Genting Sing    Last:0.715   -

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woah, i am so selling. based on this report.

Leinadgnow      ( Date: 16-Nov-2010 04:19) Posted: Crude palm oil futures on Malaysia’s derivatives exchange ended lower Friday, mirroring losses in other commodity markets, with investors liquidating longs to book profits on concerns China might further tighten credit to rein in inflation. Commodities in China including cotton, sugar and rubber tumbled by the daily trading limit amid the Chinese government’s moves to curb inflation. The benchmark January contract on the Bursa Malaysia Derivatives ended MYR43 or 1.3% lower at MYR3,353 a metric ton, after tumbling as much as 3.7% to an intraday low of MYR3,269/ton. “The correction in the CPO market is long overdue after the sharp surge in prices. CPO futures may come off lows as investors may embark on bargain-hunting next week,” said a trading executive based in Kuala Lumpur. Palm oil prices tumbled amid concerns China and India may ease purchases after rose to a 28-month high on Nov. 11. India’s vegetable oil imports may drop 2% in the marketing year through October 2011 due to rising global prices, said Sat Narain Aggarwal, chairman of the Central Organization for Oil Industry and Trade. Palm oil sourced from Malaysia and Indonesia accounts for about 70% of India’s total vegetable oil imports. Soyoil prices on the Chicago Board of Trade fell as much as 245 points to the day’s low of 52.58 cents a pound, dragging down palm oil prices as both oils compete for similar export destinations. At 1020 GMT, December soyoil was trading 194 points lower at 53.09 cents a pound. The stronger dollar also capped gains in other commodity markets. The ringgit fell to MYR3.1130 compared with Thursday’s level at MYR3.0900. Several deals were reported in the physical market, with palm olein cargoes for January, February, March delivery traded at $1,115/ton. Shipments for April, May, June at $1,100/ton, $1,110/ton. July, August, September traded at $1,100/ton, free on board Malaysian ports, a Singapore-based physical market broker said. Cash CPO for prompt delivery was offered MYR50 lower at MYR3,360/ton. The most-active January rupiah-denominated CPO contract on the Indonesia Commodity and Derivatives Exchange was trading around 2.3% lower at IDR9,665/ton. The dollar-denominated January CPO contract on Globex was $4.50 lower at $1,080.75/ton at 0954 GMT. Open interest on the BMD was 74,477 lots compared with 73,537 lots Thursday, while a total of 29,159 lots were traded versus 33,441 lots. One lot is equivalent to 25 tons.   Hope this is helpful for you Bladez.

 

Done.. im going for breakfast now and to sleep... please read this post on gar if you have the time .. Nights all .. 

 

 

http://diaryofasingaporetrader.blogspot.com/2010/11/gar-indepth-analysis-long-post.html

 

Crude palm oil futures on Malaysia’s derivatives exchange ended lower Friday, mirroring losses in other commodity markets, with investors liquidating longs to book profits on concerns China might further tighten credit to rein in inflation.

Commodities in China including cotton, sugar and rubber tumbled by the daily trading limit amid the Chinese government’s moves to curb inflation.

The benchmark January contract on the Bursa Malaysia Derivatives ended MYR43 or 1.3% lower at MYR3,353 a metric ton, after tumbling as much as 3.7% to an intraday low of MYR3,269/ton.

“The correction in the CPO market is long overdue after the sharp surge in prices. CPO futures may come off lows as investors may embark on bargain-hunting next week,” said a trading executive based in Kuala Lumpur.

Palm oil prices tumbled amid concerns China and India may ease purchases after rose to a 28-month high on Nov. 11.

India’s vegetable oil imports may drop 2% in the marketing year through October 2011 due to rising global prices, said Sat Narain Aggarwal, chairman of the Central Organization for Oil Industry and Trade.

Palm oil sourced from Malaysia and Indonesia accounts for about 70% of India’s total vegetable oil imports.

Soyoil prices on the Chicago Board of Trade fell as much as 245 points to the day’s low of 52.58 cents a pound, dragging down palm oil prices as both oils compete for similar export destinations.

At 1020 GMT, December soyoil was trading 194 points lower at 53.09 cents a pound.

The stronger dollar also capped gains in other commodity markets.

The ringgit fell to MYR3.1130 compared with Thursday’s level at MYR3.0900.

Several deals were reported in the physical market, with palm olein cargoes for January, February, March delivery traded at $1,115/ton. Shipments for April, May, June at $1,100/ton, $1,110/ton. July, August, September traded at $1,100/ton, free on board Malaysian ports, a Singapore-based physical market broker said.

Cash CPO for prompt delivery was offered MYR50 lower at MYR3,360/ton.

The most-active January rupiah-denominated CPO contract on the Indonesia Commodity and Derivatives Exchange was trading around 2.3% lower at IDR9,665/ton.

The dollar-denominated January CPO contract on Globex was $4.50 lower at $1,080.75/ton at 0954 GMT.

Open interest on the BMD was 74,477 lots compared with 73,537 lots Thursday, while a total of 29,159 lots were traded versus 33,441 lots. One lot is equivalent to 25 tons.

 

Hope this is helpful for you Bladez.

 

wow..I didnt know stock can be so complicated...can I talk to you computer?

Leinadgnow      ( Date: 16-Nov-2010 02:20) Posted: Gaecia... I don't see the potential for the rising flag formation yet because of the immediate descending triangle (head and shoulders formation) .. Defintely in consolidation mode as volume has drop which is a pre requisite to a rising flag formation. Also, i really don't see it rising yet mate... yup.. defintely the 0.715 is the testing point 2mrw... Breach that and houston we have a problem.. Potential rising flag formation isn't wrong entirely.. but i am more concern about the immediate which is how low can the head and shoulders formation fall get? It hasn't bottom out yet defintely... check 14d stochastics and rsi please... and the closest support is at 0.7 .. however.. good news is that usa did well today .. and on top of that, the fall seems to be easing in terms of steepness.. If you differentiate the curve of the slope using quantitative finance method, the rate of change has dropped and it seems to be easing up, losing momentum... however, as long as it hasn't cross it's MA20 line yet and shown any clear signs, i will remain bearish on this stock till proven otherwise. shooting star on the weekly chart both weeks... might down another week.    I'm going to do a detailed breakdown teching on GAR for you guys... i have to post it to my blog www.diaryofasingaporetrader.blogspot.com as i dunno how to upload the pictures here... and yes.. it's my blog.. i just didn't wanna share that it was me.. cause i was afraid pple wouldn't read it objectively if they figure out it's some 21 yr old kid writing the articles.... but i dun care already .. thanks to ssg for that PM .. it woke me up...    Anyway, okay my opinion on this is strictly my opinion.. don't bank on it and don't rely on it for your hard earn cash .. I really do have a strong gut feeling that GAR will drop abit more before bouncing back.. please watch and wait and look for the signals.. it's not bottoming out yet... still got abit of room for dropping...   Bladez.. i will keep in constant contact with you ... all i can say now is make that decision and make it quick ... only  you can make it.. and don't regret any decisions.. you have to formulate a plan fast and stick to it... follow your gut instinct and not hope.. clear your mind of any  fear or hope right now and objective look and stare at the charts as you would if you weren't vested.. and then follow that decision because it would most  likely to be the most accurate. Think of all the times u made the right decision.. what you did.. and what you felt.. and follow it.   Back to my books at starbucks again.. zzz

 

Gaecia... I don't see the potential for the rising flag formation yet because of the immediate descending triangle (head and shoulders formation) .. Defintely in consolidation mode as volume has drop which is a pre requisite to a rising flag formation. Also, i really don't see it rising yet mate... yup.. defintely the 0.715 is the testing point 2mrw... Breach that and houston we have a problem.. Potential rising flag formation isn't wrong entirely.. but i am more concern about the immediate which is how low can the head and shoulders formation fall get? It hasn't bottom out yet defintely... check 14d stochastics and rsi please... and the closest support is at 0.7 .. however.. good news is that usa did well today .. and on top of that, the fall seems to be easing in terms of steepness.. If you differentiate the curve of the slope using quantitative finance method, the rate of change has dropped and it seems to be easing up, losing momentum... however, as long as it hasn't cross it's MA20 line yet and shown any clear signs, i will remain bearish on this stock till proven otherwise. shooting star on the weekly chart both weeks... might down another week. 

 

I'm going to do a detailed breakdown teching on GAR for you guys... i have to post it to my blog www.diaryofasingaporetrader.blogspot.com as i dunno how to upload the pictures here... and yes.. it's my blog.. i just didn't wanna share that it was me.. cause i was afraid pple wouldn't read it objectively if they figure out it's some 21 yr old kid writing the articles.... but i dun care already .. thanks to ssg for that PM .. it woke me up... 

 

Anyway, okay my opinion on this is strictly my opinion.. don't bank on it and don't rely on it for your hard earn cash .. I really do have a strong gut feeling that GAR will drop abit more before bouncing back.. please watch and wait and look for the signals.. it's not bottoming out yet... still got abit of room for dropping...

 

Bladez.. i will keep in constant contact with you ... all i can say now is make that decision and make it quick ... only  you can make it.. and don't regret any decisions.. you have to formulate a plan fast and stick to it... follow your gut instinct and not hope.. clear your mind of any  fear or hope right now and objective look and stare at the charts as you would if you weren't vested.. and then follow that decision because it would most  likely to be the most accurate. Think of all the times u made the right decision.. what you did.. and what you felt.. and follow it.

 

Back to my books at starbucks again.. zzz


 

 

i also thought Gar's quite oversold. Daniel, do u not see the possibility of rising flag formation on goldenagri's charts? I've also looked at usd index's macd histogram is coming off peak of its current double top. Is that a gd short term bullish signal for commodities?

That's what i'm banking on mid-wk - later part of the week. Should it happen, bladez do remember to take the opportunity.

Leinadgnow      ( Date: 16-Nov-2010 01:05) Posted: k bladez.. balek my previous message.. don't sell yet.. usa and europe doing quite well.. might be bouncing back and seeing a faster bullish reversal then per normal.. just hang in there tight k .. base on usa's performance today... i suggest you set stop loss at 0.7 .. cause if Golden agri don't open up .. and still goes down despite euro and usa doing pretty well tonight.. then it's a goner... no point hanging on... My charting is teching.. but cannot predict that sudden reversal of bullish sentiments .. i'm not a seer.. so please watch for opening of golden agri... and watch how sti goes..

 

ooh haha sorry i've misunderstood, tomato's so nice. I won't do contra, no guts for that... Its just to find out when everyone says jump onboard gsp is it really such a great ideal to join in the parade. If G13 acts erratic on the upturn trend and reverse downwards again then maybe Gaecia will be slow to react and get caught in the 2nd downtrend. That's like halloweened thrice over for me. ;o

 

icetomato      ( Date: 16-Nov-2010 00:58) Posted: Anyway, US and Europe looking well at the moment. :)

 

k bladez.. balek my previous message.. don't sell yet.. usa and europe doing quite well.. might be bouncing back and seeing a faster bullish reversal then per normal.. just hang in there tight k .. base on usa's performance today... i suggest you set stop loss at 0.7 .. cause if Golden agri don't open up .. and still goes down despite euro and usa doing pretty well tonight.. then it's a goner... no point hanging on... My charting is teching.. but cannot predict that sudden reversal of bullish sentiments .. i'm not a seer.. so please watch for opening of golden agri... and watch how sti goes.. 

 

hey bladez.. sorry to say that you are right.. first sign of the parabolic SAR is coming down .. first of the chart today... as well as All signs pointing to a downward trend. CCI trending down and RSI 5D though below 30%, 14Days still haven down yet.... stochs 14D only 60% plus still long way to go down .. 

 

U want my opinion? shut your trades.. suck it up .. free your capital for the next input.. and gtfo out of there... no where near the light yet bro... u hold for 1 more day... just tahan .. see if it breaks the 0.715 mark anot k ... if break .. set your stop loss at 0.71 .. dun care.. dun see it.. let the computer auto sell it.. dun check it.. dun check ur bank account blah blah.. just let it off first.. then go and sleep.. wake up .. and rethink strategy.. seriously.. or ask bullish tempo what to do next k ... best advice.. stop loss for the win .. i dun wanna see you go down even more.... 

 

You yourself said it.. signs all there.. trend all there.. only thing now that is stopping u is your fear and hope.. and emotions... u urself can say it... can you carry it out? choose for yourself okay? I suggest you i checking palm oil prices and djia for you now.. wait ah...

 

WAH okay okay.. i dun think you should sell it yet k ..... umm Dj and usa index up ... you go check palm oil prices.. usually if djia usa up ... then usd down .. greenback down ..commods will go up as money influx into commods and equities.. i strongly suggest you check palm oil prices and usd .. palm up .. usd down ... and djia remains green .. think 2mrw might have reversal for that really small hammer.. good luck bro.

bladez87      ( Date: 15-Nov-2010 23:32) Posted: my MACD shows a bearish cross over trend for GAR,  CCI overbought region trending down, RSI 5d hit below 30% and stochs already reached  below 20%. parabolic stop shows a sell signal, while inverted hammer is a small reversal sign. PLS PLS PLS DOW JONES UP AND PULL STI UP TOO! my GAR dropped too much liao!

 

Anyway, US and Europe looking well at the moment. :)

 

-_-" ... What sacarstic.. Just concerned. What's with you pple today lo? Omg! This point of time Contra quite risky thus I have been staying sidelines for Contra. Unless maybe if you are really very good at all the analysis stuffs which I am not (repeat again, I cannot read charts etc... Might go for Trading Course 250 if schedule doesn't clash). Seriously, I'm not the best person to ask for advise. Haha. What I usually do are not supported by strong analysis back up.

Gaecia      ( Date: 15-Nov-2010 23:36) Posted: u smartie pants, so sarcastic huhh. Anyway honestly tomato, do u feel pouncing on gensp at this time is a great idea? Time horizon for most here ie. 80% is intra otherwise only 3 days to realise trade on high vol contra 50k - 150k lots is norm, like u do right? I'm learning to filter market noise and whether to follow the herd or not. Behavorial wise, it used to be (from the past few selldowns), the best time to enter position was when everyone's down and out in the red with few still greedy to buy in, marks the significant reversal day. Not sure whether its consistent this time, i must be thinking to much really! Lol icetomato      ( Date: 15-Nov-2010 23:11) Posted: Ok good! Was just worried you went in in the morning cause remembered you mentioning it. Nvm! You are too smart for that anyway :D

 

In order not to hav ta lose your pants, u only need to pray for 1 single element to fall; the US Dollar Index (EOD).

All asset classes will float and likewise so will u, above water. 

Good nite bladez. There's really not much point in worrying abt things that u cannot help, except on how u can plan to exercise your positions.

bladez87      ( Date: 15-Nov-2010 23:32) Posted: my MACD shows a bearish cross over trend for GAR,  CCI overbought region trending down, RSI 5d hit below 30% and stochs already reached  below 20%. parabolic stop shows a sell signal, while inverted hammer is a small reversal sign. PLS PLS PLS DOW JONES UP AND PULL STI UP TOO! my GAR dropped too much liao!

 

Worst worst I can oni tahan to $2.... i dun think will drop so jialat to 1.86 unless sumthing really bad or bear market is in total control....

cannotfind      ( Date: 15-Nov-2010 19:15) Posted: Wow... Daniel also said 2.07, 2.00 and 186!!!!

 

u smartie pants, so sarcastic huhh. Anyway honestly tomato, do u feel pouncing on gensp at this time is a great idea? Time horizon for most here ie. 80% is intra otherwise only 3 days to realise trade on high vol contra 50k - 150k lots is norm, like u do right?

I'm learning to filter market noise and whether to follow the herd or not. Behavorial wise, it used to be (from the past few selldowns), the best time to enter position was when everyone's down and out in the red with few still greedy to buy in, marks the significant reversal day. Not sure whether its consistent this time, i must be thinking to much really! Lol

icetomato      ( Date: 15-Nov-2010 23:11) Posted: Ok good! Was just worried you went in in the morning cause remembered you mentioning it. Nvm! You are too smart for that anyway :D Gaecia      ( Date: 15-Nov-2010 21:01) Posted: tomato, i was out in the afternoon and don't use iphone. Nope i won't buy ocbc and commit so much $ because i mainly cash trade for a peace of mind. Ocbc's pricey now and slightly off its 2 year high, today's only the 2nd black candle sitting btw the top and middle moving avg envelope lines. I didn't buy it when i watched ocbc at $4.9 way back and even more so now.     With more upside i prefer to put some money on genting or noble. Anyway should gsp complete bullish reversal in 3 days that's considered very fast, will it come so easily? Reversal tp has anyone predicted thru charting is it 2.07 - 2.18, possibly reached intraday on huge vol buying & short covering? And what happens after the run up? trend sideways or fall again? 2.18 we'd just seen this price today. Daniel, what's your take on this? The last significant fall was frm 2.16 all the way to 1.85, it took 8 black candles to wipe out 30 cents. Key reversal we saw 1 long white candle frm opening and the period after gsp trended sideways for 1-2 weeks.  Being a component stock gensp will likely trend in the same direction as STI i reckon, we should also keep an eye on the next support 3215.

 

whey u smartie pants, so sarcastic huhh. Anyway honestly do u feel pouncing on gensp at this time is a great idea? Time horizon for most here ie. 80% is intra otherwise only 3 days to realise trade on high vol contra 50k - 150k lots is norm, like u do right?

I'm learning to filter market noise and whether to follow the herd or not. Behavorial wise, it used to be (from the past few selldowns), the best time to enter position was when everyone's down and out in the red with few still greedy to buy in, marks the significant reversal day. Not sure whether its consistent this time, i must be thinking to much really! Lol

 

my MACD shows a bearish cross over trend for GAR,  CCI overbought region trending down, RSI 5d hit below 30% and stochs already reached  below 20%. parabolic stop shows a sell signal, while inverted hammer is a small reversal sign.

PLS PLS PLS DOW JONES UP AND PULL STI UP TOO! my GAR dropped too much liao!

 

no wonder daniel so successful! cause he henpecked! pa lao po cai neng fa cai. or something along that line. haha

sian, didnt bail out in time for my GAR and genting hk. daniel, any recommendations anot, i still got gar at .78 and GHK at .46.

GAR more important cause is 70% of my portfolio.

 

Ok good! Was just worried you went in in the morning cause remembered you mentioning it. Nvm! You are too smart for that anyway :D

Gaecia      ( Date: 15-Nov-2010 21:01) Posted: tomato, i was out in the afternoon and don't use iphone. Nope i won't buy ocbc and commit so much $ because i mainly cash trade for a peace of mind. Ocbc's pricey now and slightly off its 2 year high, today's only the 2nd black candle sitting btw the top and middle moving avg envelope lines. I didn't buy it when i watched ocbc at $4.9 way back and even more so now.     With more upside i prefer to put some money on genting or noble. Anyway should gsp complete bullish reversal in 3 days that's considered very fast, will it come so easily? Reversal tp has anyone predicted thru charting is it 2.07 - 2.18, possibly reached intraday on huge vol buying & short covering? And what happens after the run up? trend sideways or fall again? 2.18 we'd just seen this price today. Daniel, what's your take on this? The last significant fall was frm 2.16 all the way to 1.85, it took 8 black candles to wipe out 30 cents. Key reversal we saw 1 long white candle frm opening and the period after gsp trended sideways for 1-2 weeks.  Being a component stock gensp will likely trend in the same direction as STI i reckon, we should also keep an eye on the next support 3215.

 

Thanks, Leinadgnow , I'd sold my Gensp at 2.16 which bght high at 2.33 & Gar at 0.73 which bght high too at 0.775 , took ur advice , though its very costly to cut loss but feel much better than to see it gg down all the way .   Shall wait for better time to buy again !  Hope u can still post over here for ppl like me , thank u !

watermelon      ( Date: 15-Nov-2010 13:49) Posted: Hi, Leinadgnow....er... difficult to pronounce your name , lol!! Thanks for sharing your thoughts , we newbies need someone like you to guide us , really appreciate ! :-) Leinadgnow      ( Date: 15-Nov-2010 13:34) Posted: hi guys!! im back .. sorry have been sleeping at 8am everyday due to my hectic studying and trading schedule.. anyway... GAR might fall and hit 0.7 as it is testing it's support line of 0.715-0.72 now .. if that falls.. 0.7 is almost plausible.. GAR absolutely almost no support due to the super duper high candle stick the other time.. so free fall downwards quite scary ...   For genting, testing  2.12 support now... if that fails.. u can start looking at 2.07 and 2 as  supported by its 50 day MA ... if it breaks 2.12.. it's a CLEAR signal of a bearish market dropping towards the bottom of the bollingerband which coincides with MA50..but the end is near... it's gonna hit the bottom of the bollingerband which coincides with 2.05-2.07 .. thus my tp price to buy at 2.05-2.08 ..   I say again. .i only offer you teching and fundamental advice... you can slam meand say that i'm bearish .. you can say i'm just a techie with charts.. and it's the market sentiment thats everything.... you can say that i dunno what im talking about and refuse to listen... but all i can say again.. is that the market never lies... the chart which is a reflection and a statistics of the market's sentiment never wavers... so i stick by it .. and it has done me well so far.. you wanna listen...good for you.... dun want to then just take it as a mad man ranting.... please don't pm me stupid stuff..Anyway .. my views are in line with this other guy who i feel offers very in depth teching but a bit long winded... www.diaryofasingaporetrader.blogspot.com   Cheerios

 

gotta make this short and sweet.. gf piss with me for taking my study breaks to type hahaha .. and not spend time with her.. she go toilet now . .so can type.. umm never thought of reverse tp .. cause i thought genting will go up .. but

I realize that a new head and shoulders formation was form.. see line chart... and i would say the reversal tp is between 2.17 - 2.2 if really toh....

 

However, i am abit concern about the kk talk later.. she come back already.

Gaecia      ( Date: 15-Nov-2010 21:01) Posted: tomato, i was out in the afternoon and don't use iphone. Nope i won't buy ocbc and commit so much $ because i mainly cash trade for a peace of mind. Ocbc's pricey now and slightly off its 2 year high, today's only the 2nd black candle sitting btw the top and middle moving avg envelope lines. I didn't buy it when i watched ocbc at $4.9 way back and even more so now.     With more upside i prefer to put some money on genting or noble. Anyway should gsp complete bullish reversal in 3 days that's considered very fast, will it come so easily? Reversal tp has anyone predicted thru charting is it 2.07 - 2.18, possibly reached intraday on huge vol buying & short covering? And what happens after the run up? trend sideways or fall again? 2.18 we'd just seen this price today. Daniel, what's your take on this? The last significant fall was frm 2.16 all the way to 1.85, it took 8 black candles to wipe out 30 cents. Key reversal we saw 1 long white candle frm opening and the period after gsp trended sideways for 1-2 weeks.  Being a component stock gensp will likely trend in the same direction as STI i reckon, we should also keep an eye on the next support 3215.