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 Post subject: STI - 20101126
PostPosted: November 28th, 2010, 12:44 pm 
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An in-depth analysis on the STI charts...

Weekly Chart:
Attachment:
File comment: STI - Weekly
STI -  20101126 - Weekly.gif
STI - 20101126 - Weekly.gif [ 23.24 KiB | Viewed 291 times ]

Notice that STI had red candlesticks for the past two weeks... :roll:
If we are going to have the third red candlestick consecutively, then we are into a mid-term corrective period... :(

Daily Line Chart:
Attachment:
File comment: STI - Daily Linechart
STI -  20101126.gif
STI - 20101126.gif [ 23.28 KiB | Viewed 287 times ]

STI managed to hang onto the 50-days EMA line (3156) last Friday... :lol:
However, its still trapped below 14-days EMA (3189) and the uptrend parallel channel (3190)... :(

Daily Midas Lines:
Attachment:
File comment: STI - Midas
STI -  20101126 - Midas.gif
STI - 20101126 - Midas.gif [ 23.12 KiB | Viewed 285 times ]

Midas Line Supports - 3128, 3057, 3006

Hourly Chart:
Attachment:
File comment: STI - Hourly
STI - Hourly Chart - 20101126.gif
STI - Hourly Chart - 20101126.gif [ 22.26 KiB | Viewed 287 times ]

STI is still loitering and hesitating just outside the hourly bollinger bands (3155)... :|
Hourly Horizontal Support Levels: 3124, 3031, 2916

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 Post subject: STI - 20101203
PostPosted: December 3rd, 2010, 7:13 pm 
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Attachment:
File comment: STI - Weekly
STI - Weekly - 20101203.gif
STI - Weekly - 20101203.gif [ 22.56 KiB | Viewed 281 times ]

A timely rebound for this week to prevent the appearance of third red weekly candlestick... :lol:

Attachment:
File comment: STI - Daily
STI - 20101203.gif
STI - 20101203.gif [ 22.79 KiB | Viewed 284 times ]

STI is still trapped outside the previous uptrend channel and below 14-days EMA (3180)... :(
50-days EMA line (3158) will be an important support for the rest of this year... 8-)

Attachment:
File comment: STI - Hourly
STI - Hourly Chart - 20101203.gif
STI - Hourly Chart - 20101203.gif [ 22.78 KiB | Viewed 276 times ]

The technical rebound for this week only lasted till the hourly horizontal level at 3217... :roll:
STI is expected to fluctuate within the hourly bollinger bands in next week... ;)
As volume continues to decline for rest of the year, more day traders will continue to enjoy year-end holiday... :lol:

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 Post subject: STI - 20101210
PostPosted: December 12th, 2010, 6:26 pm 
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Attachment:
File comment: STI - Daily
STI - 20101210.gif
STI - 20101210.gif [ 24.13 KiB | Viewed 297 times ]

STI continues to stay above 50-days EMA safely... :lol:

Attachment:
File comment: STI - Hourly
STI - Hourly Chart - 20101210.gif
STI - Hourly Chart - 20101210.gif [ 24.09 KiB | Viewed 332 times ]

A range-bound movement between 3124 and 3217 within the hourly bollinger bands... 8-)

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 Post subject: STI - 20110112
PostPosted: January 12th, 2011, 11:05 pm 
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Attachment:
File comment: STI - Daily
STI - 20110112.gif
STI - 20110112.gif [ 33.16 KiB | Viewed 275 times ]

STI still doing fine above 14-days EMA line at the moment... ;)
Rotational play and buying interest continues to take place among small caps and a few mid caps... :lol:
Stock and sector selection becomes more important in this 2nd half of bull market... 8-)

Attachment:
File comment: STI - Hourly
STI - Hourly Chart - 20110112.gif
STI - Hourly Chart - 20110112.gif [ 34.12 KiB | Viewed 240 times ]

However, hourly STI had slipped back inside the hourly Bollinger Bands now... :roll:
Luckily its still above the important horizontal support level of 3217... :lol:
Two hourly midas lines are also converging at 3210, so 3210~3217 forms a very strong support zone for STI... ;)
As long as STI can continue to close above 3217, the chance of reaching new high within the next one mth will remain high... ;)

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 Post subject: STI - 20110121
PostPosted: January 22nd, 2011, 10:05 pm 
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Attachment:
File comment: STI - Daily
STI  - 20110121.gif
STI - 20110121.gif [ 33.41 KiB | Viewed 281 times ]

Weak daily close below 14-days and 50-days EMA lines... :(
If weakness continues to persist next week, then the daily midas line at 3147 will offer some support... ;)

Attachment:
File comment: STI - Hourly
STI - Hourly Chart - 20110121.gif
STI - Hourly Chart - 20110121.gif [ 30.43 KiB | Viewed 287 times ]

An hourly breakdown of the bollinger bands trigger another breakdown below the important hourly horizontal level at 3217... :shock:
Next hourly horizontal level is at 3124... 8-)
Since the hourly chart is still weak, its time to be cautious....but do keep a lookout for resilience counters as the next batch of market leaders... :lol:

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 Post subject: Re: Cinderella's Trading Room
PostPosted: February 9th, 2011, 9:18 am 
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Hi Cinde, nice read here, learnt alot from this thread.


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 Post subject: STI - 20110304
PostPosted: March 5th, 2011, 2:15 pm 
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Attachment:
File comment: STI - Daily
STI - 20110304.gif
STI - 20110304.gif [ 37.25 KiB | Viewed 284 times ]

Notice how STI managed to claw back above 200-days EMA line within 8 trading days in last May correction... ;)
Lets see if STI can repeat this feat for the on-going correction... :roll:

Daily Midas Resistance: 3149
14-days EMA: 3056
50-days EMA: 3124
200-days EMA: 3061

Attachment:
File comment: STI - Hourly
STI - Hourly Chart - 20110304.gif
STI - Hourly Chart - 20110304.gif [ 36.96 KiB | Viewed 289 times ]

The technical rebound is taking STI near to the hourly upper bollinger band... 8-)
Lets see if STI can consolidate safely within the hourly bollinger bands in the next two weeks... ;)

Hourly Upper BB: 3093
Hourly Lower BB: 3005
Hourly Midas Resistance: 3145
Hourly Horizontal Resistance: 3124

So...there is a heavy resistance zone at 3120~3150... :roll:

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 Post subject: STI - 20110316
PostPosted: March 16th, 2011, 8:33 pm 
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Attachment:
File comment: STI - Daily
STI - 20110316.gif
STI - 20110316.gif [ 36.72 KiB | Viewed 265 times ]

Notice how STI got rejected at 3120~3150 resistance zone and 50-days EMA... :(
The recent japan earthquake and nuclear crisis compound the hammering to a new recent low this week... :cry:
Note that this is the second time that STI breaks below 200-days EMA within one month... :roll:

Attachment:
File comment: STI - Hourly
STI - Hourly Chart - 20110316.gif
STI - Hourly Chart - 20110316.gif [ 30.75 KiB | Viewed 231 times ]

A severe pierce-through below the hourly bollinger bands yesterday... :shock:
Lets see if it can repair back into the hourly bollinger bands asap... 8-)

Attachment:
File comment: STI - 5-days Displaced EMA-5
STI - 20110316 - Displaced EMA.gif
STI - 20110316 - Displaced EMA.gif [ 33.82 KiB | Viewed 319 times ]

A new method to evaluate the strength and weakness of the market:

1) Plot a 5-days EMA line on the daily chart
2) Displace or shift this EMA line to the right by 5 days (+5)
3) If STI can close above this displaced line after a severe correction => early sign of strength
4) If STI cannot close above this displaced line after a strong rally => early sign of weakness
5) Useful to apply after a continuous string of breakouts or breakdowns to detect early onset of sustainable reversal
6) Not very useful for side-way or trend-less market situation

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 Post subject: STI - 20110322
PostPosted: March 22nd, 2011, 9:05 pm 
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Attachment:
File comment: STI - Daily
STI - 20110322.gif
STI - 20110322.gif [ 33.97 KiB | Viewed 287 times ]

Note that STI is still below 14-days, 50-days and 200-days EMA lines... :(

Attachment:
File comment: STI - Hourly
STI - Hourly Chart - 20110322.gif
STI - Hourly Chart - 20110322.gif [ 31.44 KiB | Viewed 305 times ]

Hourly chart is stronger than daily chart since STI managed to squeeze back into hourly bollinger bands... :lol:
But as long as daily chart is weak, a strong hourly chart could only mean a technical rebound in progress... :roll:

Hourly Midas Support: 2972
Hourly Midas Resistance: 3010

Attachment:
File comment: STI - Displaced 5-days EMA
STI - 20110322 - Displaced EMA.gif
STI - 20110322 - Displaced EMA.gif [ 34.13 KiB | Viewed 307 times ]

STI is still loitering below the displaced 5-days EMA line... :(

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 Post subject: STI - 20110323
PostPosted: March 23rd, 2011, 10:45 pm 
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Attachment:
File comment: STI - Daily
STI - 20110323.gif
STI - 20110323.gif [ 38.79 KiB | Viewed 301 times ]

STI managed to close above 14-days EMA today... ;)
But can it repair further to avoid the ominous death cross of 50-days and 200-days EMA lines? :roll:

Attachment:
File comment: STI - Hourly
STI - Hourly Chart - 20110323.gif
STI - Hourly Chart - 20110323.gif [ 31.47 KiB | Viewed 288 times ]

Nice clearance above the hourly midas line 3010 today... 8-)

Attachment:
File comment: STI - Displaced 5-days EMA
STI - 20110323 - Displaced EMA.gif
STI - 20110323 - Displaced EMA.gif [ 36.28 KiB | Viewed 301 times ]

STI managed to rebound above the displaced 5-days EMA line today... :lol:
Lets see if it can continue to stay above this displaced line for the rest of this week... ;)

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