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.

Friday, 3 October 2014

DJIA as at closing of 2 Oct 2014

DJIA as at closing of 2 Oct 2014
DOW JONES INDUSTRIAL AVERAGE INDEX (as at 2 Oct 2014)
After Wednesday's fall of 235 pts, DJIA fell only 3.66 pts yesterday, forming a "spinning top" candlestick. This "spinning top" candlestick is a sign of indecision. However, looking at the over technical indicators, the market sentiment is still weak. The index is still supported by the horizontal support of 16733 pts and the converging 150 days MA. If it continues to fall below this support and the 150 day MA, its next horizontal support is at 16580 pts, failing which, the next support is at 16370 pts. This 16370 pts was where it bounced back up on the 8 Aug after it had went below the 150 day MA. If it continues to go below this, then it could be a start of a potential bear trend.
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