02 Aug 06). Keep it, cheap (07 Aug 06).
E90 China Sky - db .76-1.11 breakout, tg 1.46, but historical high is 1.32, thus my tg 1.31, bot 1.12, closed at 1.10 (02 Aug 06). Cut .96 since loss exceeded 10%, lost 14.3% (07 Aug 06).
M32 Midsouth - small db breakout, nl .555, tg .62 (recent rebound high), bot .56 (02 Aug 06). Keep it, solid result and bright prospect (07 Aug 06).
5GJ Ausgroup - db .235-.31 breakout, tg .385, historical high .39, bot .31 (03 Aug 06)
S68 SGX - db 3.10-3.82 breakout, tg 4.54, historical high 4.94, bot 3.86 (03 Aug 06). Cut 3.84, a negative engulfing candle stick appeared, bearish. (08 Aug 06)
C86 China Sun - consolidation area .745-.895 breakout, tg 1.04, but historical high 1.02, thus tg is adjusted to 1.01, bot .895 (03 Aug 06). Cut .865, lost 3.4% (07 Aug 06).
U96 Sembcorp - db 2.80-3.38 breakout, tg 3.96, but historical high 3.64, thus tg is adjusted to 3.62, buy order not filled (03 Aug 06). Bot 3.34, note today is xe day (04 Aug 06)
5EE Aqua Terra - db .245-.405 breakout, tg .56, but historical high .53 (adjusted for bonus issue), thus tg is adjusted to .52, bot .415 (04 Aug 06). Cut .375 since loss exceeded 10%, low .35, lost 9.6%, note breakout on 04 Aug 06 was a trap made by the major manipulator (07 Aug 06). Noted same thing happened for Chip Eng Seng, breakout is fake on 04 Aug 06, objective of fake breakout is to attract outsiders such as me to buy while he / she can sell as many as possible. Result no good, net profit publised on 08 Aug 06 dropped 58%, leading to gap down of this counter this morning! Wondering who is manipulating this counter, SGX needs to investigate. (08 Aug 06)
U14 UOL - db 2.64-3.00 breakout, tg 3.36, but historical high 3.28, thus tg is adjusted to 3.26, bot 2.99 (04 Aug 06)
F95 China Fishery - db 2.16-2.84 breakout, tg 3.52, historical high 3.74 (04 Aug 06)
C29 Chip Eng Seng - db .17-.205 breakout, tg .24, former high .27 (04 Aug 06). Buy ordre .205 not filled (07 Aug 06). Bot .20 (queued at .205). Noted same thing as Aqua Terra happened for Chip Eng Seng, breakout is fake on 04 Aug 06, objective of fake breakout is to attract outsiders such as me to buy while manipulator(s) of this counter can sell as many as possible because he / she knows bad news is coming. It is not a surprise, net profit publised on 08 Aug 06 dropped 58%, leading to gap down of this counter this morning! Wondering who is manipulating this counter, SGX needs to investigate. (08 Aug 06)
C22 China Mer Pacif - db .72-.82 breakout, tg .92, former high .92 (04 Aug 06)
(Record: M09 Mediaring - Sold remaining half at .36 (queued at .355) since a small double top formation was broken down yesterday, which triggered my stop loss level. (08 Aug 06))
Today (08 Aug 06) bottom formation breakouts have increased by another 0 to 25 in total for 122 stocks on my radar, which may signal STI has a requirement of further rebound to a target of 2472 (50% rebound of total loss from 2666 to 2278, target triggered at 2472 on 07 Aug 06) or even higher, say, 2517 (61.8% of total loss from 2666 to 2278), before wave C down wave sets in.
Dow 30 and SP500 have both broken out of their double bottom neckline resistances as of 04 Aug 06!
Thus I decided to buy every breakout to avoid missing potential opportunities such as GES, no bias any more.
Noted that slide of China plays began to accelarate on 07 Aug 06, divergent with general market, which is not a good sign. This may relate to macro economic control measures implemented by the Chinese government in recent few days. Also noted that China stocks in Shanghai and Shenzhen fell heavily in recent 3 weeks. That's why I attempted to clear majority of my positions related to China Plays to avoid further potential risks. (07 Aug 06)
L26 Labroy Marine - nl 1.43, buy order not filled on 25/26/27/28/31 Jul 06 and 01 Aug 06 (02 Aug 06 update)
H78 HONGKONG LAND - db 3.34-3.80 tg 4.26, bot 3.82 on 24 Jul 06
G01 GES - db seems too small nl 1.05, not inetrested - a mistake, now (27 Jul 06) 1.22 due to Venture takeover offer of GES at 1.25
F33 FERROCHINA - db .56-.81 tg 1.06, bot 0.81 on 24 Jul 06, added 0.815 on 25 Jul 06, added .815 on 26 (?) Jul 06. Daiwa tg 1.00 (04 Aug 06). Cut all positions at .755 at a loss of 7.4% (07 Aug 06).
D05 DBS - nl 18.2 tg 19.2 former high, bot 18.3 on 25 Jul 06, added 18.2 on 27 Jul 06, added 18.2 on 28 Jul 06, added 18.2 on 31 Jul 06
C56 CELESTIAL - db seems too small, tg 1.60 (corrected) former rebound high, bot 1.42 on 25 Jul 06, high 1.54 on 27 Jul 06, close to tg 1.60, looking to take profit from tomorrow onwards, tg triggered, high 1.63 on 31 Jul 06, a bigger db nl at 1.60 has been broken out on 02 Aug 06, high 1.66, tg 2.10, historical high, bigger db tg is even high than this, greed comes, I decided to cancel profit taking for the time being since it is good time to buy rather than sell when the db nl is broken out(02 Aug 06). Merrill Lynch has a tg of 2.22 (03 Aug 06). Took profit at 1.54, profit 8.4%(07 Aug 06).
Y62 Sino Env - rising triangle .565-.94, new high, blueline theory mentioned by The Art of Growing Money, chart formation target (tg) 1.31, bot .95 on 27 Jul 06, added .945 on 27 Jul 06, added .94 on 27 Jul 06, buy order at .94 and .94 not filled on 28 Jul 06, added 0.955 on 31 Jul 06, high .985. Cut 1/3 at .925, lost 2.6%(07 Aug 06).
F83 Cosco - 52 week new high, Another blue line stock
T48 Singtel - db breakout, tg 2.76, nl 2.55, bot 2.52 on 28 Jul 06, added 2.52 on 28 Jul 06 (another account), high 2.59 (31 Jul 06). CitygroupSB tg 3.10, UOBKayHian tg 2.52, iocbc feels Singtel's result disapointing tg 3.02 maintains for now, CIMB-GK tg 2.82, KE tg 3.06 (03 Aug 06). DBS Vickers tg 3.04 (04 Aug 06). Ex-d S$0.10 per share (08 Aug 06)
T03 TAT - db breakout, nl 1.03
S72 SC Global - 52 week new high, nl 1.52
J36 JMH - db breakout, nl 18.4, buy order not filled on 28/31 Jul 06
U11 UOB - bot 15.5 on 31 Jul 06 on expectation of breakout of nl at 15.7, which was not achieved today (31 Jul 06), tg 17, the 52 weeks high (31 Jul 06), to add if 15.8 is traded, just read : DBS Vickers tg 17.8, iocbc tg 17.7, fox tg 17.98, ms overweight, ml tg 18.5, mac outperform, average tg 18, tg will be 17.1 if average tg 18 is discounted 5% (02 Aug 06). Added 15.7, breakout today at 15.8 (07 Aug 06).
F12 Fibrechem - db breakout long time ago, tg 1.43, historical high, my tg 1.42, bot 1.22 on 31 Jul 06. KE tg 1.47, Philip tg 1.66 (03 Aug 06). Cut 1.08 since loss exceeded 10%, lost 11.5% (07 Aug 06).
D79 CG Tech - db .24-.35 breakout, tg .46, but historical high is .43, thus my tg .425, bot .35, high .36 (02 Aug 06). Keep it, cheap (07 Aug 06).
E90 China Sky - db .76-1.11 breakout, tg 1.46, but historical high is 1.32, thus my tg 1.31, bot 1.12, closed at 1.10 (02 Aug 06). Cut .96 since loss exceeded 10%, lost 14.3% (07 Aug 06).
M32 Midsouth - small db breakout, nl .555, tg .62 (recent rebound high), bot .56 (02 Aug 06). Keep it, solid result and bright prospect (07 Aug 06).
5GJ Ausgroup - db .235-.31 breakout, tg .385, historical high .39, bot .31 (03 Aug 06)
S68 SGX - db 3.10-3.82 breakout, tg 4.54, historical high 4.94, bot 3.86 (03 Aug 06). Cut 3.84, a negative engulfing candle stick appeared, bearish. (08 Aug 06)
C86 China Sun - consolidation area .745-.895 breakout, tg 1.04, but historical high 1.02, thus tg is adjusted to 1.01, bot .895 (03 Aug 06). Cut .865, lost 3.4% (07 Aug 06).
U96 Sembcorp - db 2.80-3.38 breakout, tg 3.96, but historical high 3.64, thus tg is adjusted to 3.62, buy order not filled (03 Aug 06). Bot 3.34, note today is xe day (04 Aug 06)
5EE Aqua Terra - db .245-.405 breakout, tg .56, but historical high .53 (adjusted for bonus issue), thus tg is adjusted to .52, bot .415 (04 Aug 06). Cut .375 since loss exceeded 10%, low .35, lost 9.6%, note breakout on 04 Aug 06 was a trap made by the major manipulator (07 Aug 06). Noted same thing happened for Chip Eng Seng, breakout is fake on 04 Aug 06, objective of fake breakout is to attract outsiders such as me to buy while he / she can sell as many as possible. Result no good, net profit publised on 08 Aug 06 dropped 58%, leading to gap down of this counter this morning! Wondering who is manipulating this counter, SGX needs to investigate. (08 Aug 06)
U14 UOL - db 2.64-3.00 breakout, tg 3.36, but historical high 3.28, thus tg is adjusted to 3.26, bot 2.99 (04 Aug 06)
F95 China Fishery - db 2.16-2.84 breakout, tg 3.52, historical high 3.74 (04 Aug 06)
C29 Chip Eng Seng - db .17-.205 breakout, tg .24, former high .27 (04 Aug 06). Buy ordre .205 not filled (07 Aug 06). Bot .20 (queued at .205). Noted same thing as Aqua Terra happened for Chip Eng Seng, breakout is fake on 04 Aug 06, objective of fake breakout is to attract outsiders such as me to buy while manipulator(s) of this counter can sell as many as possible because he / she knows bad news is coming. It is not a surprise, net profit publised on 08 Aug 06 dropped 58%, leading to gap down of this counter this morning! Wondering who is manipulating this counter, SGX needs to investigate. (08 Aug 06)
C22 China Mer Pacif - db .72-.82 breakout, tg .92, former high .92 (04 Aug 06)
(Record: M09 Mediaring - Sold remaining half at .36 (queued at .355) since a small double top formation was broken down yesterday, which triggered my stop loss level. (08 Aug 06))
07 August 2006
Stocks Update (07 Aug 06)
Today (07 Aug 06) bottom formation breakouts have increased by another 1 (UOB)to 25 in total for 122 stocks on my radar, i.e., 20% breakouts showed on my radar, which may signal STI has a requirement of further rebound to a target of 2472 (50% rebound of total loss from 2666 to 2278, target triggered at 2472 today) or even higher, say, 2517 (61.8% of total loss from 2666 to 2278), before wave C down wave sets in.
Dow 30 and SP500 have both broken out of their double bottom neckline resistances as of 04 Aug 06!
Thus I decided to buy every breakout to avoid missing potential opportunities such as GES, no bias any more.
Slide of China plays began to accelarate, which is not a good sign. This may relate to macro economic control measures implemented by the Chinese government in recent few days. Also noted that China stocks in Shanghai and Shenzhen fell heavily in recent 3 weeks. That's why I attempted to clear majority of my positions related to China Plays to avoid further potential risks. (07 Aug 06)
L26 Labroy Marine - nl 1.43, buy order not filled on 25/26/27/28/31 Jul 06 and 01 Aug 06 (02 Aug 06 update)
H78 HONGKONG LAND - db 3.34-3.80 tg 4.26, bot 3.82 on 24 Jul 06
G01 GES - db seems too small nl 1.05, not inetrested - a mistake, now (27 Jul 06) 1.22 due to Venture takeover offer of GES at 1.25
F33 FERROCHINA - db .56-.81 tg 1.06, bot 0.81 on 24 Jul 06, added 0.815 on 25 Jul 06, added .815 on 26 (?) Jul 06. Daiwa tg 1.00 (04 Aug 06). Cut all positions at .755 at a loss of 7.4% (07 Aug 06).
D05 DBS - nl 18.2 tg 19.2 former high, bot 18.3 on 25 Jul 06, added 18.2 on 27 Jul 06, added 18.2 on 28 Jul 06, added 18.2 on 31 Jul 06
C56 CELESTIAL - db seems too small, tg 1.60 (corrected) former rebound high, bot 1.42 on 25 Jul 06, high 1.54 on 27 Jul 06, close to tg 1.60, looking to take profit from tomorrow onwards, tg triggered, high 1.63 on 31 Jul 06, a bigger db nl at 1.60 has been broken out on 02 Aug 06, high 1.66, tg 2.10, historical high, bigger db tg is even high than this, greed comes, I decided to cancel profit taking for the time being since it is good time to buy rather than sell when the db nl is broken out(02 Aug 06). Merrill Lynch has a tg of 2.22 (03 Aug 06). Took profit at 1.54, profit 8.4%(07 Aug 06).
Y62 Sino Env - rising triangle .565-.94, new high, blueline theory mentioned by The Art of Growing Money, chart formation target (tg) 1.31, bot .95 on 27 Jul 06, added .945 on 27 Jul 06, added .94 on 27 Jul 06, buy order at .94 and .94 not filled on 28 Jul 06, added 0.955 on 31 Jul 06, high .985. Cut 1/3 at .925, lost 2.6%(07 Aug 06).
F83 Cosco - 52 week new high, Another blue line stock
T48 Singtel - db breakout, tg 2.76, nl 2.55, bot 2.52 on 28 Jul 06, added 2.52 on 28 Jul 06 (another account), high 2.59 (31 Jul 06). CitygroupSB tg 3.10, UOBKayHian tg 2.52, iocbc feels Singtel's result disapointing tg 3.02 maintains for now, CIMB-GK tg 2.82, KE tg 3.06 (03 Aug 06). DBS Vickers tg 3.04 (04 Aug 06).
T03 TAT - db breakout, nl 1.03
S72 SC Global - 52 week new high, nl 1.52
J36 JMH - db breakout, nl 18.4, buy order not filled on 28/31 Jul 06
U11 UOB - bot 15.5 on 31 Jul 06 on expectation of breakout of nl at 15.7, which was not achieved today (31 Jul 06), tg 17, the 52 weeks high (31 Jul 06), to add if 15.8 is traded, just read : DBS Vickers tg 17.8, iocbc tg 17.7, fox tg 17.98, ms overweight, ml tg 18.5, mac outperform, average tg 18, tg will be 17.1 if average tg 18 is discounted 5% (02 Aug 06). Added 15.7, breakout today at 15.8 (07 Aug 06).
F12 Fibrechem - db breakout long time ago, tg 1.43, historical high, my tg 1.42, bot 1.22 on 31 Jul 06. KE tg 1.47, Philip tg 1.66 (03 Aug 06). Cut 1.08 since loss exceeded 10%, lost 11.5% (07 Aug 06).
D79 CG Tech - db .24-.35 breakout, tg .46, but historical high is .43, thus my tg .425, bot .35, high .36 (02 Aug 06). Keep it, cheap (07 Aug 06).
E90 China Sky - db .76-1.11 breakout, tg 1.46, but historical high is 1.32, thus my tg 1.31, bot 1.12, closed at 1.10 (02 Aug 06). Cut .96 since loss exceeded 10%, lost 14.3% (07 Aug 06).
M32 Midsouth - small db breakout, nl .555, tg .62 (recent rebound high), bot .56 (02 Aug 06). Keep it, solid result and bright prospect (07 Aug 06).
5GJ Ausgroup - db .235-.31 breakout, tg .385, historical high .39, bot .31 (03 Aug 06)
S68 SGX - db 3.10-3.82 breakout, tg 4.54, historical high 4.94, bot 3.86 (03 Aug 06)
C86 China Sun - consolidation area .745-.895 breakout, tg 1.04, but historical high 1.02, thus tg is adjusted to 1.01, bot .895 (03 Aug 06). Cut .865, lost 3.4% (07 Aug 06).
U96 Sembcorp - db 2.80-3.38 breakout, tg 3.96, but historical high 3.64, thus tg is adjusted to 3.62, buy order not filled (03 Aug 06). Bot 3.34, note today is xe day (04 Aug 06)
5EE Aqua Terra - db .245-.405 breakout, tg .56, but historical high .53 (adjusted for bonus issue), thus tg is adjusted to .52, bot .415 (04 Aug 06). Cut .375 since loss exceeded 10%, low .35, lost 9.6%, note breakout on 04 Aug 06 was a trap made by the major manipulator (07 Aug 06).
U14 UOL - db 2.64-3.00 breakout, tg 3.36, but historical high 3.28, thus tg is adjusted to 3.26, bot 2.99 (04 Aug 06)
F95 China Fishery - db 2.16-2.84 breakout, tg 3.52, historical high 3.74 (04 Aug 06)
C29 Chip Eng Seng - db .17-.205 breakout, tg .24, former high .27. (04 Aug 06). Buy ordre .205 not filled (07 Aug 06).
C22 China Mer Pacif - db .72-.82 breakout, tg .92, former high .92 (04 Aug 06)
Today (07 Aug 06) bottom formation breakouts have increased by another 1 (UOB)to 25 in total for 122 stocks on my radar, i.e., 20% breakouts showed on my radar, which may signal STI has a requirement of further rebound to a target of 2472 (50% rebound of total loss from 2666 to 2278, target triggered at 2472 today) or even higher, say, 2517 (61.8% of total loss from 2666 to 2278), before wave C down wave sets in.
Dow 30 and SP500 have both broken out of their double bottom neckline resistances as of 04 Aug 06!
Thus I decided to buy every breakout to avoid missing potential opportunities such as GES, no bias any more.
Slide of China plays began to accelarate, which is not a good sign. This may relate to macro economic control measures implemented by the Chinese government in recent few days. Also noted that China stocks in Shanghai and Shenzhen fell heavily in recent 3 weeks. That's why I attempted to clear majority of my positions related to China Plays to avoid further potential risks. (07 Aug 06)
L26 Labroy Marine - nl 1.43, buy order not filled on 25/26/27/28/31 Jul 06 and 01 Aug 06 (02 Aug 06 update)
H78 HONGKONG LAND - db 3.34-3.80 tg 4.26, bot 3.82 on 24 Jul 06
G01 GES - db seems too small nl 1.05, not inetrested - a mistake, now (27 Jul 06) 1.22 due to Venture takeover offer of GES at 1.25
F33 FERROCHINA - db .56-.81 tg 1.06, bot 0.81 on 24 Jul 06, added 0.815 on 25 Jul 06, added .815 on 26 (?) Jul 06. Daiwa tg 1.00 (04 Aug 06). Cut all positions at .755 at a loss of 7.4% (07 Aug 06).
D05 DBS - nl 18.2 tg 19.2 former high, bot 18.3 on 25 Jul 06, added 18.2 on 27 Jul 06, added 18.2 on 28 Jul 06, added 18.2 on 31 Jul 06
C56 CELESTIAL - db seems too small, tg 1.60 (corrected) former rebound high, bot 1.42 on 25 Jul 06, high 1.54 on 27 Jul 06, close to tg 1.60, looking to take profit from tomorrow onwards, tg triggered, high 1.63 on 31 Jul 06, a bigger db nl at 1.60 has been broken out on 02 Aug 06, high 1.66, tg 2.10, historical high, bigger db tg is even high than this, greed comes, I decided to cancel profit taking for the time being since it is good time to buy rather than sell when the db nl is broken out(02 Aug 06). Merrill Lynch has a tg of 2.22 (03 Aug 06). Took profit at 1.54, profit 8.4%(07 Aug 06).
Y62 Sino Env - rising triangle .565-.94, new high, blueline theory mentioned by The Art of Growing Money, chart formation target (tg) 1.31, bot .95 on 27 Jul 06, added .945 on 27 Jul 06, added .94 on 27 Jul 06, buy order at .94 and .94 not filled on 28 Jul 06, added 0.955 on 31 Jul 06, high .985. Cut 1/3 at .925, lost 2.6%(07 Aug 06).
F83 Cosco - 52 week new high, Another blue line stock
T48 Singtel - db breakout, tg 2.76, nl 2.55, bot 2.52 on 28 Jul 06, added 2.52 on 28 Jul 06 (another account), high 2.59 (31 Jul 06). CitygroupSB tg 3.10, UOBKayHian tg 2.52, iocbc feels Singtel's result disapointing tg 3.02 maintains for now, CIMB-GK tg 2.82, KE tg 3.06 (03 Aug 06). DBS Vickers tg 3.04 (04 Aug 06).
T03 TAT - db breakout, nl 1.03
S72 SC Global - 52 week new high, nl 1.52
J36 JMH - db breakout, nl 18.4, buy order not filled on 28/31 Jul 06
U11 UOB - bot 15.5 on 31 Jul 06 on expectation of breakout of nl at 15.7, which was not achieved today (31 Jul 06), tg 17, the 52 weeks high (31 Jul 06), to add if 15.8 is traded, just read : DBS Vickers tg 17.8, iocbc tg 17.7, fox tg 17.98, ms overweight, ml tg 18.5, mac outperform, average tg 18, tg will be 17.1 if average tg 18 is discounted 5% (02 Aug 06). Added 15.7, breakout today at 15.8 (07 Aug 06).
F12 Fibrechem - db breakout long time ago, tg 1.43, historical high, my tg 1.42, bot 1.22 on 31 Jul 06. KE tg 1.47, Philip tg 1.66 (03 Aug 06). Cut 1.08 since loss exceeded 10%, lost 11.5% (07 Aug 06).
D79 CG Tech - db .24-.35 breakout, tg .46, but historical high is .43, thus my tg .425, bot .35, high .36 (02 Aug 06). Keep it, cheap (07 Aug 06).
E90 China Sky - db .76-1.11 breakout, tg 1.46, but historical high is 1.32, thus my tg 1.31, bot 1.12, closed at 1.10 (02 Aug 06). Cut .96 since loss exceeded 10%, lost 14.3% (07 Aug 06).
M32 Midsouth - small db breakout, nl .555, tg .62 (recent rebound high), bot .56 (02 Aug 06). Keep it, solid result and bright prospect (07 Aug 06).
5GJ Ausgroup - db .235-.31 breakout, tg .385, historical high .39, bot .31 (03 Aug 06)
S68 SGX - db 3.10-3.82 breakout, tg 4.54, historical high 4.94, bot 3.86 (03 Aug 06)
C86 China Sun - consolidation area .745-.895 breakout, tg 1.04, but historical high 1.02, thus tg is adjusted to 1.01, bot .895 (03 Aug 06). Cut .865, lost 3.4% (07 Aug 06).
U96 Sembcorp - db 2.80-3.38 breakout, tg 3.96, but historical high 3.64, thus tg is adjusted to 3.62, buy order not filled (03 Aug 06). Bot 3.34, note today is xe day (04 Aug 06)
5EE Aqua Terra - db .245-.405 breakout, tg .56, but historical high .53 (adjusted for bonus issue), thus tg is adjusted to .52, bot .415 (04 Aug 06). Cut .375 since loss exceeded 10%, low .35, lost 9.6%, note breakout on 04 Aug 06 was a trap made by the major manipulator (07 Aug 06).
U14 UOL - db 2.64-3.00 breakout, tg 3.36, but historical high 3.28, thus tg is adjusted to 3.26, bot 2.99 (04 Aug 06)
F95 China Fishery - db 2.16-2.84 breakout, tg 3.52, historical high 3.74 (04 Aug 06)
C29 Chip Eng Seng - db .17-.205 breakout, tg .24, former high .27. (04 Aug 06). Buy ordre .205 not filled (07 Aug 06).
C22 China Mer Pacif - db .72-.82 breakout, tg .92, former high .92 (04 Aug 06)
06 August 2006
05 August 2006
STI Monthly / Weekly / Daily Charts (05 Aug 06)
Double bottom formation breakout
Double bottom formation breakout
Dow30 Monthly / Weekly / Daily Charts (05 Aug 06)
Double bottom formation breakout
Double bottom formation breakout
SP500 Monthly / Weekly / Daily Charts (05 Aug 06)
Double bottom formation breakout
Double bottom formation breakout
Nasdaq Composite Monthly / Weekly / Daily Charts (05 Aug 06)
04 August 2006
Stocks Update (04 Aug 06)
Today (04 Aug 06) bottom formation breakouts have increased by another 5 (Aqua Terra, UOL) to 24 in total for 122 stocks on my radar, which may signal STI has a requirement of further rebound to a target of 2472 (50% rebound of total loss from 2666 to 2278) or even higher, say, 2517 (61.8% of total loss from 2666 to 2278), before wave C down wave sets in.
Dow 30 and SP500 have both broken out of their double bottom neckline resistances as of 04 Aug 06!
Thus I decided to buy every breakout to avoid missing potential opportunities such as GES, no bias any more.
L26 Labroy Marine - nl 1.43, buy order not filled on 25/26/27/28/31 Jul 06 and 01 Aug 06 (02 Aug 06 update)
H78 HONGKONG LAND - db 3.34-3.80 tg 4.26, bot 3.82 on 24 Jul 06
G01 GES - db seems too small nl 1.05, not inetrested - a mistake, now (27 Jul 06) 1.22 due to Venture takeover offer of GES at 1.25
F33 FERROCHINA - db .56-.81 tg 1.06, bot 0.81 on 24 Jul 06, added 0.815 on 25 Jul 06, added .815 on 26 (?) Jul 06. Daiwa tg 1.00 (04 Aug 06).
D05 DBS - nl 18.2 tg 19.2 former high, bot 18.3 on 25 Jul 06, added 18.2 on 27 Jul 06, added 18.2 on 28 Jul 06, added 18.2 on 31 Jul 06
C56 CELESTIAL - db seems too small, tg 1.60 (corrected) former rebound high, bot 1.42 on 25 Jul 06, high 1.54 on 27 Jul 06, close to tg 1.60, looking to take profit from tomorrow onwards, tg triggered, high 1.63 on 31 Jul 06, a bigger db nl at 1.60 has been broken out on 02 Aug 06, high 1.66, tg 2.10, historical high, bigger db tg is even high than this, greed comes, I decided to cancel profit taking for the time being since it is good time to buy rather than sell when the db nl is broken out(02 Aug 06). Merrill Lynch has a tg of 2.22 (03 Aug 06).
Y62 Sino Env - rising triangle .565-.94, new high, blueline theory mentioned by The Art of Growing Money, chart formation target (tg) 1.31, bot .95 on 27 Jul 06, added .945 on 27 Jul 06, added .94 on 27 Jul 06, buy order at .94 and .94 not filled on 28 Jul 06, added 0.955 on 31 Jul 06, high .985
F83 Cosco - 52 week new high, Another blue line stock
T48 Singtel - db breakout, tg 2.76, nl 2.55, bot 2.52 on 28 Jul 06, added 2.52 on 28 Jul 06 (another account), high 2.59 (31 Jul 06). CitygroupSB tg 3.10, UOBKayHian tg 2.52, iocbc feels Singtel's result disapointing tg 3.02 maintains for now, CIMB-GK tg 2.82, KE tg 3.06 (03 Aug 06). DBS Vickers tg 3.04 (04 Aug 06).
T03 TAT - db breakout, nl 1.03
S72 SC Global - 52 week new high, nl 1.52
J36 JMH - db breakout, nl 18.4, buy order not filled on 28/31 Jul 06
U11 UOB - bot 15.5 on 31 Jul 06 on expectation of breakout of nl at 15.7, which was not achieved today (31 Jul 06), tg 17, the 52 weeks high (31 Jul 06), to add if 15.8 is traded, just read : DBS Vickers tg 17.8, iocbc tg 17.7, fox tg 17.98, ms overweight, ml tg 18.5, mac outperform, average tg 18, tg will be 17.1 if average tg 18 is discounted 5% (02 Aug 06)
F12 Fibrechem - db breakout long time ago, tg 1.43, historical high, my tg 1.42, bot 1.22 on 31 Jul 06. KE tg 1.47, Philip tg 1.66 (03 Aug 06)
D79 CG Tech - db .24-.35 breakout, tg .46, but historical high is .43, thus my tg .425, bot .35, high .36, (02 Aug 06)
E90 China Sky - db .76-1.11 breakout, tg 1.46, but historical high is 1.32, thus my tg 1.31, bot 1.12, closed at 1.10 (02 Aug 06)
M32 Midsouth - small db breakout, nl .555, tg .62 (recent rebound high), bot .56 (02 Aug 06)
5GJ Ausgroup - db .235-.31 breakout, tg .385, historical high .39, bot .31 (03 Aug 06)
S68 SGX - db 3.10-3.82 breakout, tg 4.54, historical high 4.94, bot 3.86 (03 Aug 06)
C86 China Sun - consolidation area .745-.895 breakout, tg 1.04, but historical high 1.02, thus tg is adjusted to 1.01, bot .895 (03 Aug 06)
U96 Sembcorp - db 2.80-3.38 breakout, tg 3.96, but historical high 3.64, thus tg is adjusted to 3.62, buy order not filled (03 Aug 06). Bot 3.34, note today is xe day (04 Aug 06)
5EE Aqua Terra - db .245-.405 breakout, tg .56, but historical high .53 (adjusted for bonus issue), thus tg is adjusted to .52, bot .415 (04 Aug 06)
U14 UOL - db 2.64-3.00 breakout, tg 3.36, but historical high 3.28, thus tg is adjusted to 3.26, bot 2.99 (04 Aug 06)
F95 China Fishery - db 2.16-2.84 breakout, tg 3.52, historical high 3.74 (04 Aug 06)
C29 Chip Eng Seng - db .17-.205 breakout, tg .24, former high .27 (04 Aug 06)
C22 China Mer Pacif - db .72-.82 breakout, tg .92, former high .92 (04 Aug 06)
Today (04 Aug 06) bottom formation breakouts have increased by another 5 (Aqua Terra, UOL) to 24 in total for 122 stocks on my radar, which may signal STI has a requirement of further rebound to a target of 2472 (50% rebound of total loss from 2666 to 2278) or even higher, say, 2517 (61.8% of total loss from 2666 to 2278), before wave C down wave sets in.
Dow 30 and SP500 have both broken out of their double bottom neckline resistances as of 04 Aug 06!
Thus I decided to buy every breakout to avoid missing potential opportunities such as GES, no bias any more.
L26 Labroy Marine - nl 1.43, buy order not filled on 25/26/27/28/31 Jul 06 and 01 Aug 06 (02 Aug 06 update)
H78 HONGKONG LAND - db 3.34-3.80 tg 4.26, bot 3.82 on 24 Jul 06
G01 GES - db seems too small nl 1.05, not inetrested - a mistake, now (27 Jul 06) 1.22 due to Venture takeover offer of GES at 1.25
F33 FERROCHINA - db .56-.81 tg 1.06, bot 0.81 on 24 Jul 06, added 0.815 on 25 Jul 06, added .815 on 26 (?) Jul 06. Daiwa tg 1.00 (04 Aug 06).
D05 DBS - nl 18.2 tg 19.2 former high, bot 18.3 on 25 Jul 06, added 18.2 on 27 Jul 06, added 18.2 on 28 Jul 06, added 18.2 on 31 Jul 06
C56 CELESTIAL - db seems too small, tg 1.60 (corrected) former rebound high, bot 1.42 on 25 Jul 06, high 1.54 on 27 Jul 06, close to tg 1.60, looking to take profit from tomorrow onwards, tg triggered, high 1.63 on 31 Jul 06, a bigger db nl at 1.60 has been broken out on 02 Aug 06, high 1.66, tg 2.10, historical high, bigger db tg is even high than this, greed comes, I decided to cancel profit taking for the time being since it is good time to buy rather than sell when the db nl is broken out(02 Aug 06). Merrill Lynch has a tg of 2.22 (03 Aug 06).
Y62 Sino Env - rising triangle .565-.94, new high, blueline theory mentioned by The Art of Growing Money, chart formation target (tg) 1.31, bot .95 on 27 Jul 06, added .945 on 27 Jul 06, added .94 on 27 Jul 06, buy order at .94 and .94 not filled on 28 Jul 06, added 0.955 on 31 Jul 06, high .985
F83 Cosco - 52 week new high, Another blue line stock
T48 Singtel - db breakout, tg 2.76, nl 2.55, bot 2.52 on 28 Jul 06, added 2.52 on 28 Jul 06 (another account), high 2.59 (31 Jul 06). CitygroupSB tg 3.10, UOBKayHian tg 2.52, iocbc feels Singtel's result disapointing tg 3.02 maintains for now, CIMB-GK tg 2.82, KE tg 3.06 (03 Aug 06). DBS Vickers tg 3.04 (04 Aug 06).
T03 TAT - db breakout, nl 1.03
S72 SC Global - 52 week new high, nl 1.52
J36 JMH - db breakout, nl 18.4, buy order not filled on 28/31 Jul 06
U11 UOB - bot 15.5 on 31 Jul 06 on expectation of breakout of nl at 15.7, which was not achieved today (31 Jul 06), tg 17, the 52 weeks high (31 Jul 06), to add if 15.8 is traded, just read : DBS Vickers tg 17.8, iocbc tg 17.7, fox tg 17.98, ms overweight, ml tg 18.5, mac outperform, average tg 18, tg will be 17.1 if average tg 18 is discounted 5% (02 Aug 06)
F12 Fibrechem - db breakout long time ago, tg 1.43, historical high, my tg 1.42, bot 1.22 on 31 Jul 06. KE tg 1.47, Philip tg 1.66 (03 Aug 06)
D79 CG Tech - db .24-.35 breakout, tg .46, but historical high is .43, thus my tg .425, bot .35, high .36, (02 Aug 06)
E90 China Sky - db .76-1.11 breakout, tg 1.46, but historical high is 1.32, thus my tg 1.31, bot 1.12, closed at 1.10 (02 Aug 06)
M32 Midsouth - small db breakout, nl .555, tg .62 (recent rebound high), bot .56 (02 Aug 06)
5GJ Ausgroup - db .235-.31 breakout, tg .385, historical high .39, bot .31 (03 Aug 06)
S68 SGX - db 3.10-3.82 breakout, tg 4.54, historical high 4.94, bot 3.86 (03 Aug 06)
C86 China Sun - consolidation area .745-.895 breakout, tg 1.04, but historical high 1.02, thus tg is adjusted to 1.01, bot .895 (03 Aug 06)
U96 Sembcorp - db 2.80-3.38 breakout, tg 3.96, but historical high 3.64, thus tg is adjusted to 3.62, buy order not filled (03 Aug 06). Bot 3.34, note today is xe day (04 Aug 06)
5EE Aqua Terra - db .245-.405 breakout, tg .56, but historical high .53 (adjusted for bonus issue), thus tg is adjusted to .52, bot .415 (04 Aug 06)
U14 UOL - db 2.64-3.00 breakout, tg 3.36, but historical high 3.28, thus tg is adjusted to 3.26, bot 2.99 (04 Aug 06)
F95 China Fishery - db 2.16-2.84 breakout, tg 3.52, historical high 3.74 (04 Aug 06)
C29 Chip Eng Seng - db .17-.205 breakout, tg .24, former high .27 (04 Aug 06)
C22 China Mer Pacif - db .72-.82 breakout, tg .92, former high .92 (04 Aug 06)
03 August 2006
Stocks Update (03 Aug 06)
Today (03 Aug 06) bottom formation breakouts have increased by another 4 (Ausgroup, Sembcorp, SGX, China Sun) to 19 in total for stocks on my radar, which may signal STI has a requirement of further rebound to a target of 2472 (50% rebound of total loss from 2666 to 2278) or even higher, say, 2517 (61.8% of total loss from 2666 to 2278), before wave C down wave sets in.
Thus I decided to buy every breakout to avoid missing potential opportunities such as GES, no bias any more.
L26 Labroy Marine - nl 1.43, buy order not filled on 25/26/27/28/31 Jul 06 and 01 Aug 06 (02 Aug 06 update)
H78 HONGKONG LAND - db 3.34-3.80 tg 4.26, bot 3.82 on 24 Jul 06
G01 GES - db seems too small nl 1.05, not inetrested - a mistake, now (27 Jul 06) 1.22 due to Venture takeover offer of GES at 1.25
F33 FERROCHINA - db .56-.81 tg 1.06, bot 0.81 on 24 Jul 06, added 0.815 on 25 Jul 06, added .815 on 26 (?) Jul 06
D05 DBS - nl 18.2 tg 19.2 former high, bot 18.3 on 25 Jul 06, added 18.2 on 27 Jul 06, added 18.2 on 28 Jul 06, added 18.2 on 31 Jul 06
C56 CELESTIAL - db seems too small, tg 1.60 (corrected) former rebound high, bot 1.42 on 25 Jul 06, high 1.54 on 27 Jul 06, close to tg 1.60, looking to take profit from tomorrow onwards, tg triggered, high 1.63 on 31 Jul 06, a bigger db nl at 1.60 has been broken out on 02 Aug 06, high 1.66, tg 2.10, historical high, bigger db tg is even high than this, greed comes, I decided to cancel profit taking for the time being since it is good time to buy rather than sell when the db nl is broken out(02 Aug 06). Trading Hub has a tg of 2.22 (03 Aug 06).
Y62 Sino Env - rising triangle .565-.94, new high, blueline theory mentioned by The Art of Growing Money, chart formation target (tg) 1.31, bot .95 on 27 Jul 06, added .945 on 27 Jul 06, added .94 on 27 Jul 06, buy order at .94 and .94 not filled on 28 Jul 06, added 0.955 on 31 Jul 06, high .985
F83 Cosco - 52 week new high, Another blue line stock
T48 Singtel - db breakout, tg 2.76, nl 2.55, bot 2.52 on 28 Jul 06, added 2.52 on 28 Jul 06 (another account), high 2.59 (31 Jul 06). CitygroupSB tg 3.10, UOBKayHian tg 2.52, iocbc feels Singtel's result disapointing tg 3.02 maintains for now, CIMB-GK tg 2.82, KE tg 3.06 (03 Aug 06).
T03 TAT - db breakout, nl 1.03
S72 SC Global - 52 week new high, nl 1.52
J36 JMH - db breakout, nl 18.4, buy order not filled on 28/31 Jul 06
U11 UOB - bot 15.5 on 31 Jul 06 on expectation of breakout of nl at 15.7, which was not achieved today (31 Jul 06), tg 17, the 52 weeks high (31 Jul 06), to add if 15.8 is traded, just read : DBS Vickers tg 17.8, iocbc tg 17.7, fox tg 17.98, ms overweight, ml tg 18.5, mac outperform, average tg 18, tg will be 17.1 if average tg 18 is discounted 5% (02 Aug 06)
F12 Fibrechem - db breakout long time ago, tg 1.43, historical high, my tg 1.42, bot 1.22 on 31 Jul 06. KE tg 1.47, Philip tg 1.66 (03 Aug 06)
D79 CG Tech - db .24-.35 breakout, tg .46, but historical high is .43, thus my tg .425, bot .35, high .36, (02 Aug 06)
E90 China Sky - db .76-1.11 breakout, tg 1.46, but historical high is 1.32, thus my tg 1.31, bot 1.12, closed at 1.10 (02 Aug 06)
M32 Midsouth - small db breakout, nl .555, tg .62 (recent rebound high), bot .56 (02 Aug 06)
5GJ Ausgroup - db .235-.31 breakout, tg .385, historical high .39, bot .31 (03 Aug 06)
S68 SGX - db 3.10-3.82 breakout, tg 4.54, historical high 4.94, bot 3.86 (03 Aug 06)
C86 China Sun - consolidation area .745-.895 breakout, tg 1.04, but historical high 1.02, thus tg is adjusted to 1.01, bot .895 (03 Aug 06)
U96 Sembcorp - db 2.80-3.38 breakout, tg 3.96, but historical high 3.64, thus tg is adjusted to 3.62, buy order not filled (03 Aug 06)
Today (03 Aug 06) bottom formation breakouts have increased by another 4 (Ausgroup, Sembcorp, SGX, China Sun) to 19 in total for stocks on my radar, which may signal STI has a requirement of further rebound to a target of 2472 (50% rebound of total loss from 2666 to 2278) or even higher, say, 2517 (61.8% of total loss from 2666 to 2278), before wave C down wave sets in.
Thus I decided to buy every breakout to avoid missing potential opportunities such as GES, no bias any more.
L26 Labroy Marine - nl 1.43, buy order not filled on 25/26/27/28/31 Jul 06 and 01 Aug 06 (02 Aug 06 update)
H78 HONGKONG LAND - db 3.34-3.80 tg 4.26, bot 3.82 on 24 Jul 06
G01 GES - db seems too small nl 1.05, not inetrested - a mistake, now (27 Jul 06) 1.22 due to Venture takeover offer of GES at 1.25
F33 FERROCHINA - db .56-.81 tg 1.06, bot 0.81 on 24 Jul 06, added 0.815 on 25 Jul 06, added .815 on 26 (?) Jul 06
D05 DBS - nl 18.2 tg 19.2 former high, bot 18.3 on 25 Jul 06, added 18.2 on 27 Jul 06, added 18.2 on 28 Jul 06, added 18.2 on 31 Jul 06
C56 CELESTIAL - db seems too small, tg 1.60 (corrected) former rebound high, bot 1.42 on 25 Jul 06, high 1.54 on 27 Jul 06, close to tg 1.60, looking to take profit from tomorrow onwards, tg triggered, high 1.63 on 31 Jul 06, a bigger db nl at 1.60 has been broken out on 02 Aug 06, high 1.66, tg 2.10, historical high, bigger db tg is even high than this, greed comes, I decided to cancel profit taking for the time being since it is good time to buy rather than sell when the db nl is broken out(02 Aug 06). Trading Hub has a tg of 2.22 (03 Aug 06).
Y62 Sino Env - rising triangle .565-.94, new high, blueline theory mentioned by The Art of Growing Money, chart formation target (tg) 1.31, bot .95 on 27 Jul 06, added .945 on 27 Jul 06, added .94 on 27 Jul 06, buy order at .94 and .94 not filled on 28 Jul 06, added 0.955 on 31 Jul 06, high .985
F83 Cosco - 52 week new high, Another blue line stock
T48 Singtel - db breakout, tg 2.76, nl 2.55, bot 2.52 on 28 Jul 06, added 2.52 on 28 Jul 06 (another account), high 2.59 (31 Jul 06). CitygroupSB tg 3.10, UOBKayHian tg 2.52, iocbc feels Singtel's result disapointing tg 3.02 maintains for now, CIMB-GK tg 2.82, KE tg 3.06 (03 Aug 06).
T03 TAT - db breakout, nl 1.03
S72 SC Global - 52 week new high, nl 1.52
J36 JMH - db breakout, nl 18.4, buy order not filled on 28/31 Jul 06
U11 UOB - bot 15.5 on 31 Jul 06 on expectation of breakout of nl at 15.7, which was not achieved today (31 Jul 06), tg 17, the 52 weeks high (31 Jul 06), to add if 15.8 is traded, just read : DBS Vickers tg 17.8, iocbc tg 17.7, fox tg 17.98, ms overweight, ml tg 18.5, mac outperform, average tg 18, tg will be 17.1 if average tg 18 is discounted 5% (02 Aug 06)
F12 Fibrechem - db breakout long time ago, tg 1.43, historical high, my tg 1.42, bot 1.22 on 31 Jul 06. KE tg 1.47, Philip tg 1.66 (03 Aug 06)
D79 CG Tech - db .24-.35 breakout, tg .46, but historical high is .43, thus my tg .425, bot .35, high .36, (02 Aug 06)
E90 China Sky - db .76-1.11 breakout, tg 1.46, but historical high is 1.32, thus my tg 1.31, bot 1.12, closed at 1.10 (02 Aug 06)
M32 Midsouth - small db breakout, nl .555, tg .62 (recent rebound high), bot .56 (02 Aug 06)
5GJ Ausgroup - db .235-.31 breakout, tg .385, historical high .39, bot .31 (03 Aug 06)
S68 SGX - db 3.10-3.82 breakout, tg 4.54, historical high 4.94, bot 3.86 (03 Aug 06)
C86 China Sun - consolidation area .745-.895 breakout, tg 1.04, but historical high 1.02, thus tg is adjusted to 1.01, bot .895 (03 Aug 06)
U96 Sembcorp - db 2.80-3.38 breakout, tg 3.96, but historical high 3.64, thus tg is adjusted to 3.62, buy order not filled (03 Aug 06)
02 August 2006
Stocks Update (02 Aug 06)
Today (02 Aug 06) bottom formation breakouts have increased by another 3 (CG Tech, China Sky, Midsouth)to reach 15 in total for stocks on my radar, which is probaly a signal of further rebound of market to a target of 2472 (50% rebound of total loss from 2666 to 2278) or even higher, say, 2517 (61.8% of total loss from 2666 to 2278), before wave C down wave can proceed.
I decided to buy every breakout to avoid missing potential opportunities such as GES, no bias any more.
L26 Labroy Marine - nl 1.43, buy order not filled on 25/26/27/28/31 Jul 06 and 01 Aug 06 (02 Aug 06 update)
H78 HONGKONG LAND - db 3.34-3.80 tg 4.26, bot 3.82 on 24 Jul 06
G01 GES - db seems too small nl 1.05, not inetrested - a mistake, now (27 Jul 06) 1.22 due to Venture takeover offer of GES at 1.25
F33 FERROCHINA - db .56-.81 tg 1.06, bot 0.81 on 24 Jul 06, added 0.815 on 25 Jul 06, added .815 on 26 (?) Jul 06
D05 DBS - nl 18.2 tg 19.2 former high, bot 18.3 on 25 Jul 06, added 18.2 on 27 Jul 06, added 18.2 on 28 Jul 06, added 18.2 on 31 Jul 06
C56 CELESTIAL - db seems too small, tg 1.60 (corrected) former rebound high, bot 1.42 on 25 Jul 06, high 1.54 on 27 Jul 06, close to tg 1.60, looking to take profit from tomorrow onwards, tg triggered, high 1.63 on 31 Jul 06, a bigger db nl at 1.60 has been broken out on 02 Aug 06, high 1.66, tg 2.10, historical high, bigger db tg is even high than this, greed comes, I decided to cancel profit taking for the time being (02 Aug 06) since it is good time to buy rather than sell when the db nl is broken out.
Y62 Sino Env - rising triangle .565-.94, new high, blueline theory mentioned by The Art of Growing Money, chart formation target (tg) 1.31, bot .95 on 27 Jul 06, added .945 on 27 Jul 06, added .94 on 27 Jul 06, buy order at .94 and .94 not filled on 28 Jul 06, added 0.955 on 31 Jul 06, high .985
F83 Cosco - 52 week new high, Another blue line stock
T48 Singtel - db breakout, tg 2.76, nl 2.55, bot 2.52 on 28 Jul 06, added 2.52 on 28 Jul 06 (another account), hihg 2.59 on 31 Jul 06
T03 TAT - db breakout, nl 1.03
S72 SC Global - 52 week new high, nl 1.52
J36 JMH - db breakout, nl 18.4, buy order not filled on 28/31 Jul 06
U11 UOB - bot 15.5 on 31 Jul 06 on expectation of breakout of nl at 15.7, which was not achieved today (31 Jul 06), tg 17, the 52 weeks high (31 Jul 06), to add if 15.8 is traded, just read : DBS Vickers tg 17.8, iocbc tg 17.7, fox tg 17.98, ms overweight, ml tg 18.5, mac outperform, average tg 18, tg will be 17.1 if average tg 18 is discounted 5% (02 Aug 06)
F12 Fibrechem - db breakout long time ago, tg 1.43, historical high, my tg 1.42, bot 1.22 on 31 Jul 06
D79 CG Tech - db .24-.35 breakout, tg .46, but historical high is .43, thus my tg .425, bot .35, high .36, (02 Aug 06)
E90 China Sky - db .76-1.11 breakout, tg 1.46, but historical high is 1.32, thus my tg 1.31, bot 1.12, closed at 1.10 (02 Aug 06)
M32 Midsouth - small db breakout, nl .555, tg .62 (recent rebound high), bot .56 (02 Aug 06)
Today (02 Aug 06) bottom formation breakouts have increased by another 3 (CG Tech, China Sky, Midsouth)to reach 15 in total for stocks on my radar, which is probaly a signal of further rebound of market to a target of 2472 (50% rebound of total loss from 2666 to 2278) or even higher, say, 2517 (61.8% of total loss from 2666 to 2278), before wave C down wave can proceed.
I decided to buy every breakout to avoid missing potential opportunities such as GES, no bias any more.
L26 Labroy Marine - nl 1.43, buy order not filled on 25/26/27/28/31 Jul 06 and 01 Aug 06 (02 Aug 06 update)
H78 HONGKONG LAND - db 3.34-3.80 tg 4.26, bot 3.82 on 24 Jul 06
G01 GES - db seems too small nl 1.05, not inetrested - a mistake, now (27 Jul 06) 1.22 due to Venture takeover offer of GES at 1.25
F33 FERROCHINA - db .56-.81 tg 1.06, bot 0.81 on 24 Jul 06, added 0.815 on 25 Jul 06, added .815 on 26 (?) Jul 06
D05 DBS - nl 18.2 tg 19.2 former high, bot 18.3 on 25 Jul 06, added 18.2 on 27 Jul 06, added 18.2 on 28 Jul 06, added 18.2 on 31 Jul 06
C56 CELESTIAL - db seems too small, tg 1.60 (corrected) former rebound high, bot 1.42 on 25 Jul 06, high 1.54 on 27 Jul 06, close to tg 1.60, looking to take profit from tomorrow onwards, tg triggered, high 1.63 on 31 Jul 06, a bigger db nl at 1.60 has been broken out on 02 Aug 06, high 1.66, tg 2.10, historical high, bigger db tg is even high than this, greed comes, I decided to cancel profit taking for the time being (02 Aug 06) since it is good time to buy rather than sell when the db nl is broken out.
Y62 Sino Env - rising triangle .565-.94, new high, blueline theory mentioned by The Art of Growing Money, chart formation target (tg) 1.31, bot .95 on 27 Jul 06, added .945 on 27 Jul 06, added .94 on 27 Jul 06, buy order at .94 and .94 not filled on 28 Jul 06, added 0.955 on 31 Jul 06, high .985
F83 Cosco - 52 week new high, Another blue line stock
T48 Singtel - db breakout, tg 2.76, nl 2.55, bot 2.52 on 28 Jul 06, added 2.52 on 28 Jul 06 (another account), hihg 2.59 on 31 Jul 06
T03 TAT - db breakout, nl 1.03
S72 SC Global - 52 week new high, nl 1.52
J36 JMH - db breakout, nl 18.4, buy order not filled on 28/31 Jul 06
U11 UOB - bot 15.5 on 31 Jul 06 on expectation of breakout of nl at 15.7, which was not achieved today (31 Jul 06), tg 17, the 52 weeks high (31 Jul 06), to add if 15.8 is traded, just read : DBS Vickers tg 17.8, iocbc tg 17.7, fox tg 17.98, ms overweight, ml tg 18.5, mac outperform, average tg 18, tg will be 17.1 if average tg 18 is discounted 5% (02 Aug 06)
F12 Fibrechem - db breakout long time ago, tg 1.43, historical high, my tg 1.42, bot 1.22 on 31 Jul 06
D79 CG Tech - db .24-.35 breakout, tg .46, but historical high is .43, thus my tg .425, bot .35, high .36, (02 Aug 06)
E90 China Sky - db .76-1.11 breakout, tg 1.46, but historical high is 1.32, thus my tg 1.31, bot 1.12, closed at 1.10 (02 Aug 06)
M32 Midsouth - small db breakout, nl .555, tg .62 (recent rebound high), bot .56 (02 Aug 06)
