i see red

based on charting, anyone can point out that STI is creating an ascending flag or upwards wedging, maybe poised for a breakout. important level to watch is 2285. however, today proved to be a down day as it tried to reach the high of 2285. i believe that there will be a few more down days after today since the charge has lost its momentum.

areit is showing a short but the perfect entry would be on monday. just need to watch out for a slight pullback after 4 days in the red. short on strength, 10/27 EMA showing that areit is starting to downtrend. target at 1.23. if its still downtrending, enter a short back at 10-day EMA. stochastic crossover will confirm movement.

reversal at peak

time to share some trading views. it's been awhile since i've put up anything, so lemme just get the ball rolling again.

with STI closing in the red today, the daily chart for the past 2 weeks nicely shows a double top formation. other indicators may confirm the reversal with stochastic cutting its signal and RSI showing a bearish divergence. why i would say that this might be a potential reversal? simple. the market failed to break its previous high of 2285, created a peak and sank. RSI shows a weakening momentum, indicating weakness in the upwards movement. we could see STI moving to 1990, which is a 50% retracement from the start of the up move. important level to watch is the 2132 support, in which a move below this could signal the retracement or reversal.

i was long on AREIT a few days back, showing a nice upwards hammer with a stochastic cut. RSI also shows a positive divergence and the stock was on a steady uptrend. however, it started acting weird with 2 days hovering around its open, indicating that it has lost abit of steam. so i guess it was right to pull out. the stock closed at 1.36 today, not a very good sign. i'm not turning short on this stock just yet although 10EMA has already cut 20EMA. worth waiting a little bit more.

i always loved looking at capitaland when trading volume is high. today it made a reverse hammer, hanging... short signal? maybe, but i would prefer it to gap up in the sky, at least showing me a shooting star. other indicators such as stochastic and RSI showing that a downwards move is imminent. a slight bearish divergence on the RSI that i would not discount, but its worth looking. capitaland would be a good short, just look out for 3.33 and 3.13 support levels.

i was so stupid

i decided to clean out my cupboard. i just got 7 to 9 new t-shirts and a couple of shorts so i decided to tear up my wardrobe. i dragged out a pile of clothes neatly folded and well, i came across an old paperbag. my heart sank. it was the one she was looking for. there was a diary inside, and i thought to myself, better not read it. like she said, it might "reopen old wounds that have been painfully stitched". i have a knack of not listening to anyone so i went ahead and read, looking for specific dates in the diary.

i was scarred, and angry.

i guess i had no name back then. i was kept a secret, a dark secret affair that could never be made public. i was like a toy that you kept in your closet, a source of comfort in your loneliest days but it would also make you feel guilty because i was supposed to be kept a secret. honestly i hated this and for many years i've endured.

there was no mention of me.

none at all.

what am i to you? what was i to you? seriously, what was i to you?

i hope you are reading this. i'm just sharing with you the pain. the blood never stopped flowing. there are still shards lodged within this aching heart.

another great day

yes it was another great day. it was cloudy and cold, just the way i like it. it helps me think clearly. it helps me remember. but it never helps me forget.

funny how i define a great day to be one where it is all dark and gloomy, where i simply have time to myself and do nothing. since when have i been this way? funny, i don't remember. now the only thing missing is the last string on my guitar. i really should get a new set of strings. i wish there was an online shopping site where they would deliver the guitar strings right to my doorstep. maybe there is...

well anyways i'm torn between ghs bright bronze contact core, ghs vintage bronze and ghs silk and bronze. i'm not a fan of sounds that are too warm and mellow, i'm gunning for sounds that are brighter, slightly warm is fine, as well as crispy, giving that tone suitable for studio recording. if you do have any inputs i'd like to hear them out. currently i'm using bright bronze contact core strings, and they do provide great sustain and a full and rich tone. i might want to try something different.

sadly, its not longer raining now. i wish it would continue throughout the night. no i'm not being emo, i thrive in the dark and i have a dark dark life. and exams are next week and the week after, i'm expecting myself not being able to breathe for awhile, but once that is over it is going to be a long long break that we all truly deserve.

are we really going short?

the markets have been on a rampage since a number of weeks back. it has been up, up and up. but is there any reason behind this? i have no clue. but lets just look at some of the factors and you make your own call, and tell me have you ever seen a bear charging up.

economic conditions in general hasn't been all good. positive news have been sporadic, adding fuel to the rally. the current climate still looks very dark and gloomy, and there isn't really a light at the end of the tunnel. not anytime soon. but why this strong upwards move?

my best guess to this question would simply be human rational/irrational behaviour. once the low was touched again, it formed a double bottom pattern, and bargain hunter scooped huge baskets of stocks and keep them in their portfolio. herd mentality led others to do the same as his neighbour or the shoe shine boy. the huge wave in buying led to an increase in momentum in buying pressure, a wave that swept short sellers by surprise, forcing them to cover their positions at either a loss or a reduced profit, spurring the rally. like pouring fuel to a fire.

as a result, the market gives a false sense of impression that businesses are picking up, the market has waded the storm floods and the sun is back up again. people are in a positive mood.

then as we look at the next critical resistance, the highest high since the lowest low was touched, this is where short sellers are lying wait. the wait for the next sign that the momentum has died, and the frenzy of buying will lead to the next wave of manic selling.

today the market turned, whether that is an indication or not, i can't say for sure. it might just be a consolidation. but all i can say is that if you expect the stock market to pick up, stop and rethink.

the next wave will come, and its going to be down.

wtf

i can't believe that i still reminisce. its kind of shitty when you think of it. you are enjoying your life now. well good for you, but never discredit what ive done for you and how i did make a difference. i know who you credit for what you've become, but seriously until then, no one knew you better in this world than me.

never discredit me, for i never did discredit you.

i was watching band of brothers this afternoon and i was strangely immersed into the setting of the show. i must say that it is one of the best ww2 shows out there.

how i wish i lived in that era. much better than training during ns i must say. isn't it wonderful to live each day, not knowing whether you would be able to see the light of tomorrow? i want to walk and fight on the frontlines, each day seeing new places far away from home. each time staying and harbouring in a place so foreign to me. each day moving forwards, no turning back.

to be honest, if i had to do that to protect my loved ones, i'd get up and fight.

in one of the scene, an enlisted man took out a photo, and it reminded me of us. how only that photo got me through the thick and thin. how i felt like crying each time i looked at it. but the only difference is that i'm proud to tell others about us, while you were too preoccupied with something else on your mind.

just to prepare for whats up tomorrow, sti has a high likelihood of moving up, provided it can shake off the dow's slide down. expect dow to continue on its path.

sti and the dow

dow jones is at its resistance, with 2 days of high volume trading, slight spinning top double and indicators on negative ROC. expect the dow to move downwards tonight, and continue for the next week. 7100 is the initial level to look out for, followed by 6516 if the downtrend persists.

sti showed a spinning top pattern, at a crucial support/resistance level. no abnormalities in volume indicating consolidation, and i expect sti to carry on its move upwards if monday shows strong buying pressure. level to look out for is 1635, this is where sti is going if its going up.

just to point out that intraday volatility for indexes may give false trading signals. thus, it is prudent to widen your stop losses.

updates

once again i was reminded of my past. how bittersweet it was. it was akin to lightning flashes as the memories flashed on and off, triggering a flurry of senses throughout my whole body. this is distracting. utterly.

i was looking at the dow and sti. dow had made a 50% retracement from its trough and is currently weakening in motion. i would expect channel trading to occur between yesterday's high and the lowest low. as for the sti, it is hovering around a key support/resistance level, an upwards break of 1630 would signal further upmove. as with the down, expect channel trading to occur.

thats all.

sorry.

a need for change

he said that life was like a box of chocolates, and that you'll never know what you get inside. indeed, you will never know what you will get inside. but before getting that box of chocolates, don't tell me you bought hershey's bittersweet chocolate expecting something else like white chocolate inside.

i always believed that all of us are in control of our lives. we control our destiny and we make our own choices. we may be swayed by those around us, but ultimately, it is the choices we make that sets us on the path of our own lives.

it is indeed another rainy day, and i'm loving it.

my life hasn't always been perfect in a normal sense. how good can life be when you endure failures and suffering? people always choose to see the darker side of life, and only choose to embrace the darkness. but what i'm trying to bring across here is that darkness should be embraced, and you should hold steady in your hands, a lit candle that will help you see through the darkness.

when i was young, i mixed with the wrong company and went on a rebellion rampage. as i grew older, i got worse and began to stray from my ideals. it took me some time to get my act together. it took a threat from my dad to wake me up from my carefree slumber. it took several scarring from my mum to get properly educated. that is my life.

today, as i look around, i see my past in alot of people. carefree and reckless. youths spending their parents money on rubbish just to satisfy their basic needs and the need for acceptance into their "community" which would one day screw them over. i see helpless people, who lack that personal drive in doing something and let their emotions get the better of them. i see failure turned into more failure because giving up seems like the best option.

indeed there is a need for change. i want to be the change.