x 0

The boss must be a billionaire aredi lah, filthy rich liow, wat is this bull run to him/her.

idesa168 ( Date: 30-Jul-2009 22:20) Posted:

Why run at the start of a correction reversal?

handon ( Date: 30-Jul-2009 22:17) Posted:

my boss run road liao... tomolo friday hor... hehe.... Smiley

can go home liao.... Smiley

x 0

WOW!!! The bull is getting stronger - Give the man a "RED BULL"

richtan ( Date: 30-Jul-2009 21:46) Posted:

WOW!!!

DOW opened up strongly....

x 0

Hi phil1314,

No, I have not read this article.

Many thanks for posting this article.

But even w/o reading this article, I aredi noted tat most world indices are aredi

above their 200ema and S&P500 and DOW broke above their inverse H&S

(see my chart posting on DOW in either the thread "DOW" or "DOW & STI"

phil1314 ( Date: 30-Jul-2009 16:00) Posted:

Hi Richtan,

Did you read this article in Bloomberg?

Dow Sends Buy Signal That’s Worked Since 1921: Chart of the Day

By Eric Martin and Michael Patterson

July 29 (Bloomberg) -- The Dow Jones Industrial Average is sending a buy signal that has foreshadowed gains of 18 percent during the past nine decades.

The 30-stock gauge climbed to more than 10 percent above its mean level from the previous 200 days, rebounding from 34 percent below the so-called 200-day moving average in November, according to data compiled by Bloomberg. Eighteen of the last 21 times the Dow rallied from at least 10 percent below the 200-day level to 10 percent above, it posted gains during the next 12 months, Bloomberg data since 1921 show.

The CHART OF THE DAY tracks the difference between the Dow’s last price and its 200-day average since 1989. The lower panel displays the measure’s price, along with the buy signals it sent near the start of rallies in 1991, 1999 and 2003.

“This rally, while it will have its fits and starts, is the beginning of a new trend, not just a bounce,” said Michael Williams, managing director of New York-based Genesis Asset Management, which oversees about $2 billion. “It is a significant opportunity.”

The Dow posted an average advance of 18 percent during the 12-month period following buy signals since 1921, Bloomberg data show. In the six-month period, there were 17 advances for an average gain of 8.2 percent. In three months, it climbed 18 times, averaging an increase of 5.7 percent

And also article from The Edge:

Chart watch: Uptrend intact by Goola Warden.

Since the 200-day moving average only turned up on July 23, and annual momentum and 24-month ROC are rising and still below their equilibrium lines, the bull market has yet to run its course. Eventually, the STI may even retest its all time high at 3,875. In the short term, though, stochastics is turning down from the top end of its range that may stay the hand of investors and traders.

Support is initially at 2,484, and then at the rising 50-day moving average at 2,348. This moving average has so far proved to be a pretty good support line.

richtan ( Date: 30-Jul-2009 12:24) 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

U r extremely correct, wat is o/b can be even more o/b n wat is o/s can be even more o/s.

The trend is your friend till u spot any reversal sign.

DnApeh ( Date: 30-Jul-2009 21:54) Posted:

Hi, i interpret "mega-overbought-ness" in STI presently as strength. STI is now in a "trending" mode and not stuck in a trading range. Without going into such mega-overbought states, it would be difficult to go higher and higher. During uptrends, overbought states can persist for long durations. During downtrends, oversold states will be dominant.

i use ADX to gauge if the market is trending or trading, inaddition to trend-lines, of course.

ozone2002 ( Date: 30-Jul-2009 21:14) Posted:

STI is mega overbought..

past 3 days it has been hovering ard 2640 region..

would exercise caution even though the market may rise even further..

correction is due..

x 1

x 0

Ausgroup had broke above the upper sloping resistance of the bullish flag continuation pattern (see below chart posting)

on extremely high volume, more than doubled yesterday's volume, formed a bullish engulfing marubozu (strong conviction),

engulfing the previous 2 black candles.

This is just an appetizer, more big money coming loh!!

HUATTTT AHHH!!! Smiley

x 0

WOW!!!

DOW opened up strongly....

x 1

x 0

Volume getting close to yesterday's volume and might surpassed it at closing on bullish breakout of the flag resistance line.

richtan ( Date: 30-Jul-2009 14:35) Posted:

Ausgroup had broke above the upper sloping resistance of the bullish flag continuation pattern (see below chart posting).

richtan ( Date: 30-Jul-2009 09:33) 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 1

x 0

Hi techsys,

Basically Ausgroup has got very good FA, but remember tat besides FA,

mkt at most times move based on sentiments n chart breakouts of supprt n resistance and chart patterns.

techsys ( Date: 30-Jul-2009 14:48) Posted:

Hi richtan,

I am agree with you. Smiley No doubt about that on TA-wize. Now I'm searching news that will support that movement.

richtan ( Date: 30-Jul-2009 11:30) Posted:

Hi techsys,

There is a bullish flag continuation pattern, see my chart posting right below yours.

This is my observation, so dyodd.

x 0

Ausgroup had broke above the upper sloping resistance of the bullish flag continuation pattern (see below chart posting).

richtan ( Date: 30-Jul-2009 09:33) 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 1

x 0

STI is up now:

x 0

Nikkei is up now:

x 1

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.

x 1

x 0

Midas expected report date is 6/8/09, ie. next Thurs.

It may run up on expectation of good results.

x 0

Hi techsys,

There is a bullish flag continuation pattern, see my chart posting right below yours.

This is my observation, so dyodd.

techsys ( Date: 30-Jul-2009 11:23) Posted:

Here is my view :) .. just sharing.

Base on TA, It still have space to grow. But it's near an "invisible" resistance. The next I use to do is look for fundamental. It there is good news, it's a good counter to park money in.

x 0

Hi christinakohyc,

U can try this:

http://www.remisiers.org/research.html

christinakohyc ( Date: 30-Jul-2009 11:15) Posted:

Last time there is this website http://www.onlinetrading-hub.com/ where u can access all research report and the latest information.

Seem like the information on the website has been removed, can anybody share is there any website currently available for all research report

x 0

Japan Factory Output Rises 2.4%, Fourth Monthly Gain (Update2)

Share | Email | Print | A A A

By Jason Clenfield

July 30 (Bloomberg) -- Japanese manufacturers increased production for a fourth month in June, capping the fastest quarterly output expansion in more than half a century and helping the economy rebound from its deepest postwar recession.

Production rose 2.4 percent from May, the Trade Ministry said today in Tokyo. Output gained 8.3 percent last quarter from the first three months of 2009, the most since 1953, and companies surveyed planned increases in July and August as well.

Leaner inventories and more than $2 trillion in spending by governments worldwide stabilized global demand, supporting exporters including Mitsubishi Motors Corp. Even with the month-on-month gains, companies are churning out 23.4 percent fewer goods than last year, putting pressure on them to forgo investment and cut workers to maintain profits.

“Production will continue to recover,” said Yoshiki Shinke, a senior economist at Dai-Ichi Life Research Institute in Tokyo. “Exports look to be on course for a steady recovery.”

The yen traded at 95.20 per dollar at 9:37 a.m. in Tokyo from 95.08 before the report was published. The Nikkei 225 Stock Average rose 0.1 percent, and has gained 43 percent since reaching a 26-year low on March 10. Economists surveyed by Bloomberg estimated production would increase 2.5 percent.

Manufacturers said they planned to boost output 1.6 percent in July and 3.3 percent in August, the report showed. The ministry said production is “on a recovery trend” after last month describing it as “showing signs of recovery.”

Last Longer

“The forecasts fuel hope that the rebound will last a bit longer than we’d thought,” said Hiroshi Shiraishi, an economist at BNP Paribas in Tokyo.

The Bank of Japan raised its assessment of the economy this month, citing rebounds in trade and production as reasons “economic conditions have stopped worsening.” Deputy Governor Hirohide Yamaguchi said last week orders for Japanese cars and electronics are increasing because companies are restocking inventories slashed during the recession.

Exports rose 1.1 percent in June from the previous month, buoyed by sales to China and the U.S., the country’s biggest overseas markets. The increase in shipments probably helped the world’s second-largest economy return to growth last quarter after four periods of contraction that shrunk gross domestic product down to its 2003 size.

Return to Growth

Analysts surveyed by Bloomberg News forecast Japan’s economy expanded at an annualized 2.4 percent in the three months ended June 30. GDP shrank at a record annual 14.2 percent pace in the first quarter.

While production has increased since March, about 40 percent of the nation’s factory capacity remains idle. That increases costs of each unit sold, squeezing corporate profits.

“The pickup in manufacturing isn’t filtering down to households and non-manufacturers because manufacturers are still cutting costs, especially personnel costs,” said Kyohei Morita, chief economist at Barclays Capital in Tokyo. Morita said the jobless rate will rise to a record 5.9 percent in the first half of next year from the current 5.2 percent.

Canon Inc., Japan’s biggest maker of office equipment, this week forecast sales will drop 22 percent this year as companies limit spending on copiers and other business tools. To cope with that, the company said it plans to pare its own expenses by 220 billion yen ($2.3 billion).

Government Spending

Economists say Japan’s recovery will only be sustainable if private demand takes over from where government spending leaves off.

Some 4 trillion yuan ($585 billion) in spending by China’s government has buoyed sales of Japanese cars, building equipment and steel. President Barack Obama’s “cash-for- clunkers” program is also helping prop up the U.S. auto market, while Japan’s own stimulus measures have boosted purchases of environment-friendly cars like Toyota Motor Corp.’s Prius.

Mitsubishi Motors will raise production and reintroduce overtime at all three of its domestic factories next month, the Nikkei newspaper reported this week. The company will also hire 300 workers, public broadcaster NHK reported separately.

Nippon Steel Corp., Japan’s largest mill, will next month restart one of its two idled domestic furnaces to meet carmaker orders. President Shoji Muneoka said last week demand may not recover this year enough to warrant restarting the other one.

“The recovery is only as robust as the stimulus packages,” said Barclays’ Morita. “By the end of the year, production will recover to a level about 15 or 20 percent below its peak. That implies companies are not going to see profit growth, which means there’s more cost-cutting ahead.”

To contact the reporters on this story: Jason Clenfield in Tokyo at jclenfield@bloomberg.net; Tatsuo Ito in Tokyo at tito@bloomberg.net. Last Updated: July 29, 2009 20:40 EDT

x 1

x 0

Asia

Europe

America

Commodity(** = 30 mins delayed)

Index	Last	Change	%	High	Low	Time
STI	2606.66	2.60	0.1%	2617.70	2597.94	10:54:44
Hangseng	20218.02	82.52	0.41%	20359.79	20150.26	10:54:48
Nikkei225	10116.49	3.25	0.03%	10164.49	10067.51	11:00:44
SSE	3287.16	20.73	0.63%	3336.64	3257.97	10:53:52
KLCI	1161.88	-2.60	-0.22%	1168.44	1153.81	10:53:00
SET	614.88	-7.08	-1.14%	620.83	610.78	16:39:26

x 0

Yes, u r right.

dealer0168 ( Date: 30-Jul-2009 10:55) Posted:

Penny stock up does not contribute to STI index up.

If i am not wrong, the movement of the STI index is based on the pricing of the STI index chip. Not all stock.

x 0

Hi cyjjerry85,

Yes, it is a hanging man, but confirmation is definitely required.

A confirmation tat the hanging man is bearish would be a lower opening the next day.

In any case, it is now at the resistance line and may or may not pullback to the neckline

to test the neckline as support, but still within the uptrending channel.

cyjjerry85 ( Date: 30-Jul-2009 10:08) Posted:

in the psychological numbers involved: DOW seems to float above the 9000 thread, while STI seems to be supported in psychological 2600...and HSI 20000...while Nikkei the 10000

dunno if this is all coincidental but...hope there's an underlying positive meaning behind it

just a TA question for Richtan, in terms of candlestick as seen in the last candle shown below...it is the "hanging man" meaning a reverse trend possibly coming into place...do u think tt this might mean a downtrend for correction coming into place soon?

thanks for ur analysis

richtan ( Date: 30-Jul-2009 10:00) 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 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.