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STI update…going up?

Collin Seow — Mon, 04 Jul 2011 04:49:44 +0000

STI forming a symmetrical triangle. If the STI can break out of the consolidation , it may signal a change of the trend. However, we have NOT yet broken above the trendline. Next few days will determine the direction.

Chart pattern Studies

Collin Seow — Fri, 25 Dec 2009 23:51:47 +0000

Recently , I did a $10 seminar on chart patterns, just want to update those who came for the seminars .

One of the high probability patterns we talk about is the triangles. Below is an example of triangles. There are some more of such seminar coming up so do look out for the blog

want to know where the market is heading?

Collin Seow — Wed, 26 Aug 2009 22:30:54 +0000

Leaders lead the market. China stock market is a leader .They have move up more than any market in Asia.

We can see from here that after 2 buy signal in mid Mar , the CSI system has a sell signal on 13/08/09. Currently it is still a stay out signal.

Technical speaking, the 100MA (yellow ) is not providing the support. Looking at the magnitude of the fall, they maybe a short rally before testing the 200MA (red).

For STI , I will remain cautious as the leaders has already show weakness.

Capitaland Support turn resistance

Collin Seow — Tue, 25 Aug 2009 01:54:30 +0000

follow up post on capitaland , today will be trigger for short for capitaland. stop loss will be above the trendline.

Jakarta Composite Index using CSI trade system

Collin Seow — Tue, 28 Jul 2009 02:02:58 +0000

You can click on chart to enlarge it . ( Jakarta Composite Index)

How CSI work on ALL index

You need 3 signal to go long

Green Ribbon (at the base)

Blue Candlestick

Buy arrow.

To take profit for long , just wait for color of candle to change from blue to red.

For Short , the signal is

Red Ribbon

Red Candlestick

Red Arrow

The signal to cover you short position is when the candlestick change color from blue to red.

This is main essense of the CSI trading system.

There are other rules like trailing stop loss and re-entry to further enhance the returns.

Weekly vs Daily chart

Collin Seow — Mon, 15 Jun 2009 01:19:54 +0000

posted on 10th June

Momentum (12)is now at 12 year high, this is really amazing. The last time the momentum is so high is 27.11.1998. The STI did pull back a after the rally, but not much and after that there was another big rally.

posted on 12th June

On the daily chart as posted previously, the STI momentum continue to show divergence signals.ie: price moving higher with momentum dropping.

For STI to continue going higher , it need to break above 2420 which is the resistance at the moment.If STI can break above 2420 , the momentum is likely to break the downtrendline B, which will bring us to about 2600.

So for now , just wait and see. Also , I will try to lighten up until clearer signal.My personal view.

There is no contradiction of the 2 view. Why?

this is because posted on the 10th is a weekly chart but posted on 12th is a daily chart.

Let me try to explain using simple English.

Weekly charts= any drop maybe temporary halt of the uptrend. After resting for a while , my view on weekly , we maystill make another high .

Daily charts = already showing divergence in momentum , so consolidation may to happen. My view is if trading the daily charts you can consider reduce exposure and wait for a correction to buy again.Knowing that the weekly charts still have a lot of upward momentum mean that the correction may be shallow.

Resistance is 2420 and support 2270 .

Hope this help