MISSION STATEMENT: Stock investors can make money by careful investing. It is the mission of this blog to share stock investing knowledge and ideas so that we can all benefit from the stock market.
ABOUT
I am a remisier with a local Singapore stock broking house. This blog was set up as a personal endeavour for all stock investors to share their knowledge on stock investment, be it on Fundamental Analysis (FA) or Technical Analysis (TA). The combination of this knowledge would be FATA (发达）, which means to prosper in Mandarin. It is my sincere wish that members will benefit from this sharing of knowledge and prosper. For many of us, we need to make our money work harder for us so that we can have sufficient for retirement. But at the same time, be careful about your investment. As Warren Buffet said: "Do not lose your capital". DISCLAIMER: It is important to state here that this information sharing and discussion is purely for that purpose - sharing and discussion. This blog was started in good faith by the administrator, but all investors should take personal responsibility for their stock investment decision. Neither the administrator of this blog nor any of the contributors to this sharing/forum will be responsible for any loss that you may suffer as a result of your investment. You are advised to do your own research before making any investment decision. It is also important to state that inevitably, there will be stocks where the administrator and/or blog members would have an open position (or interest) in. This is inevitable as surely we would "put our money where our mouth is". In no way does it mean that we are soliciting your support to "pump up" the stocks as it is totally your choice whether to trade that particular stock or not.
Sunday, 12 October 2014
DJIA as at close of 10 Oct 2014
DJIA as at close of 10 Oct 2014
DJIA
closed the week on Fri falling by 115.15 pts to 16,544.10 pts. With
this fall, it is now clearly below its 150 day MA support. The next
immediate horizontal support is at 16370 pts. MACD curve is also
definitely in negative territory now, reflecting confirmed negative
market sentiment. The probability of the DJIA falling further this
coming week is higher now, given the negative indicators. If DJIA is to
go for a 10% downward correction, then it will hit the 15400 pts
horizontal support.
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