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<title>Ping.sg  - Latest Pings From traderstudent</title>
<link>http://ping.sg/user/traderstudent</link>
<description>Ping.sg - The Community Meta Blog for Singapore Bloggers</description>
<copyright>Copyright 2012 ping.sg</copyright>
<docs>http://blogs.law.harvard.edu/tech/rss</docs>

<item>
	<title><![CDATA[DJIA hitting major resistance]]></title>
	<link>http://ping.sg/item/DJIA_hitting_major_resistance</link>
	<dc:creator>traderstudent</dc:creator>
	<description><![CDATA[Dow Jones will be testing a major resistive trendline tonight and we shall see whether it can break through this trendline. This trendline has held for 3 occasions and that adds to the strength of this trendline. Candlestick theory will help to decide whether this trendline is likely to hold this time. I am watching out for a doji or an inverted hammer with long wicks this …]]></description>
	<pubDate>Wed, 19 Mar 2008 23:35:00 +0800</pubDate>
	<guid isPermaLink="false">http://ping.sg/itemA/DJIA_hitting_major_resistance</guid>
</item>
<item>
	<title><![CDATA[Weekend review of DJIA and STI]]></title>
	<link>http://ping.sg/item/Weekend_review_of_DJIA_and_STI</link>
	<dc:creator>traderstudent</dc:creator>
	<description><![CDATA[I been busy with my school work so I have not been updated my blog for the past week which i apologize for that. For the past week, the piece of important news that came out was that the Fed will pump in money and that cause the Dow Jones to register it's highest gain in 5 years. On hindsight, i should have shorted the rally since following the rally, an inverted hammer was …]]></description>
	<pubDate>Mon, 17 Mar 2008 01:46:00 +0800</pubDate>
	<guid isPermaLink="false">http://ping.sg/itemA/Weekend_review_of_DJIA_and_STI</guid>
</item>
<item>
	<title><![CDATA[Weekend review of DJIA and STI]]></title>
	<link>http://ping.sg/item/Weekend_review_of_DJIA_and_STI_2</link>
	<dc:creator>traderstudent</dc:creator>
	<description><![CDATA[There has been some important movements for the Dow Jones. On thursday, it broke the 61.8% fibbonacci retracement support level. This means that technically speaking, we are likely to see it testing the January low level of around 11700 somewhere this week. The only thing is that the volume is not that heavy with this current dip so it's a minor thing in my humble opinion.I …]]></description>
	<pubDate>Sun, 09 Mar 2008 23:36:00 +0800</pubDate>
	<guid isPermaLink="false">http://ping.sg/itemA/Weekend_review_of_DJIA_and_STI_2</guid>
</item>
<item>
	<title><![CDATA[DJIA on minor support]]></title>
	<link>http://ping.sg/item/DJIA_on_minor_support</link>
	<dc:creator>traderstudent</dc:creator>
	<description><![CDATA[Dow Jones is currently supported at it's prior support level and the 61.8% fibbonacci level. Any break below this level and we will see it likely to dip all the way to the lows in Jan.Dow Jones Industrial Average:I was chatting on La Papillion's shoutbox when someone pointed out Swiber to me. A look at the chart reveals that it may be ripe for a short perhaps. We see the …]]></description>
	<pubDate>Fri, 07 Mar 2008 01:45:00 +0800</pubDate>
	<guid isPermaLink="false">http://ping.sg/itemA/DJIA_on_minor_support</guid>
</item>
<item>
	<title><![CDATA[Minor trendline testing for DJIA]]></title>
	<link>http://ping.sg/item/Minor_trendline_testing_for_DJIA</link>
	<dc:creator>traderstudent</dc:creator>
	<description><![CDATA[Last seen on monday, DJIA formed a doji or a hammer candlestick on the minor trendline. This seems to suggest that a short-term support has been found. We just gotta see whether this trendline holds this time.Dow Jones Industrial Average:SembMar seems to be doing good except that it is doing great heading south. Technically speaking, there was a prior gap up at $3.58 and it …]]></description>
	<pubDate>Wed, 05 Mar 2008 00:14:00 +0800</pubDate>
	<guid isPermaLink="false">http://ping.sg/itemA/Minor_trendline_testing_for_DJIA</guid>
</item>
<item>
	<title><![CDATA[Chinese New Year gloom]]></title>
	<link>http://ping.sg/item/Chinese_New_Year_gloom</link>
	<dc:creator>traderstudent</dc:creator>
	<description><![CDATA[First of all, a very happy chinese new year to all of you :) But i guess the festive spirit somehow did not spread to the markets.For the Dow Jones Industrial Average, it broke out of it's rising bearish wedge formation and it closed with a shaven black candlestick with heavy volume. It is expected as it failed to broke through the resistance level that was highlighted in my …]]></description>
	<pubDate>Thu, 07 Feb 2008 00:51:00 +0800</pubDate>
	<guid isPermaLink="false">http://ping.sg/itemA/Chinese_New_Year_gloom</guid>
</item>
<item>
	<title><![CDATA[A week of whipsaws]]></title>
	<link>http://ping.sg/item/A_week_of_whipsaws</link>
	<dc:creator>traderstudent</dc:creator>
	<description><![CDATA[This week has been a week full of whipsaws. Whipsaws in technical analysis, in my own layman term is that price action seems to break through a crucial level but it only broke through slightly thus giving the impression that it has broken through it, only to discover in subsequent closings that it din go in the forecasted direction.This can be seen in the Straits Times Index. …]]></description>
	<pubDate>Sun, 03 Feb 2008 22:13:00 +0800</pubDate>
	<guid isPermaLink="false">http://ping.sg/itemA/A_week_of_whipsaws</guid>
</item>
<item>
	<title><![CDATA[Middle of nowhere]]></title>
	<link>http://ping.sg/item/Middle_of_nowhere_2</link>
	<dc:creator>traderstudent</dc:creator>
	<description><![CDATA[Straits Times Index did not rally back to the resistive trendline that connected the previous 3 peaks or rather, it has not return back to test the resistive trendline yet. Gaps can act as technical levels of support and resistance. For the STI, it can be seen from the chart that the gap up is acting as a resistance and the gap down is acting as a support level and STI seems …]]></description>
	<pubDate>Tue, 29 Jan 2008 23:39:00 +0800</pubDate>
	<guid isPermaLink="false">http://ping.sg/itemA/Middle_of_nowhere_2</guid>
</item>
<item>
	<title><![CDATA[Weekend review of STI and DJIA]]></title>
	<link>http://ping.sg/item/Weekend_review_of_STI_and_DJIA_5</link>
	<dc:creator>traderstudent</dc:creator>
	<description><![CDATA[This time i am using the weekly chart for the Dow Jones. This is because the minor trend is too volatile and it's hard to gauge the trend of the market. A weekly chart will give more confirmation on the major trend.On the weekly chart, we can see that there is a well-tested trendline which has been acting as a resistance for 2 peaks and 1 time as a support level. It broke …]]></description>
	<pubDate>Sun, 27 Jan 2008 23:57:00 +0800</pubDate>
	<guid isPermaLink="false">http://ping.sg/itemA/Weekend_review_of_STI_and_DJIA_5</guid>
</item>
<item>
	<title><![CDATA[Market reversal]]></title>
	<link>http://ping.sg/item/Market_reversal</link>
	<dc:creator>traderstudent</dc:creator>
	<description><![CDATA[Today, a lot of technical factors suggest that a market reversal has taken place. For the Dow Jones, it appears to pierce the February support level but it formed a hammer candlestick with a very long tail. This hammer was formed with very heavy volume and this increases the probability of it being a technical indicator showing a market reversal.Dow Jones Industrial …]]></description>
	<pubDate>Thu, 24 Jan 2008 00:14:00 +0800</pubDate>
	<guid isPermaLink="false">http://ping.sg/itemA/Market_reversal</guid>
</item>
<item>
	<title><![CDATA[Weekend review of DJIA, STI and HSI]]></title>
	<link>http://ping.sg/item/Weekend_review_of_DJIA_STI_and_HSI</link>
	<dc:creator>traderstudent</dc:creator>
	<description><![CDATA[Volume is an essential tool in technical analysis since in technical analysis, volume confirms price action and this was important tool for market action for the past week.For the Dow Jones, it broke the August closing support level and is now heading towards the February support level. The striking thing about the chart is that as the index action plunges down all the way, …]]></description>
	<pubDate>Sat, 19 Jan 2008 14:06:00 +0800</pubDate>
	<guid isPermaLink="false">http://ping.sg/itemA/Weekend_review_of_DJIA_STI_and_HSI</guid>
</item>
<item>
	<title><![CDATA[Downtrend in process]]></title>
	<link>http://ping.sg/item/Downtrend_in_process</link>
	<dc:creator>traderstudent</dc:creator>
	<description><![CDATA[Today was another red day for the STI. Most counters were not spared and plunged heavily. However, there is always hope in this plunge as a lot of counters which are overvalued are starting to look cheaper and it's a great time to pick up counters. There is nothing technical about this. Times of crisis are always a good time to pick up fundamentally strong counters and even …]]></description>
	<pubDate>Tue, 15 Jan 2008 22:57:00 +0800</pubDate>
	<guid isPermaLink="false">http://ping.sg/itemA/Downtrend_in_process</guid>
</item>
<item>
	<title><![CDATA[Weekend review of STI and DJIA]]></title>
	<link>http://ping.sg/item/Weekend_review_of_STI_and_DJIA_4</link>
	<dc:creator>traderstudent</dc:creator>
	<description><![CDATA[For the Dow Jones, the current channel resistance seems to be broken. However, the volume still remains to be very heavy so one should be prudent. DJIA seems to be building a base as we notice that the low of friday was higher den the low of on wednesday. As of now, it is better to wait for subsequent closings before deciding whether the bottom has been reached …]]></description>
	<pubDate>Mon, 14 Jan 2008 00:53:00 +0800</pubDate>
	<guid isPermaLink="false">http://ping.sg/itemA/Weekend_review_of_STI_and_DJIA_4</guid>
</item>
<item>
	<title><![CDATA[November support breached for DJIA]]></title>
	<link>http://ping.sg/item/November_support_breached_for_DJIA</link>
	<dc:creator>traderstudent</dc:creator>
	<description><![CDATA[Dow Jones breached it's November support level on the latest closing with heavy volume and that is very bearish. We gotta wait and see whether it will hold the lows of August. But notice that if we consider the close only, it has already breached both the closings of August and November.Dow Jones Industrial Average:]]></description>
	<pubDate>Wed, 09 Jan 2008 11:42:00 +0800</pubDate>
	<guid isPermaLink="false">http://ping.sg/itemA/November_support_breached_for_DJIA</guid>
</item>
<item>
	<title><![CDATA[Weekend review of STI and DJIA]]></title>
	<link>http://ping.sg/item/Weekend_review_of_STI_and_DJIA_3</link>
	<dc:creator>traderstudent</dc:creator>
	<description><![CDATA[Dow Jones did not hold the trendline dat i posted for my last post. It broke the trendline convincingly and now we are looking at at the Aug and Nov correction support levels again.The level of around 12710 is the level for the prior corrections as seen on the chart and we shall see how DJIA approach this level. This level is a very significant level so there is some chance …]]></description>
	<pubDate>Sun, 06 Jan 2008 23:31:00 +0800</pubDate>
	<guid isPermaLink="false">http://ping.sg/itemA/Weekend_review_of_STI_and_DJIA_3</guid>
</item>
<item>
	<title><![CDATA[Construction sector in play ?]]></title>
	<link>http://ping.sg/item/Construction_sector_in_play_</link>
	<dc:creator>traderstudent</dc:creator>
	<description><![CDATA[I noted ChipEngS aka CES on the top movers section today. It closed with a white candlestick with heavy volume. As seen in the chart, CES broke the resistive trendlines today. It seems to me that this looks like a triangle formation.ChipEngS:Another counter is Lian Beng which is approaching it's historical closing level. It closed with a shaven white candlestick with it's …]]></description>
	<pubDate>Thu, 03 Jan 2008 00:45:00 +0800</pubDate>
	<guid isPermaLink="false">http://ping.sg/itemA/Construction_sector_in_play_</guid>
</item>
<item>
	<title><![CDATA[Start of the new year !]]></title>
	<link>http://ping.sg/item/Start_of_the_new_year_</link>
	<dc:creator>traderstudent</dc:creator>
	<description><![CDATA[This will be my 1st post of the new year ! :) Quite excited about it though i can't say the same for the markets now.For the Straits Times Index, it closed well with a shaven white candlestick with a heavy volume. Notice that STI only opened for half a day, so i consider that volume to be relatively heavy.However, STI broke it's channel support 2 closings ago and notice that …]]></description>
	<pubDate>Wed, 02 Jan 2008 01:10:00 +0800</pubDate>
	<guid isPermaLink="false">http://ping.sg/itemA/Start_of_the_new_year_</guid>
</item>
<item>
	<title><![CDATA[Weekend review of STI and DJIA]]></title>
	<link>http://ping.sg/item/Weekend_review_of_STI_and_DJIA_2</link>
	<dc:creator>traderstudent</dc:creator>
	<description><![CDATA[By the Dow theory, a higher high and a higher low is confirmed for the Dow Jones thus an uptrend is still in place despite the dips recently. I believe DJIA should rebound off from it's current level technically.DJIA has tested the 200d MA and has successfully close above it for the past 2 closings. Furthermore, the formation of a doji candlestick suggest that a short-term …]]></description>
	<pubDate>Sun, 30 Dec 2007 01:36:00 +0800</pubDate>
	<guid isPermaLink="false">http://ping.sg/itemA/Weekend_review_of_STI_and_DJIA_2</guid>
</item>
<item>
	<title><![CDATA[Rally led by retailers]]></title>
	<link>http://ping.sg/item/Rally_led_by_retailers</link>
	<dc:creator>traderstudent</dc:creator>
	<description><![CDATA[Dow Jones broke above the 200d MA and along with the other MAs used in my chart, namely the 50d and the 100d MA and that is a bullish sign. Next resistance will be the prior peak level around 13767. Overall, it's a good sign that DJIA is finally recovering.Dow Jones Industrial Average:I do have more observations on the Straits Times Index. STI is still below the 200d MA but …]]></description>
	<pubDate>Wed, 26 Dec 2007 23:39:00 +0800</pubDate>
	<guid isPermaLink="false">http://ping.sg/itemA/Rally_led_by_retailers</guid>
</item>
<item>
	<title><![CDATA[Weekend review of STI and DJIA]]></title>
	<link>http://ping.sg/item/Weekend_review_of_STI_and_DJIA</link>
	<dc:creator>traderstudent</dc:creator>
	<description><![CDATA[This post will be a very simple one. The Dow theory worked relatively well in the previous corrections though by the time it is confirmed, it is a bit late in catching bottoms. Rather it can be used to confirm bottoms. A higher high and a higher low will confirm a uptrend and a lower high and a lower low will confirm a downtrend.For the Dow Jones, it can be seen from the …]]></description>
	<pubDate>Sun, 23 Dec 2007 23:34:00 +0800</pubDate>
	<guid isPermaLink="false">http://ping.sg/itemA/Weekend_review_of_STI_and_DJIA</guid>
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