Singapore Wyckoff & Volume Spread Analysis

An update on DJI and STI since 9th feb.... DJI fails to break the 16250 resistance yesterday and was thrown back to support at around the 16000 region. A break below 15850 could mean that DJI will turn bearish again. At the moment, there are multiple support level on the DJI at around 15900 region and 15700 region. For our local index, the STI is still on a mid term down trend until the 3140 level is conquered. Meanwhile, STI has rallied close to 120 pts, 4 percent approx since the low of 2960 was reached. However, do take note that in the meanwhile, index heavy weights such as Singtel, JSH, JMH, Jardine C&C, OCBC are the main gainers throughout this minor (suckers) rally? I wouldn't be too convinced until trend channel is broken.   Do pay attention to the gap up of the STI yesterday. Suspicious gapped up with strong volume could indicate that the smart money has already left the market. Any break of recent support of the STI could means we might have potentially hit...

A good Sunday to everyone. It has been a really good year for me so far and I hope the same for everyone too! Just want to a have quick update on DJI and STI before the week ends...I haven't been updating regularly in the blog, but I been posting quite a fair bit in my facebook. If you always dwell on the daily chart, there is a slight chance that you will be missing the important details of the trades. Wyckoff methodlogy dwells on the tape, all the single transactions that makes up the candle. A lower time frame might on occasions give a better reflection on the market, but that depends on whether the lower time frame chart has signals on it. A good example will be on the chart of DJI. Smart money has accumulated on the cheap and has prevented the DJI from avalanche down lower. Whatever it is, it seems that we might be on track for a short term rebound. These are the initial resistances levels that I will be wary of. As for our local Singapore market, ...

 Coupled with bad market sentiment and impending take over, OCBC has been the worst performer of our STI.The question is where does it stops bleeding? Putting away the technical analysis/chart, there will be 2 scenarios for OCBC... First, the take over talks halts and deal was called off. OCBC share price runs up..straight forward. Nothing to see/buy. Second : Company announce rights or any forms of money grabbing facilities to pay for their acquisitions. Reactions from the public will be very adverse and more sell down could happen if such announcement was made. Investors will sell for several reasons : rights subscription price is hefty, hence no money to subscribe and doesn't want to be diluted. 2) they dont see the acquisition as something meaningful and accreditve to what OCBC already has. 3) Plain panic. 4) Plain panic cum market sentiments. If the form of rights subscription does happen for the acquisition, which I believe it will, I will use wyckoff/vsa to time...

Do join the fb page. Lots of thorns amongst the roses in the scans today...