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Hi to all who visits this blog.

I have decided to add more interesting stuff/content to this blog that will concern the average person. This will include

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Though the market sentiments now are still bad, but looking at charts, i still think that a rebound is highly likely as the STI index has went out of the bollinger band and out of the trend lines that i have drawn. Hold your shorts till the index goes back into the band. It is a much safer choice in my opinion.
However don't try to go long also, i feel that the upside reward does not outweigh the downside risk, being a contrarian might not pay as the bottom is most likely not reached yet, the downtrend is still very strong!

Possibility for rebound, however downtrend still strongly intact

Bollinger band starts to winden..meaning that i suspect there is going to be large volatility soon, most probably a rebound, because it has been long overdue. (However don't bet on this as i expect the downtrend to resume)

However, other singals are still bad. Indicating more downside to come.
MACD- crossing down over the signal
Parabolic Sar- the green part just cut the graph
MA 7/5 - The 5 day moving average is under the 7 day moving average
Only consolation is that its reaching the lower end of the bollinger band, hence the possibility of a bonce to the average of the band

In general, based on past market.. usually a bear market will last at least 1.5years, and the index will drop to around 37% of the max value.. As of now, we are only 1 year through ( starting from sep 07) and dropped only till 60% of the index value, hence there is room for more downside.

I estimate may09 to be a safer entry point in general. Even if the market were to keep falling, downside is limited.

Singtel

I anticipate a rebound in singtel shares.

Even though the green Parabolic SAR is going to touch, it looks too steep.. and hence might be a false indicator.
Even the MACD 568 looks like it is diverging too fast.
Also, generally singtel trades within the bollinger band, now its just outside the band, and together with the trend line, I expect it to have a rebound up to at least the center of the bollinger band before resuming its down trend.

Back to the falling market

Looking at the charts, apparently the rebound is short lived. MACD 568 and Parabolic SAR shows that downside is more likely.

However i feel that as long as the index does not fall below 2395. There is a chance of a rebound.

BUT! if it does fall below 2395, its time to whack the put warrants!

* About the Fibonacci retracements, it usually takes a long time..i.e a few mths, so they serve as a guide to how high it might climb. These lines act as resistance/support lines, so they can also be used to aid in trending.

STI might be rebounding soon

Looking at the RSI and the trend lines, looks like its going to rebound soon, and using the Fibonacci retracement, i anticipate a rebound to around 2803.

Asiapharm sell call at 61cents

using my shorting strong...SAR and ADX, i perceive a drop in share price