A post mortem on Raffles Education

A Post Mortem on Raffles Education.
Too emotionally charged to win.

1st Time. How I came to notice Raffles Education is thru Stock and Shares magazine.
I was following Informatics and somehow I came across Raffles Education which looks
technically great on the weekly chart.
It has broken out.

2nd time : A trader friend mentioned that he has recieved recommendation to buy Raffles.
My interest was already perked. But I could and had the foresight to expect a 5th wave.
And then pull back.

I congratulate myself for being smart and correct.
It did go up and pull back.

The not so smart part or trying to be too smart,
I thought now,Yes ! , there is the wave 1 [completed 5 impulse waves]
and I had waited for the pull back the Wave A.

entirely ignored there is a B & C
Bullishly think that the wave down is wave 2 correction completed.
Went in and got caught.

SPY : Expect a correction

I just drew this on Doodle Buddy for iPad. With Doodle Buddy you can create awesome drawings on tons of backgrounds and even use cool stamps. Doodle Buddy is also available for iPhone and iPod touch. Check it out at www.pinger.com.

Cheers

Mark (Chin M)

WPL : woodside Petroleum : Keeping an eye out on WPL

WPL : woodside Petroleum : Keeping an eye out on WPL
as an Oil, Gas & Energy play.

Nexus : Share price tipped to go up despite loss.

Ref to previous post on * Feburary on Nexus




Followed up update on Nexus :




AFR Article :

Brisbane property to drop 10% to 35%

Star bucks : SBUX

WES

Wes : Wesfarmers
Hourly Chart.
Prices has weakened.
Flag formation is abolished.
Waiting for a reversal to get out.

WHC : watching and Update

2 shooting stars. A bearish reversal signal.
Stochs pointing downwards.
Prices going back towards the mean.
However will not go down without a fight.
Trend line is still up.
If Trend is a friend its has to be a friend now.
Triangle play is over.
Prices tested both the trend line and foremer resistance line.
If test and rebound from tehre there is still hope yet !!

Watching Cromwell : AU:CMW

Crowmwell or CMW is done about 8 weeks of consolidation.
Basically over the Holiday period and the Capricorn month.
The 2 months of consolidation forms the handle of the cup
Alot of consolidation going on. Alot of energy build up.
That energy has to go some where !!

Watching VZ : Verizon

Watching Verizon.
But so far no break out yet.
so still no action.
Like a sniper waiting for its target to come into view.
Like a lione watching its prey.
Crouching but no launch yet.
The prey has not "blink" yet.
"blink" = "BreakOut".
The prey is cornered but still has a chance to get away.
The Lion Trader is patient he doesnt want to waste his energy in
launching into space.

Airline Stks

Airline Stks : Fundamental vs Tech Analysis

My own paintings with iPad!

Triangles Selected from AFR shortlist

STI : Bearish Divergence

Monthly chart : STI looks very toppish.
Drilling into the weekly to see the internal structure of the monthly chart
3,100pts is the near term support.
However, from this perspective prices seems to be consolidating maybe
for one last push higher.

STI : Singapore Straits Times Index

ASX : All Ordinary : Moment of Truth

Retesting Resistance at 5,000.
Which is also a significant 50% fibonacci retracement.
Testing it 3rd time.
Next Fibo level is at 5,600

VZ : Verizon : Update

MOTLEY FOOL.COM
These Tech Stocks Will Make Me Rich
By Tim Beyers More Articles
February 7, 2011 Comments (0)

But the week's biggest winner could be Verizon (NYSE: VZ). On Thursday, the company opened up pre-orders for the iPhone ahead of next week's official launch. Two hours into the free-for-all, the carrier had set a new record for first-day sales. If these mouth-foamers are any indicator of long-term demand, Verizon could yield at least $6 billion in revenue in its first year of carrying the iPhone

-------------------------------------------------------------

Prices did not break as anticipated.
No action taken.
Watch and monitor price action next few days.
Either it test support at 33.5 or resistance at 36.5

CMW : Update :

Prices did break out of the triangular consolidation.
Broke at 0.73 to a high of 0.77
Consolidated and tested support line at 0.73
the previous resistance line.
Forming a flag and a triangle in the process.

Take note this is on a weekly chart.

Triangles Charts :

Telstra : What happens when a Fund sell off 128Million shares ??

Telstra rushes to seal NBN Co deal before half-year results

Lucy Battersby

February 8, 2011 February 8, 2011
http://www.smh.com.au/business/telstra-rushes-to-seal-nbn-co-deal-before-halfyear-results-20110207-1ak73.html
The Future Fund told the Australian Securities Exchange it had sold 128 million Telstra shares on market since January 10, reducing its stake in Telstra to 6.76 per cent. The fund holds 841 million shares, down from 2.1 billion in February 2007.

Verizon : VZ

Weekly chart : Triangle consolidation

Verizon : VZ

NewsCorp : NWS:

A triangular bottom.

QBE: Optimism for a company that sells pessimism

QBE: Optimism for a company that sells pessimism.
Possible target $20.00
Wave structure : A-B-C

Raffles Education

Possible Wave 2 complete.
Trend up to continue.
Look to enter.

Raffles Edu

Prices corrected with Wave 2.
Watch to enter.

WESFarmers : Flag on Daily chart : Consolidated Triangle on Monthly ??

Watch for a bit of pull back on the hourly chart.
If it happens at all.

If price can break resistance. Possible target $40-$42.

Take Care, its weekly chart.

Expect intra-fortnight play.

Take a look at the daily stochs.

Its pointing up from a low base.

And Price action showing a possible Flag.pennant pattern.

Watch for break to enter.

Telstra : Another Look : Consolidated Triangle.

Take note this is a weekly chart.
This could be an intra month play.
As compared to intra-day, intra-week or fornight.

Be prepared to hold up to 4 weeks.
Price Target : $3.20 - $3.10

CMW