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16-Jul-2009 19:01

Straits Times Index / STI to cross 3000 boosted by long-term investors

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Hi weishen81,

Buy Up means buying from the seller, which tends to be good, if the seller queue is all eaten up by the buy-up, the seller q will jump up to the next higher evel, vice-versa.

Normally, I only pay particular attention to those huge volume transacted to roughly gauge the possible direction the price will move, tats about all.

More importantly, I look at the "trade summary" to get a feel of at wat price level is the most volume being transacted to roughly gauge at wat price the support is at. But of course, mkt price are dynamic and percieved strong support price may change the next day, thus still more important is the candles, trendlines, support, resistance, candlestick and line chart patterns.

I hope my perception is correct, others feel free to disagree with me and offer their views.

weishen81 ( Date: 16-Jul-2009 17:36) Posted:

Hi richtan and TA veterans,

Anyone mind to pls kindly advise me on how to read a Time and Sales table? What important information can i actually lookout for in it and what does the BUY UP and SELL DOWN means for the different pricing at different times? And the volume means the amount of pple buying and selling at that time??

Sorry to trouble you guys. Thanks alot.

Time	Type	Last Done	Change	Volume ('000)
Time	Type	Last Done	Change	Total	Change
17:05:02	Buy Up	3.620	-0.020	652.0	640.0
16:59:53	Sell Down	3.640	-0.010	12.0	-33.0
16:59:50	Buy Up	3.650	0.010	45.0	40.0
16:59:47	Sell Down	3.640	0.000	5.0	-58.0
16:59:47	Buy Up	3.640	0.000	63.0	53.0
16:59:43	Buy Up	3.640	0.000	10.0	7.0
16:59:28	Sell Down	3.640	0.000	3.0	-4.0
16:59:27	Sell Down	3.640	0.000	7.0	-44.0
16:59:26	Sell Down	3.640	0.000	51.0	30.0
16:59:19	Sell Down	3.640	0.000	21.0	20.0
16:59:17	Sell Down	3.640	0.000	1.0	-49.0
16:59:15	Sell Down	3.640	0.000	50.0	35.0
16:59:13	Sell Down	3.640	0.000	15.0	11.0
16:59:12	Sell Down	3.640	0.000	4.0	-9.0
16:59:10	Sell Down	3.640	0.000	13.0	11.0
16:59:00	Sell Down	3.640	0.000	2.0	-11.0
16:58:57	Sell Down	3.640	-0.010	13.0	5.0
16:58:52	Buy Up	3.650	0.010	8.0	7.0
16:58:48	Sell Down	3.640	0.000	1.0	-4.0
16:58:41	Sell Down	3.640	0.000	5.0	0.0
16:58:36	Sell Down	3.640	0.000	5.0	0.0
16:58:26	Sell Down	3.640	0.000	5.0	-1.0
16:58:23	Sell Down	3.640	0.000	6.0	5.0
16:58:21	Sell Down	3.640	-0.010	1.0	-19.0
16:58:14	Buy Up	3.650	0.010	20.0	18.0
16:58:13	Sell Down	3.640	0.000	2.0	-1.0
16:57:53	Sell Down	3.640	-0.010	3.0	-102.0
16:57:12	Sell Down	3.650	0.000	105.0	103.0
16:57:12	Sell Down	3.650	0.000	2.0	-1.0
16:57:09	Sell Down	3.650	0.000	3.0	1.0

*20 Minutes Delayed

richtan ( Date: 16-Jul-2009 16:36) Posted:

STI may pullback n correct from the recent high of around 2424 n form a bullish ascending triangle continuation pattern, this is just my conjecture. I amy be right or wrong.

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16-Jul-2009 18:21

Entertainment / Jokes for relaxation for those boring trading days

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Selling Chinese Koyo:

http://www.youtube.com/watch?v=7sWAvqU0N6I&feature=related

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16-Jul-2009 17:44

SPC / SPC

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Read this in CNA forum, just fyi, dyodd.

Florida

Joined: 27 Feb 2004
Posts: 2034

Posted: Thu Jul 16, 2009 12:43 pm Post subject:

I have spoken to my broker. She said if PetroChina has 90% and delist SPC, she has to pay $6.25 to remaining shareholders that did not sell. However, $6.25 is the minimum. Can be above but not less so is between buyer and seller. I am not for selling now for oil is expects to go up. SPC is a good company that's why PetroChina buys it and also in line with her business.

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16-Jul-2009 16:36

Straits Times Index / STI to cross 3000 boosted by long-term investors

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STI may pullback n correct from the recent high of around 2424 n form a bullish ascending triangle continuation pattern, this is just my conjecture. I amy be right or wrong.

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16-Jul-2009 15:21

Straits Times Index / STI to cross 3000 boosted by long-term investors

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No.... no... plse do not thanks me as I dun advocate buying or selling at any point in time,

Whether to buy or sell, each individual need to decide based on their personal judgement.

I only advocate buying on dips (for uptrend) and selling when u spot a reversal candle on chart.

We do not have to trade everyday unless the buy or sell sign appears in the chart, be it candlestick patterns, line chart patterns, break of support or resistance, ma, indicators, etc.

But of course again, as I always reiterate, TA is not infallible, so set your stop-loss n dyodd.

foucs6900 ( Date: 16-Jul-2009 14:58) Posted:

Really hv to thanks some gd n sincere ppl here to alert n post gd advice.....if not hv loss again now, lucky unload before lunch time........cool tks again Richtan....

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16-Jul-2009 15:12

Straits Times Index / STI to cross 3000 boosted by long-term investors

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At this point in time, looking at the candle, it is not a shooting star.

Rules of Recognition:

(1) Prices gap open after an uptrend.

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

(3)The upper shadow is at least 3 times as long as the body.

At the current moment , the open is 2423, high is 2434, low is 2396 n current value is 2396,

therefore shadow = high - open =11 n body = open - current = 27, thus shadow/body = 0.41 < 3

(4) The lower shadow is virtually non-existent.

Even if it is a shooting star, confirmation is definitely required by the next day candle showing reversal.

rogue_trader ( Date: 16-Jul-2009 14:26) Posted:

FYI, currently sti @ 2407, daily chart formed a shooting star.

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16-Jul-2009 14:49

Straits Times Index / STI to cross 3000 boosted by long-term investors

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Probably taking a breather (chuan chi) b4 resuming as mkts dun go up in one straight line, letting go those tat wants to alight n giving others a chance to board b4 resuming the roller coaster uptrend.

foucs6900 ( Date: 16-Jul-2009 14:38) Posted:

Could it be no more gd news from US sides, as nw futures appears red for all major 3 counters !

Have to wait for futher corp reports and up again, if not another technical correction mayb comin soon agian.......just my view oni.....pls dun flame.....

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16-Jul-2009 14:24

Straits Times Index / STI to cross 3000 boosted by long-term investors

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Hi foucs6900,

I m so sorry to disappoint u as Im not a FA analysis expert, I m purely a TA practitioner but do read FA from brokering houses and any news sources just to keep myself updated with mkt events.

I hope some otjer forumers good in FA analysis can share thier opinion.

foucs6900 ( Date: 16-Jul-2009 14:19) Posted:

Hi Richtan,

Have some enquiry to ask: if a company have gd deal or contract from gov abt 452million for next 5years and recently accq another company in Malaysia , is it gd sign for good profit coming?

Company: Lum Chang Holding

thanks

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16-Jul-2009 14:09

Straits Times Index / STI to cross 3000 boosted by long-term investors

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Hi foucs6900,

U r right tat tradings shares has both losses n profit, thus why there is the 3rd golden mantra (search "mantras" or click my nick to see wat are the other mantras):

Cut losses short n let profit runs with trailing stops as we must make as much profit as we can to cover those losses.

foucs6900 ( Date: 16-Jul-2009 12:42) Posted:

No Problem, Richtan, i understand wat u mean....friend of mine aso base on Chart TA.....which i dun understand, but i listen to him n base on own judgement bah, of cos not emotional if not i die long lng liao...shares market got win and lose, if win all the time is bullshit....haha must get burn before than we earn....

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16-Jul-2009 12:35

Others / DOW & STI

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Asian Stocks Rise for Third Day on Growth Optimism; Rio Gains

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By Jonathan Burgos and Weiyi Lim

July 16 (Bloomberg) -- Asian stocks advanced for a third day, led by automakers and mining companies, as an improvement in U.S. manufacturing gauges and faster economic growth in China fueled optimism the global economy is recovering.

Toyota Motor Corp., which gets 31 percent of sales from North America, gained 2 percent. Komatsu Ltd., the world’s No. 2 maker of earthmoving equipment, jumped 4.2 percent. Rio Tinto Ltd., the world’s No. 3 mining company, added 4.4 percent after commodity prices gained and Bank of America’s Merrill Lynch & Co. unit raised earnings estimates. Jiangxi Copper Co., China’s largest producer of the metal, rose 3.6 percent.

The MSCI Asia Pacific Index advanced 1.6 percent to 103.19 as of 1:03 p.m. in Tokyo, taking its three-day gain to 5.2 percent. The gauge has rallied 46 percent from a more than five- year low on March 9 amid optimism government stimulus policies around the world will revive the global economy.

“This upward trend will continue for some time, as economic indicators have confirmed the economy is recovering,” said Harvey Chang, a SinoPac Securities Investment Trust Co. fund manager who helps oversee about $1.5 billion. “There’s plenty of money in the market.”

Japan’s Nikkei 225 Stock Average jumped 1.6 percent, while Hong Kong’s Hang Seng Index rose 1.9 percent. South Korea’s Kospi Index gained 0.8 percent. China’s Shanghai Composite Index added 0.7 percent after the country’s statistics bureau said the economy grew 7.9 percent in the second quarter after a 6.1 percent gain in the previous three months.

Sinotruk, Canon

Sinotruk (Hong Kong) Ltd., China’s biggest heavy-truck maker, jumped 17 percent after agreeing to sell a stake to Germany’s MAN SE. Canon Inc., the world’s largest camera maker, climbed 3 percent in Tokyo after the Nikkei newspaper reported earnings will rise. China Cosco Holdings Co., the world’s largest operator of dry-bulk ships, advanced 3.5 percent in Hong Kong after a gauge of shipping rates rose for a second day.

Futures on Standard & Poor’s 500 Index lost 0.5 percent as lender CIT Group Inc. said it probably won’t receive a federal bailout. The S&P 500 climbed 3 percent in New York yesterday after Federal Reserve figures showed industrial production shrank 0.4 percent last month, the least in eight months. The New York Fed’s Empire Index rose to minus 0.6 this month, the highest level since April 2008.

Toyota gained 2 percent to 3,540 yen. Honda Motor Co., which makes 45 percent of its revenue in North America, advanced 2.3 percent to 2,500 yen. Komatsu, which gets 25 percent of its sales from the Americas, jumped 4.2 percent to 1,439 yen.

Rising Valuations

The MSCI Asia Pacific index is heading for its first weekly gain in three amid signs Asian economies are rebounding. Stocks on the gauge are valued at an average 43 times reported earnings, up from the 15 times stocks were trading at during the market’s trough in March. Companies on the S&P 500 are currently at 14.8 times profit.

Singapore on July 14 forecast a narrower contraction in its gross domestic product this year. New home sales in the city- state jumped 9.1 percent last month, government data released yesterday showed. Australian business sentiment turned positive in June for the first time since December 2007, a National Australia Bank Ltd. index released on July 14 showed.

“A rebound in the economy won’t be very fast but we don’t have to be too pessimistic in that the situation is getting better,” said Mitsushige Akino, who oversees the equivalent of $522 million at Ichiyoshi Investment Management Co. “I’m expecting relatively good earnings reports from companies because they have finished clearing inventories.”

Copper, Oil

Optimism an expansion of manufacturing will boost demand for materials lifted prices for copper and oil yesterday. Copper futures leapt 4.1 percent in New York, the most since June 9. Crude oil jumped 3.4 percent, the steepest climb since June 23.

Rio Tinto Ltd., the world’s third-largest mining company jumped 4.4 percent to A$52.30. Merrill Lynch & Co. boosted its 2010 earnings for the company by 20 percent. Goldman Sachs Group Inc. said Rio Tinto may get an earnings boost from rising demand for iron ore.

BHP Billiton Ltd., the world’s biggest mining company, gained 2.2 percent to A$35.04. Mitsubishi Corp., which gets almost half of its sales from commodities, climbed 5.9 percent to 1,716 yen in Tokyo. Jiangxi Copper rose 3.6 percent to HK$13.78.

Stocks in China gained as the country’s second-quarter economic growth rate beat economist estimates. A 4 trillion yuan ($585 billion) stimulus package and the scrapping of lending restrictions for banks helped trigger the revival in the world’s third-largest economy.

Second-Largest Market

Shenhua Energy Co., the nation’s biggest coal producer, rose 3.2 percent to HK$27.75. China Resources Enterprise Ltd., the retailer whose venture with SABMiller Plc makes China’s best-selling beer, added 2.4 percent to HK$18.12.

Sinotruk soared 17 percent to HK$8.82. MAN, Europe’s third- biggest truckmaker, will pay 560 million euros ($788 million) for a 25 percent stake in Sinotruk, the companies said late yesterday.

China has now overtaken Japan as the world’s second-largest stock market by value for the first time in 18 months. The Shanghai Composite has gained 76 percent this year compared with a 7 percent advance in the Nikkei 225.

Canon climbed 3 percent to 3,120 yen. The company will likely report about 30 billion yen ($319 million) in operating profit for the three months to June, a 50 percent increase from the previous quarter, the Nikkei newspaper reported today. Demand for cameras grew, while that for office equipment remained weak, the newspaper said.

Makoto Sugimoto, a Canon spokesman, said the company wasn’t the source of the Nikkei report.

Baltic Dry Index

Shipping stocks gained after cargo rates rose. The Baltic Dry Index, which measures the cost of shipping commodities, climbed 7.3 percent in London yesterday, taking gains in the past two days to 12 percent.

China Cosco advanced 3.5 percent to HK$10.02. STX Pan Ocean Ltd., South Korea’s biggest bulk carrier, gained 1.8 percent to 11,150 won in Seoul. Mitsui O.S.K. Lines Ltd., the world’s largest operator of iron-ore vessels, jumped 3.3 percent to 593 yen in Tokyo.

To contact the reporter for this story: Jonathan Burgos in Singapore at jburgos4@bloomberg.net; Weiyi Lim in Taipei at Wlim26@bloomberg.net. Last Updated: July 16, 2009 00:06 EDT

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16-Jul-2009 12:30

Straits Times Index / STI to cross 3000 boosted by long-term investors

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Nah, plse dun thank me. I dun advocate buying or selling, dyodd

My trading style as a TA practitioner is not to act emotinally and not to try pre-empt the mkt (aka MFT, second-guessing the direction of the mkt), but to trade based on wat the chart and candles tell me. But of course again, I always emphasise tat TA is not infallible, thus need to set stop-loss.

foucs6900 ( Date: 16-Jul-2009 12:09) Posted:

Thanks Richtan, will sell off n atke profir, wait for another correction.........

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16-Jul-2009 12:22

Others / Most - S-Chip get ready to get 10-20% Price Hike

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China’s GDP Growth Quickens to 7.9% on Credit Boom (Update1)

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By Bloomberg News

July 16 (Bloomberg) -- China’s economy rebounded from its weakest growth in almost a decade as record lending and surging investment countered a slump in exports.

Gross domestic product expanded 7.9 percent in the second quarter from a year earlier after a 6.1 percent gain in the previous three months, the statistics bureau said in Beijing today. That was more than the 7.8 percent median estimate of 20 economists surveyed by Bloomberg News.

China’s 4 trillion yuan ($585 billion) stimulus package and the scrapping of lending restrictions for banks triggered the revival in the world’s third-largest economy. The nation risks bubbles in stocks and property after money supply grew by a record and inflows of cash pushed foreign-exchange reserves to more than $2 trillion.

“China’s recovery is on track and growth may accelerate to near 9 percent in the third quarter and 10 percent in the fourth quarter,” said Lu Ting, an economist at Bank of America-Merrill Lynch in Hong Kong. “The government won’t tighten policies too early but it should tell banks not to lend without limit.”

The yuan traded at 6.8316 against the dollar as of 10:15 a.m. in Shanghai, from 6.8315 before the data were released. The Shanghai Composite Index of stocks rose 0.4 percent.

The foundation of China’s recovery is “not yet firm” after the economy stabilized in the first half and the government will stick to its “moderately loose” monetary policy and “proactive” fiscal stance, statistics bureau spokesman Li Xiaochao said.

Tightening Monetary Policy

The central bank is using bill sales to drain cash from the financial system and push up money-market rates, seeking to tighten monetary policy without choking off a recovery. One-year lending rates and banks’ reserve requirements haven’t changed this year after reductions in 2008 to counter the global crisis.

The government may refrain from “drastic” policy shifts until a recovery is better established, Lu said.

The rebound in GDP snaps a two-year run of progressively slower growth. Investment in factories, property and roads surged 35.3 percent in June from a year earlier, quicker than the 33.6 percent pace for the first half as a whole, the statistics bureau said.

Shanghai’s benchmark stock index has climbed almost 90 percent from last year’s low, with PetroChina Co. and Industrial & Commercial Bank of China Ltd. contributing the most.

Premier’s Caution

Premier Wen Jiabao cautioned this month that the nation faces weak export demand, rising unemployment and falling company profits.

Industrial production increased 10.7 percent in June from a year earlier after an 8.9 percent gain in May, the statistics bureau said. Retail sales climbed 15 percent.

Emerging economies, led by China, are set to regain growth momentum in the remainder of this year, helping the world economy to recover from the worst slump since World War II, the International Monetary Fund said in a July 8 report.

China was the biggest contributor to global growth last year, accounting for a third of the expansion, according to IMF data, which uses purchasing power parity calculations to account for differences in exchange rates.

Consumer prices fell 1.7 percent in June from a year earlier, the fifth monthly decline and the biggest drop since 1999, the statistics bureau said. Producer prices slid a record 7.8 percent.

Wen wants faster growth to create jobs and maintain social stability ahead of the 60th anniversary of Communist Party rule in October. Ethnic riots in Urumqi in the northwestern Xinjiang province on July 5 left at least 192 people dead.

China’s raised interest rates and added loan restrictions from 2007 to cool the economy and the property market. The slowdown deepened when the global financial crisis hit.

To contact the Bloomberg News staff on this story: Kevin Hamlin in Beijing at khamlin@bloomberg.net; Li Yanping in Beijing at yli16@bloomberg.net Last Updated: July 15, 2009 22:17 EDT

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16-Jul-2009 12:20

China Hongxing / Good News for China Hongxin

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Hi cheemeng, Smiley

Yeh, I agree with u tat "we agree to disagree" to exchange views n pointers and warmly welcome it if it is done in a healthy way, thus why we are here to post but wat I detest is those childish, immature, senseless, irrational, lunatic, ridiculous, despicable abuse of the forum.

I am a man of strong upright moral upbringing and differentiate between wat is morally right n wat is morally wrong, thus I vehemently detest such behaviour.

If a person perceive it as a bad posting, then he should stand out and voice and contribute his view/opinion instead of being a coward hiding behind the screen and attacking. Real cowardice. Smiley

lawcheemeng ( Date: 16-Jul-2009 11:27) Posted:

heh! richtan, we can"t get everybody to agree with every view that we see. just ignore those who do not agree. think that a better way to conserve "chi" for better thing lah..cheer happy trading yah!

richtan ( Date: 16-Jul-2009 11:12) Posted:

Hi hohokit,

I believe in such thing as "cause and effect", we reap good karma for our good deeds

(be it big or small) but bad karma for our bad deeds (be it big or small).

There is a Chinese adage: "Ren chai chor, tein chai kan", which literally means,

what people do, "up-there" is watching and the day of reckoning will arrive and

those tat do bad deed/s will have their comeuppance.

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16-Jul-2009 12:08

Straits Times Index / STI to cross 3000 boosted by long-term investors

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Hope for the best n keep fingers crossed but even profit-taking, is good to buy on dips, instead of chasing after stocks.

foucs6900 ( Date: 16-Jul-2009 11:24) Posted:

After lunch break will surge up again, like yesterday ? Thanks

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16-Jul-2009 12:06

Straits Times Index / STI to cross 3000 boosted by long-term investors

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Fully agree with u, a real trader will buy on dips rather than chasing after stocks.

ozone2002 ( Date: 16-Jul-2009 11:43) Posted:

profit taking after surging..can't cheong everytime altho we very much like it too.. :)

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16-Jul-2009 11:12

China Hongxing / Good News for China Hongxin

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Hi hohokit,

I believe in such thing as "cause and effect", we reap good karma for our good deeds

(be it big or small) but bad karma for our bad deeds (be it big or small).

There is a Chinese adage: "Ren chai chor, tein chai kan", which literally means,

what people do, "up-there" is watching and the day of reckoning will arrive and

those tat do bad deed/s will have their comeuppance.

hohokit ( Date: 16-Jul-2009 10:51) Posted:

So serious "bad" karma ? Just say that they will get stomach-ache or lost a bit of money from trading.

richtan ( Date: 16-Jul-2009 10:25) 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.

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16-Jul-2009 11:03

Sakari / Straits Asia

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Hi diverse,

Not to worry about embarrassment.

I too started knowing nuts about TA. but it is my passion and desire to make a living out of trading tat drives and motivated me.

All of us start from beginning, we learn everything from beginning, be it swimming, cycling, etc, practice makes perfect and by posting, u learn from others opinion n make improvements along the way.

I still remember the day I started learning swimming, everyone around me was laughing me. saying I m like a rock, I just ignore all this noise and persist, now I m a good swimmer.

If u are a newbie, I suggest u click on my nick n read all my past sharings, advice, n also search for the thread which I specially created with newbies in my mind, "Learning TA".

Learn how to post a chart as a picture tells a thousand words, one forumer (I forgotten the name) had posted about this, search tinypic.com.

U can also download a free charting software from www.chartnexus.com.sg/products/download.php

Actually, I already did an analysis (although I dun claim to be an expert and I may also be right or wrong, but by posting, I hope to also learn from other expert), but intentionally withold from posting as I wanted to give newbies a chance to post and learn by exchange pointers.

Remember TA is not infallable but is a necessary compass to a true TA practitioner to time entry and exit n stop-loss just as satellite navigation is to a plane or ship .

As I said, click on my nick, I had also posted an extract from chartNexus user manual to explain why TA is a necessity.

divearse ( Date: 16-Jul-2009 03:43) Posted:

Hi Richie, I know nothing about TA, let me google and wikki for 30 minutes and and give it a shot here to embarrass myself in front of the experts. I must say this before I start, charting and forecasting on an up trend is easy, charting during volatile period is another matter. Please excuse me if this turn out to be total nonsense.

Looking back from a month ago till 13Jul, MACD was on the way to crossing zero downwards, I see a small grizzly using a bottle of Head and Shoulder, wash at 1.68-1.69 and dry at 1.76 to 1.78. with little water and small dryer (between 9-2x mil). Elliott says the SAR has completed Wave 5 on 6Jun and done Wave C on 13Jul (williams R -93), while the grizzly was playing a spinning top on 14Jul, a green Marubozu shoot up from the ground, according to Elliott, the grizzly will chew on the green Marubozu and go to sleep, a new wave will begins, Wave 1 again, and the small bull will come out to play (all these are within the Eliott's Intermediate to Minor timeframe).

Did I use anybody's TA to deal? NO, I vested because 13Jul the Williams was -93, knowing Rich has bought at 1.81, using my black magic I predicted Goldman Sachs gonna have ground shaking results and this will change the game. Asking others is to get to know what the general public feels, challenge my own views and make decision based on that.

So what all these bear and bull droppings story about? How does it help me to decide when to go in and when to do out? Difficult I say, I see TA is only one part of a bigger jigsaw. At turbulent time like this, TA is only a small help for me to make a decision for one day ahead, not like some experts who can use TA to predict one year in advance ! (salute - puui!) How on earth one can do that I have no clue.

In short, short this fella in the short term. I can think of better counter to Long (again depend on your long time frame), long if you know the FA well like the rich ex-ceo so happen to have a name called "Rich" then you maybe able to decide to long it.

Above is not an inducement to buy, sell, borrow, lend, short, long, naked or well dressed any shares, just killing time due to insomnia.

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16-Jul-2009 10:25

China Hongxing / Good News for China Hongxin

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16-Jul-2009 09:49

AusGroup / AUSGROUP: 1H09 revenue up 28.8% to reach A$260.5 m

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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 rate 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.

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16-Jul-2009 02:23

Midas / Midas

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If it can't break above the recent high of 83.5 n test it as support, it will form a double-top and pullback, probably to the 15ema or 25ema.

Looking at the chart, note tat the 25ema had been providing very strong support so far but if broken, next support is the 65ema.

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 rate it as "bad post",

accumulating for yourself "bad" karma.

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.

richtan ( Date: 16-Jul-2009 02:14) Posted:

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