Outlook for 17 Dec 2007

Currently, we are below the downtrend lines ( Grey ) in both charts. Holidays are around the corner so weaker volume ahead. 50, 100 & 200 MA look like joining together soon.

Outlook for 28 Nov 2007

Hi, I'm back! So far, we have quite a few bad weeks. But no fear, currently, there seem to have signs of bottoming. As long as we don't break 3312 ( last week low ). We are safe, enjoy the year end rally!

Outlook for 5 Nov 2007

Look like this coming week, we are set for another trading range movement. Overall, I look to the downside...

After Rate Cut!

Before US Fed Rate Cut Announcement!

Firstly, the DJI chart and this week S1, R1 & N lines. Tonight( Singapore Time ), Fed will make the announcement. Most people will hope for a 0.25% rate cut and stock market tomorrow will rally to new highs ( Just like what had happen 6 weeks ago ). Personally, I feel that even if Fed drop rate by 0.25%, I don't think market will rally again.
It is my wish that Fed don't make this cut as we see the effect on Crude Oil price & USD. Recently, I read an article on "Inflate or Die". In the article, it explained the problem that Fed are facing and why the choose to cut rates. But I rather the market die now then later. As the problem will get bigger and the bust will affect deeper ( more people will die or suffer ).
Let's just see what happen later....................................................................................

Outlook for 1 Oct 2007

I have some difficulty showing you the R1 vaule on the chart. For STI R1 at 3720 & R2 at 3810.
And Dow R1 at 14041 & R2 at 14200.
Please look closely at the red & green arrows showing the volume in the charts. There is also a divergence of MACD histogram & DJI index.
( Refering to Dow Jones) This month of Sept we made a 4.03% gain, the last time that a month of Sept with this good performance is in 1998. I believe that the month of Oct we will have a correction. Only time will tell.