ShareJunction - Member Posts

x 0

Below is my amended daily chart analysis (correction for the dark cloud cover and bearish engulfing error)

for sharing and exchange pointers.

My TA chart is posted to share n exchange pointers with those TA practitioner whom believes in TA.

If u are a TA detractor, plse just ignore n refrain from peeping at my chart posting n start

making unconstructive comments and plse do not be so childish or lunatic as to abuse the

rating system by rating it as "bad post", accumulating for yourself and your

next generation, "bad" karma for your "bad" deeds.

If u think it is a bad post, then be constructive and kindly post your TA for sharing.

This is only my view n I may be right or wrong, so dyodd.

x 0

Hi jasonsg,

Not to worry, we are matured adults, nothing to be offensive at all, we are here to exchange pointers and must agree to disagree.

The rules of recognition of shooting stars:

1. Prices gap up after an uptrend (yes, Midas is in an uptrend and gapped up)

2.A small real body is formed near the lower part of the price range. (Yes, fulfilled)

3. The upper shadow is at least 3 rtimes as long as the body (almost, very close to 3)

4. The lower shadow is virtually non-existent or very short. (yes)

5. It is not a major reversal signal.

A inverted hammer looks exactly as a shooting star, except tat it appears in a downtrend

whereas a shooting star appears in an uptrend.

When a shooting star condtion is fulfilled, it will forms a mkt top but a fake shooting star

does not result in trend reversal, thus cause a continuation of the uptrend, hence will not form a mkt top.

Yes, I too do not just rely on candlestick, I also look at the mkt in perspective together with FA and

confirmation of other indicators.

My purpose of posting this chart of fakes candle is to create an awareness and alert newbies and fellow TA practitioner

not to be tricked by such fakes and best to wait for confirmation.

Hope this clarifies.

jasonsg ( Date: 02-Aug-2009 20:29) Posted:

hi, richtan, I misunderstood what u mean.Anyway the chart of midas looks healthy until now. but this chip greatly fall behind sti, which is pretty disappointing, even though it is a manufacture company (which is not usually the persue of the market). Two points i want to mention. 1. a star stick should have a very small body, so i think last friday start are not really star (more like a reverse hammer). 2. a shoot star is only meaningful when it is at top or at bottom, so i think lot of ur fake shooting star are not really "fake shooting star". I think the only meaningful indicator in this chart is bearish engulfing one. This might not be relavant, the candle stick anlysis is quite sensitive and actually have a lot of what ur called "fake indicator". In real world i always combine this analysis with my "average line" as well as sector and STI analysis. Anyway, i am not offensive, and i actually also a TA lover even though i also read a lot of finacial sheet.

x 0

Hi cheemeng,

Looking at the chart, it is like a fetus, still under-developed, so at this point in time,

can't tell wheyther it is to be a boy or girl yet, more time is needed, must wait for further development , t

o see whether the scan can see a banana to confirm.

lawcheemeng ( Date: 02-Aug-2009 15:42) Posted:

hi richtan, hope you take a look at ksh past record and see is it a cup and handle formation. know m on the wrong thread. wish you help. thks

richtan ( Date: 02-Aug-2009 00:31) Posted:

Hi cheongwee,

WOW!!! warm welcome back to this forum.

Yes, I agree wholeheartedly with u tat TA , analyst reports and even news are just a guide and are not infallibe,as noticed at times good news but mkt may still either go up or down (when down, news and analysts report will then say it is discounted already by the mkt), thus why must dyodd and set stop-loss n responsible for own trading actions, dun blame others for our own actions.

x 0

Read today's Sunday Times, "World section", pg 24:

"Blue chips leading US stock mkt revival - Fundamentals, not euphoria, are driving latest rally"

x 0

Hi cheongwee,

WOW!!! warm welcome back to this forum.

Yes, I agree wholeheartedly with u tat TA , analyst reports and even news are just a guide and are not infallibe,as noticed at times good news but mkt may still either go up or down (when down, news and analysts report will then say it is discounted already by the mkt), thus why must dyodd and set stop-loss n responsible for own trading actions, dun blame others for our own actions.

cheongwee ( Date: 02-Aug-2009 00:19) Posted:

I hope i am not abt to start another war here, chart and TA are base on what had already happen, trade that are already done, and they are use as a guide,,,,plain guide, to forcast the next most likely up or down move.

If chart and TA are so accurate, i believe those use TA and chart will agree, then analyst will be "gods".........they uses the most chart and TA..read up on analyst recommendation,,,......pay a fee and learn from them and follow their recommendation and be rich.........this forum is free....so it is useless.............and it is also dangerous.....you end up buying on ppl call....pls dont bother to come to this forum anymore....this forum may cause u to lose money....like some said here...

please dont be angry,,, i just say what i think from your posting......it is nothing, but just another blaming other people post.......

stock market perforemance are base on economic data, some of which are lagging and some of it are leading indicater....

Juzztrade ( Date: 01-Aug-2009 13:21) Posted:

ShareJunction Forum Discussions offer investors the opportunity to exchange stock ideas and share information on listed companies. But please bear in mind that you could be reading a posting by someone who have missed the stock price and are trying to talk down a counter or trying to 'hype up' the stocks in a forum. Nevertheless, it can be a good learning ground if you use it wisely. At the end of the day, you make up your own decision from what you have seen and learnt. It is also wise to pay some subscription to some investment institution for TA and recommendation. Pay a fee and learn from them.

Learn to differentiate between the people who give logical valid stock interpretation and whose who are have hidden agenda and etc. You may also reading to postings from the same person with different Nicks.

When I first started in 2007, I nearly got burnt by Ferrochina posting. Luckily I managed to sell my holding in time and got all my money back.

x 0

Ooops, sorry about the mistake in the chart, should be "fake bearish engulfing", not "fake dark cloud cover", labeled wrongly. .

The black candle after the 1st candle at the beginning of the chart (ie before 9th March), is a fake 'dark cloud cover"

richtan ( Date: 31-Jul-2009 23:28) Posted:

Below is my daily chart analysis for sharing and exchange pointers.

My TA chart is posted to share n exchange pointers with those TA practitioner whom believes in TA.

If u are a TA detractor, plse just ignore n refrain from peeping at my chart posting n start

making unconstructive comments and plse do not be so childish or lunatic as to abuse the

rating system by rating it as "bad post", accumulating for yourself and your

next generation, "bad" karma for your "bad" deeds.

If u think it is a bad post, then be constructive and kindly post your TA for sharing.

This is only my view n I may be right or wrong, so dyodd.

x 0

Hi jasonsg,

To learn more about shooting star, do an internet search on "shooting star candlestick"

x 0

U.S. Stocks Advance for Third Week as Earnings Beat Estimates

Share | Email | Print | A A A

By Elizabeth Stanton

Aug. 1 (Bloomberg) -- U.S. stocks rose for a third week, completing the Dow Jones Industrial Average’s best month since 2002, as companies from Motorola Inc. to MasterCard Inc. topped analysts’ profit estimates.

Amgen Inc., the world’s largest biotechnology company, and Dow Chemical Co., the largest U.S. chemical maker, gained after earnings beat projections. General Electric Co. surged 11 percent on speculation new banking rules will allow it to keep its finance unit. Yahoo! Inc. slumped after terms of an Internet-search accord with Microsoft Corp. were less favorable than analysts predicted.

“What’s been driving the market is the idea that maybe this recession isn’t going to be as severe or prolonged as we thought,” said Samuel Stewart, president of Wasatch Funds, which manages $5 billion in Salt Lake City. “The market is now behaving as though the credit crisis was a blip on the radar.”

The S&P 500 rose 0.8 percent to 987.48, the highest since Nov. 4, capping its fifth straight monthly advance. The main benchmark for American equity has rebounded 46 percent from a 12-year low on March 9. The Dow Jones Industrial Average rose 78.37 points, or 0.9 percent, to 9,171.61, extending its monthly advance to 8.6 percent, the biggest since October 2002. The Russell 2000 Index of small companies added 1.5 percent to 556.71.

Earnings Top Estimates

About three-quarters of the 148 companies in the S&P 500 that released second-quarter results this week topped estimates, according to data compiled by Bloomberg. Companies slated to report next week include Kraft Foods Inc., Procter & Gamble Co. and Cisco Systems Inc.

Companies in the S&P 500 are still headed for a record eighth consecutive decline in quarterly profits. Per-share earnings have tumbled 32 percent for the 352 companies in the S&P 500 that have reported results since June 17. Analyst estimates compiled by Bloomberg call for a 31 percent drop in the second quarter and a 22 percent third-quarter decline. While earnings are falling, results have topped projections by an average 10 percent.

“There is a broader sense that the decline is over,” said Stephen Lieber, chief investment officer of Alpine Mutual Funds in Purchase, New York, which manages $6 billion. “Corporate earnings in the last week have been singular in importance.”

Motorola climbed 8.8 percent to $7.16. The biggest U.S. mobile-phone maker posted a narrower second-quarter loss than analysts projected, helped by job cuts and a recovery in handset shipments.

MasterCard Climbs

MasterCard rose 4.6 percent to $194.03. The world’s second- biggest payment-card network reported earnings excluding some items of $2.68 a share, 11 percent higher than the average analyst estimate. MasterCard raised fees, slashed expenses and processed more transactions during the quarter.

Amgen added 2.3 percent to $62.31. The world’s largest biotechnology company raised its full-year earnings forecast after second-quarter profit excluding some items beat the average analyst estimate by 11 percent. Amgen cut research costs and increased sales of its arthritis drug Enbrel.

Dow Chemical advanced 4.9 percent to $21.17. The largest U.S. chemical maker posted an unexpected second-quarter profit as demand for its products stabilized. The average analyst estimate was for a loss.

GE Gains

General Electric, the world’s biggest non-bank financial company, advanced 11 percent to $13.40. U.S. Representative Barney Frank said manufacturers that already own finance businesses should be allowed under revised banking rules to retain them without being subject to Federal Reserve oversight of their manufacturing operations. Frank heads the U.S. House Financial Services Committee.

Financial stocks in the S&P 500 climbed 4.4 percent, the steepest among 10 industries. Old National Bancorp, an Indiana- based financial-service company, reported second-quarter profit excluding some items that was more than four times the average analyst estimate, sparking a rally in regional banks.

Marshall & Ilsley Corp., Wisconsin’s largest lender, led gains, surging 26 percent to $6.04. Old National climbed 15 percent to $11.30 and Zions Bancorp., the Utah lender that operates in 10 Western states, rose 21 percent to $13.58.

Yahoo fell 18 percent to $14.32. The owner of the second- most popular U.S. Internet search engine will use Microsoft’s search engine on its Web sites and sell ads that appear next to search results. The agreement with Microsoft, the world’s largest software maker, didn’t include an upfront payment for Yahoo, which some analysts had estimated could be as much as $3 billion.

Recession Saps Demand

Exxon Mobil Corp. led energy companies to the second- biggest decline among the S&P 500’s 10 main industry groups. The world’s largest energy company fell 2.6 percent to $70.39 after reporting its lowest profit in more than five years as the recession sapped fuel demand.

Masco Corp. rose 26 percent to $13.93 for the biggest gain in the S&P 500. The insulation installer forecast a loss this year of as little as 5 cents a share, compared with the average analyst loss estimate of 26 cents.

Akamai Technologies Inc. fell 22 percent to $16.44 for the biggest drop in the S&P 500. The provider of software that makes Web sites load faster reported profit excluding some items of 40 cents a share in the second quarter, missing the average analyst estimate by 1.5 percent.

Reports next week will probably show employers cut jobs at a slower pace in July and the factory slump eased, according to economists’ forecasts, suggesting the recession is ending.

To contact the reporter on this story: Elizabeth Stanton in New York at estanton@bloomberg.net Last Updated: August 1, 2009 08:00 EDT

x 0

China Manufacturing Expands a Fifth Month, PMI Shows (Update3)

Share | Email | Print | A A A

By Bloomberg News

Aug. 1 (Bloomberg) -- China’s manufacturing expanded for a fifth month as record lending and a 4 trillion yuan ($586 billion) stimulus plan drove a recovery in the world’s fastest- growing major economy.

The official Purchasing Managers’ Index rose to a seasonally adjusted 53.3 in July from 53.2 in June, the Federation of Logistics and Purchasing said today in Beijing in an e-mailed statement. A reading above 50 indicates an expansion.

China’s stimulus spending and subsidies for consumer purchases have countered a collapse in exports and helped companies from chipmaker Semiconductor Manufacturing International Corp. to automaker General Motors Co. The nation’s policy makers will take their cue from the U.S. on when to end economic rescue efforts, central bank Governor Zhou Xiaochuan said July 28 in Washington.

“The recovery is very strong,” said Wang Tao, an economist with UBS AG in Beijing. “But it’s not yet stable, because it’s all stimulus driven.”

An export-order index rose to 52.1 in July from 51.4 in June, the PMI showed. The output index increased to 57.3 from 57.1. A measure of new orders was unchanged at 55.5.

China’s economic growth accelerated in the second quarter, gaining 7.9 percent from a year earlier. The manufacturing index has climbed from a record low of 38.8 in November.

Bad Loans, Asset Bubbles

The economy “will keep rebounding as domestic demand accelerates,” Zhang Liqun, an economist at the State Council Development and Research Center, said in today’s statement.

Banks extended $1 trillion of new loans in the first half, triple the amount a year earlier, stoking concern that the recovery may come at a cost of bad loans, bubbles in stocks and property and resurgent inflation.

The CSI 300 Index of stocks, up 87 percent this year, plunged the most in eight months on July 29 on investors’ concern that the central bank will tighten monetary policy.

Stimulus measures helped an estimated increase of more than 70 percent in General Motors’ vehicle sales in China in July from a year earlier. The factories of Semiconductor Manufacturing, China’s biggest chipmaker, will be more fully used this quarter than in the previous three months as demand improves, the company said July 29.

‘Blind Investment’

“While the recovery in manufacturing attests to the overall effectiveness of China’s stimulus, some uncertainties remain,” said Jing Ulrich, Hong Kong-based chairwoman of China equities at JPMorgan Chase & Co. She cited a government warning last month that “blind investment” is adding to overcapacity in some industries.

In November, Premier Wen Jiabao rolled out the spending package spanning earthquake reconstruction work, the construction of power grids, railways and low-cost homes, and subsidies for farmers’ purchases of televisions and minivans.

The nation that’s the world’s second-biggest exporter reported its slowest economic growth in almost a decade in the first quarter after global trade collapsed. China’s exports started to slide in November and shrank 21.8 percent by value in the first half of 2009 from a year earlier.

In Guangdong, a manufacturing hub on the nation’s east coast, exports are recovering, the official Xinhua News Agency said July 20, citing the provincial trade bureau. They may return to growth in the fourth quarter, the bureau said.

Wang, the economist from UBS, said she expects the same for the exports of the nation as a whole as global demand recovers. South Korea reported today that its exports fell for a ninth month in July from a year earlier.

To contact the Bloomberg News staff on this story: Paul Panckhurst in Beijing at ppanckhurst@bloomberg.net Last Updated: July 31, 2009 22:42 EDT

x 0

A TA practitioner is always on the alert for reversal pattern and act accordingly.

Laulan ( Date: 01-Aug-2009 13:41) Posted:

Well, I am not one of those duapowxian. Ya I said it was down trend at a time it was downtrending from 1.85 to 1.50 and then to 1.74 and then to 1.58. I shorted 1.72 but bought back 30 lots to offset 15 lots short and 15 lots I kept till now. I sold yesterday because I want to shift to other counters such as Midas and Swiber. If you ask Rich Tan, he will agree that trend do change course without notice until you suddenly saw yourself in a different trend and when this happen you must change with the direction. Now I wish the trend for Midas and Swiber going up is correct. If not I also cut loss or short them.

petertan4949 ( Date: 31-Jul-2009 21:48) Posted:

wasn't u the one who say this is a downtrend stock? i am surprise u bought, or do u really bought?

how can one say it is doowtrend but still buy the counter, it is a bit off side, dont u think so?

sorry no offence, but happy for you to make $ here. just ask out of curiosity.

how abt speculate on healthyway???look at the vol, it is very healthy today.

x 0

I fully agree with u.

One acronyms sums it all: dyodd (ie. do your own due diligence, ie homework)

Juzztrade ( Date: 01-Aug-2009 13:21) Posted:

ShareJunction Forum Discussions offer investors the opportunity to exchange stock ideas and share information on listed companies. But please bear in mind that you could be reading a posting by someone who have missed the stock price and are trying to talk down a counter or trying to 'hype up' the stocks in a forum. Nevertheless, it can be a good learning ground if you use it wisely. At the end of the day, you make up your own decision from what you have seen and learnt. It is also wise to pay some subscription to some investment institution for TA and recommendation. Pay a fee and learn from them.

Learn to differentiate between the people who give logical valid stock interpretation and whose who are have hidden agenda and etc. You may also reading to postings from the same person with different Nicks.

When I first started in 2007, I nearly got burnt by Ferrochina posting. Luckily I managed to sell my holding in time and got all my money back.

x 0

Hi jasonsg,

No offence intended, from your post, I know u dun even know wat is a shooting star.

My view too is tat Midas will most likely trending up with the 15ema n 25ema providing very good support,

so even if Mon appear even a lower low n lower high black candle, I will not be unduly worried, unless,

Mon's close break below 25ema, then will I exit. But dyodd.

jasonsg ( Date: 01-Aug-2009 11:07) Posted:

I think friday's shoot is not so fake. look at the intraday chart, majority (80%) of the volume occur when the price is rising. which is actually very healthy chart, indicating that this chip will cheong next week. I dont know how to upload pic, but u can see that in yahoo.

richtan ( Date: 31-Jul-2009 23:28) Posted:

Below is my daily chart analysis for sharing and exchange pointers.

My TA chart is posted to share n exchange pointers with those TA practitioner whom believes in TA.

If u are a TA detractor, plse just ignore n refrain from peeping at my chart posting n start

making unconstructive comments and plse do not be so childish or lunatic as to abuse the

rating system by rating it as "bad post", accumulating for yourself and your

next generation, "bad" karma for your "bad" deeds.

If u think it is a bad post, then be constructive and kindly post your TA for sharing.

This is only my view n I may be right or wrong, so dyodd.

x 0

Hi jasonsg,

Just for your info, a shooting star, by definition, is supposed to be bearish, but it is a fake unless it is confirmed the following day

on close by a lower low and lower high black candle.

Look at my chart below of all those fakes, ie not confirmed by a lower low and lower high black candle the following day.

But in any case, did u notice tat for Midas, the 15ema n 25ema has been providing very strong support,

For me, unless there is a closing break below the 25ema, will I exit, but of course,

the final trading decision is up to individual, thus why I always say, dyodd, as nobody is responsible

for our losses n blame nobody but ourselves for any losses.

jasonsg ( Date: 01-Aug-2009 11:07) Posted:

I think friday's shoot is not so fake. look at the intraday chart, majority (80%) of the volume occur when the price is rising. which is actually very healthy chart, indicating that this chip will cheong next week. I dont know how to upload pic, but u can see that in yahoo.

richtan ( Date: 31-Jul-2009 23:28) Posted:

Below is my daily chart analysis for sharing and exchange pointers.

My TA chart is posted to share n exchange pointers with those TA practitioner whom believes in TA.

If u are a TA detractor, plse just ignore n refrain from peeping at my chart posting n start

making unconstructive comments and plse do not be so childish or lunatic as to abuse the

rating system by rating it as "bad post", accumulating for yourself and your

next generation, "bad" karma for your "bad" deeds.

If u think it is a bad post, then be constructive and kindly post your TA for sharing.

This is only my view n I may be right or wrong, so dyodd.

x 0

Calling all newbies keen to learn TA, below are lists of free TA learning websites to learn from.

x 0

Hi shweli,

IMO, it has more to do with BBs playing, there is no denying tat mkts are also played by BBs,

thus why, it is important to master the skill to detect such fakes in TA, thus why I posted this

chart to alert forumers of such fakes and not to be swayed and panic but to wait for confirmation

of reversal patterns n divergences. But of course, final trading decision to is up to them, as I always say, dyodd

as we are answerable for our own actions, cannot blame others for any losses as nobody is answerable for our own actions.

shweli ( Date: 01-Aug-2009 07:53) Posted:

Those fakes due to 1) Market volitile 2) ppl emotion 3) BB playing. Am I right?

richtan ( Date: 31-Jul-2009 23:47) Posted:

Hi pilotfish,

Eg of "play punk" candles besides such thing as "play-punk" volume, dun be tricked just by looking at the closing candle and volume, must know wat actually transpired during the trading hours.

x 0

Hi pilotfish,

I beg to differ, halting trading is not peculiar only to Midas, as SGX listing requirements,

listed companies must halt trading when there is any pending announcements.

If the halt is pending good announcements, it is good, in any case Midas has very good FA,

but of course, I dun fall in love with stocks, any moment I see any reversal sign in TA, I will not hesistate to exit.

pilotfish ( Date: 01-Aug-2009 10:23) Posted:

Hi richtan

For Midas, it would halt trading as and when it like. Quite obvious .... Just my view

For STI, tredious to look at each component stock.

Intraday chart for STI:

Ausgroup, quite ok so far...

Just my view... Smiley

shweli ( Date: 01-Aug-2009 07:53) Posted:

Those fakes due to 1) Market volitile 2) ppl emotion 3) BB playing. Am I right?

x 0

U.S. Stocks Advance After Second-Quarter GDP Beats Estimates

Share | Email | Print | A A A

By Lynn Thomasson

July 31 (Bloomberg) -- U.S. stocks rose, adding to the Dow Jones Industrial Average’s best monthly gain since 2002, as a better-than-expected report on gross domestic product bolstered speculation the economy is recovering from the recession. Treasuries, oil and metal prices also increased.

General Electric Co., Bank of America Corp. and Alcoa Inc. helped lead gains in the Dow after the Commerce Department said the economy shrank at a 1 percent annual rate last quarter, better than the 1.5 percent slump forecast by economists. Ford Motor Co. jumped 6.4 percent on speculation the government’s “cash for clunkers” program is boosting demand for cars.

The S&P 500 increased 0.3 percent to 989.59 at 11:54 a.m. in New York. The index, up 7.7 percent in July, is headed for a fifth straight monthly advance, the longest streak since 2007. The Dow added 36.96 points, or 0.4 percent, to 9,191.42 and is up almost 9 percent in July. Almost two stocks rose for each that fell on the New York Stock Exchange.

“Anytime it beats consensus, you’re going to get a positive reaction in the market,” Thomas Nyheim, a Greenville, Delaware- based fund manager for Christiana Bank & Trust Co., which oversees $4.5 billion, said of the GDP report. “The market’s valuation is still good and earnings reports are beating expectations. The consensus that’s taken place is that the recession is easing.”

Equities extended gains after the International Monetary Fund predicted a “gradual” recovery in the U.S. economy. The advance pushed the S&P 500 closer to a nine-month high and extended a 13 percent rally since July 10 that was spurred by the most companies beating analysts’ second-quarter profit estimate since records began in 1993.

Earnings Analysis

About three out of four companies in the S&P 500 that released results since June 17 exceeded analysts’ second-quarter profit forecasts, data compiled by Bloomberg show. They’ve beaten projections by an average of 8.9 percent, even as per- share earnings tumbled 33 percent and sales slid 16 percent.

Walt Disney Co. slipped 3.3 percent to $25.35 for the biggest drop in the Dow. The world’s biggest media company reported third-quarter revenue of $8.6 billion, missing the average analyst estimate, as the recession cut advertising and theme-park sales. JPMorgan Chase & Co. downgraded the shares to “underweight” from “neutral.”

The Commerce Department’s better-than-estimated report on GDP led JPMorgan Chase & Co. to boost its forecast for growth this quarter to a 3 percent annual rate, the best performance in two years, from a prior 2.5 percent projection.

Not ‘Roaring Back’

A measure of U.S. business activity from the Institute for Supply Management-Chicago Inc showed a slower pace of contraction in July, a sign the economic outlook is improving entering the second half of the year.

“The worst is probably behind us, but I don’t think the economy is going to be roaring back anytime soon,” said Jason Cooper, who manages $2.5 billion at 1st Source Investment Advisors in South Bend, Indiana.

GE, which makes everything from medical-imaging machines to jet engines, rose 1.5 percent to $13.31. Bank of America increased for a fifth straight day, adding 2.9 percent to $14.38. Alcoa climbed 2.1 percent to $11.70.

Ford, the only major U.S. automaker to forgo federal aid, rallied 6.8 percent to $7.89. Goodyear Tire & Rubber Co. surged 5.6 percent to $16.74.

U.S. auto sales may reach a 2009 high in July after the government’s $1 billion “cash-for-clunkers” incentives program lured shoppers back to showrooms, based on Bloomberg survey of analysts. White House press secretary Robert Gibbs told reporters today that the Obama administration is seeking ways to keep the program running after a burst of demand exhausted much of the money.

Las Vegas Sands Corp. dropped 16 percent to $9.42. The casino company controlled by billionaire Sheldon Adelson reported a bigger loss than analysts estimated after writing down the value of a Las Vegas mall it developed.

To contact the reporter on this story: Lynn Thomasson in New York at lthomasson@bloomberg.net.

Last Updated: July 31, 2009 11:57 EDT

x 0

Hi pilotfish,

Eg of "play punk" candles besides such thing as "play-punk" volume, dun be tricked just by looking at the closing candle and volume, must know wat actually transpired during the trading hours.

richtan ( Date: 31-Jul-2009 19:00) Posted:

Hi pilotfish,

Yes, I do know tat volume at close is the norm used but I still also pay attention to intraday volume as a gauge of the strength, eg if during the day, the volume keeps increasing with the price but towards the close, the price starts to drop, it tells me tat there is fake pushing of the price down, a trap to create a false impression of down volume, thus why there is such thing as fake candle and such thing as divergence.

To an experienced trader, we monitor the dynamics of the mkt such as the intraday volume to better understand the strength during the trading day n decipher any "play punk" eg look at STI, was up the whole day but during the last 2 hours was being pushed down to almost flat but near closing was being pushed up again.

pilotfish ( Date: 31-Jul-2009 15:26) Posted:

Sorry for the typo. "Got to protect profit" instead of "Got to profit profit".

Hi richtan, Volume during trading is not so critical. Have to confirm after trading day.

US indexex already showed sign of weaknesses.

x 0

Looking at the STI intraday chart, noticed tat it was up the whole day above yesterday's close (red line) but it was only during the last one hour tat it was being pushed sharply all the way down to slighty below the red line, only to be pushed up again towards the close to finished up 23 points., see chart (apparently, the push-up not captured in the chart).

wongmx6 ( Date: 31-Jul-2009 23:24) Posted:

I noticed that recently market always push higher near closing.

Is this a sign? If yes, Please share>>>>>>

x 2

x 0

Below is my daily chart analysis for sharing and exchange pointers.

My TA chart is posted to share n exchange pointers with those TA practitioner whom believes in TA.

If u are a TA detractor, plse just ignore n refrain from peeping at my chart posting n start

making unconstructive comments and plse do not be so childish or lunatic as to abuse the

rating system by rating it as "bad post", accumulating for yourself and your

next generation, "bad" karma for your "bad" deeds.

If u think it is a bad post, then be constructive and kindly post your TA for sharing.

This is only my view n I may be right or wrong, so dyodd.