Cinderella's Trading Room

[Cinderella]

STI - Daily

STI - Daily - 20090622.gif (20.77 KiB) Viewed 1271 times

Notice how STI is unable to squeeze itself past the cyan trendline of the parallel channel today...
This cyan trendline is the resistance barrier to block out any attempts to form any new uptrends...

STI - Hourly

STI - Hourly - 20090622.gif (23.12 KiB) Viewed 1275 times

A closer look at the hourly movement shows how STI continues to be bounded by cyan resistance trendline + yellow parallel channel...
The blue trendline support will come into the picture near 2200 in a few days time...
Immediate support will be at 2237, which is the last week's low...This magic number must defend fiercely in this week...

[Cinderella]

Crude Oil - Hourly

Crude Oil - Hourly.png (33.08 KiB) Viewed 1252 times

Notice how the crude oil breaks down the 3-mths old uptrend channel support tonite...
This is a sign of trend reversal, which will force it into a correction mode...
Be careful if you are long in the oil-related and commodity counters for this week onwards...

[Cinderella]

STI - Hourly

STI - Hourly - 20090624.gif (23.49 KiB) Viewed 1023 times

Nice bounce off the lower trendline of yellow downtrend channel...
The upper trendline of yellow channel will impose a resistance at 2300~2310 zone for tmr...
Do note that this bounce is on a very low volume....so be very careful on any sign of weakness...

[Cinderella]

STI - Daily

STI - Daily - 20090625.gif (21.44 KiB) Viewed 1089 times

STI will be trying to charge out of the yellow downtrend channel in the next few hrs...
This downtrend channel breakout will trigger the shortists to scramble for short covering...power repair by the BBs for window dressing...
Nearest resistance is the cyan trendline and midas line at 2350~2365 zone....

[camelshuan]

wa...try to build up my post ,later cannot chit chat here liao

[Cinderella]

STI - Daily

STI - Daily - 20090626.gif (20.5 KiB) Viewed 690 times

Exciting breakout through the yellow downtrend channel...
Nearest support is at daily midas line at 2275...Nearest resistance is daily midas line at 2352 and cyan trendline for this window-dressing week...

STI - Hourly

STI - Hourly - 20090626.gif (24.15 KiB) Viewed 690 times

Hourly midas resistance is at 2340...Hourly upper bollinger band is at 2365...
Combining the daily and hourly resistance levels, 2352~2365 will form a strong resistance zone to block out further window-dressing attempts for next week...
As the funds reshuffle their portfolio on this coming wed onwards, the STI closing for this coming week will offer some clues on whether STI will break new high in July...

[Cinderella]

STI - Daily

STI - Daily - 20090630.gif (20.9 KiB) Viewed 428 times

Manage to touch the midas resistance line at 2352 in the first trading hour...but retrace below it for the rest of the day...

STI - Hourly

STI - Hourly - 20090630.gif (24.51 KiB) Viewed 427 times

Still unable to break through the hourly upper bollinger band at 2365...the resistance zone at 2352~2365 remains resilient against the final attempt of window-dressing today...
The important midas line support at 2292 must hold at all cost for the rest of this week to shield the index from falling back into the yellow downtrend channel...

[admin]

Thanks Cinderella for all the charts

STI... wait for you at 1800

[Cinderella]

Crude Oil - Hourly

Crude Oil - Hourly.png (14.62 KiB) Viewed 281 times

woo...dangerous shampoo formation...watch out if the critical neckline is broken...

[totiseng]

Got dandruff