Commentary

good afternoon,



take a look at those 3 charts, do you know where r we? so where r we heading next? i was expecting a possible false breakout for us before the plunge since the ST trend was still bullish n HSI butt thru, but as seen, DJ was eager to make the turn. A very high chance of ST trend turning bearish from DJ performance last night.



supports are still there due to this base formation for the past month or 2, so you roughly know where it is going to slow. projection if bears take control? for sti estimated @2500-2600. as i stated, march will be an exciting month, i do not know what is going to happen, but it sure will not be boring. again, investors can start your cherry picking as march brings more bargains.





cheers... send a comment if you have something to add or a question...





Heiwa

reply:

"Cosco Corp. Singapore Ltd. (COS SP) andYangzijiang Shipbuilding Holdings Ltd. (YZJ SP), the two Chineseshipyards listed in Singapore, dropped on concern higher steelprices will cut their profit, said Rohan Suppiah, a Singapore-based analyst at Kim Eng Securities. Cia. Vale do Rio Doce, theworld's largest exporter of iron ore, will charge as much as 71percent more starting April 1, the company said. Iron ore is themain ingredient in steel, which is used to make the hulls of vessels."

reply:

"hi, i can show u how YZJ looks like. trend is bearish, no sign of recovery yet. i cannot give any buy or cut advice, else if they suddenly rebound i kana curse, haha. but for traders, just cut and buy when signs of rebound is clear, even if it means buying higher then ur selling price. for investors, follow your fundamental valuation, is this price at an attractive discount to ur fair value? if it is cheap, then no reason to panic.



conclusion? current direction is down, there might be a rebound, but i cant tell when, what i can say is nx support estimated @98. with this information, you have to make a decision."