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relax brother.....
take a break first.... and wait !
risktaker ( Date: 23-Nov-2010 17:14) Posted:
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between south and north there is DMZ..... if DMZ fires both side a round.... what will be actions on both sides ?
continue to fire more ?
From AmFraser:
Support $1.87-93
TP $2.06-09, $2.12-13
STI Support 3100, 3065
Minor resistance 3161-70
Major 3266-3270
The latest 17% correction from $2.35 peak to $1.95 today is the
sharpest fall since the August breakout from the long-standing $1.32
high in Jan, beating the 15% Sept plunge from $2.18 to $1.85.
Since the 40-cent gap so far between $2.35 and $1.95 almost equals
the 42c-46c monthly trading bands in Aug to Oct, the likely floor
ranging from $1.87 to $1.93 based on these calculations should be
close at hand.
Today’s $1.95-96 low completes the 38.2% retracement of the major
$1.32 and $2.35 highs with the half way mark at $1.84, around the
most recent low of $1.85.
There is no fundamental issue with the company or market to warrant
a correction of more than 20-25% to $1.88 and $1.77, the latter being
the 38% mark between 2010 low of 83.5c and $2.35.
Oversold indicators from MACD, RSI, etc can be monitored easily for
trading entry.
This week’s $2.07 high is the second lowest weekly high (lowest
being $2.06) in the last 10 weeks since the second major breakout in
mid-Sept from $1.83-85.
This raises the odds of capturing $2.06-07 as early as next week
followed by $2.09-13 which were the next series of higher weekly
highs before the high ones between $2.18-29 and of course $2.35
recorded on Nov 9.
Meanwhile, the STI which is down about 5% from 3313 to 3139
today is in the process of consolidating its gains for a yearend/
new year rally which should take it back to 3300-3400 by
Feb/March next year.
In fact Genting’s 17% latest plunge, if theoretically translated into an
STI loss would take the index to 2750, at the bottom of the yawning
700-point gap between 3444-2745 in Jan 2008, which the index is
just 130-points shy of covering the whole gap when it reached 3313
recently.
Support for STI is around 3100, half way between 2923 and 3270
both of which marks the 62% and 76% Fibonacci recovery points
between 3831 peak and 1455 bottom. If 3100 is breached it
should rebound fast on approach of next support at 3065 (3q07
low).
Soon -- Price to entry coming :)
| 16:08:33 | 1.960 | 2,085 | S |
| 16:08:32 | 1.960 | 2,000 | S |
| 16:08:31 | 1.960 | 450 | S |
FROM TELEGRAPH NEWS .......................
wow..... who got this picture ?
soloman ( Date: 23-Nov-2010 15:47) Posted:
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North Korea bombs South Korean island
North Korea has bombarded a South Korean island with artillery shells, injuring civilians and soldiers and setting more than 60 properties ablaze.
George Soros at work...from HK
BB shorting.....
can avoid please avoid..... otherwise no good advice can save you.
skip today.
too many bb sell
| 14:38:40 | 1.960 | 3,000 | B |
wait for a while.
btfans ( Date: 23-Nov-2010 14:30) Posted:
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gg this counter.
1.96 maybe.....wait.
good
jonasljk ( Date: 23-Nov-2010 12:14) Posted:
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if drop to 1.96 or rise above 2.2 then take action///
epliew ( Date: 23-Nov-2010 13:24) Posted:
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ha ha.... u still drinking..... wau lau.
AK_Francis ( Date: 22-Nov-2010 23:56) Posted:
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oh wait....
danger. my friend....
jm2212 ( Date: 23-Nov-2010 12:12) Posted:
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Just some info on market depth, cant copy and paste but here goes 1.96 - 5.2 mil 1.97 - 6.8 mil 1.98 - 20.8 mil 1.99 - 9.5 mil 2.0 - 8.9 mil 2.01 - 7.7 mil 2.02 - 5.1 mil
i like your style. but i prefer to shop after china and ireland sort out their issues