1) MACD crossover.
2) Strong enough to break out of wedge.
Resistance 0.955, 1.03 and 1.220.
Monday, 5 January 2009
Straits Asia Resources
1) MACD crossover.
2) Strong enough to break out of wedge.
Resistance 0.955, 1.03 and 1.220.
SMM
1) One more LT line to clear.
2) MACD trending towards 0.
3) Stochastic has more upside.
Resistance 2.06, 2.18 and 2.30.
China’s Young Get Thrifty
China’s office workers are tightening their belts, cutting back spending on everything from clothes to fast food, despite government efforts to boost consumption to stave off the worst effects of a global recession.
Detox Diet - Fact or Fad?
Detox diets that claim to be able to cleanse one’s body of toxins are growing in popularity but some say that it is just pop science.
Goodbye 2008 - Andy Xie
Many governments are trying to boost asset markets directly. The US suspended short-selling for a period. Pakistan and Russia closed stock markets from time to time. China cut stamp duties. These measures have had little effect for a good reason. Most of the reductions in asset prices are due to bubble bursting, i.e., the prices were too high before, not too low now. For example, the average price-book ratio for the US stock market for the past eight decades is 2. The current level is 1.7, not a big discount from the historical norm.
Sunday, 4 January 2009
A Remedy Better Than Painkillers
China’s next response to the global economic crisis should embrace opportunities with a new development model.
Shanghai Official Commits Suicide
An official perhaps affiliated with Chen Liangyu’s graft scandal jumped from her balcony.
China Eases Controls for Property Market
Relaxed rules for credit and mortgages could brighten a gloomy real estate market. But banks are treading carefully.
Did Chen Snack His Way Through a Hunger Strike?
A security camera in his cell recorded him nibbling on snacks at night, a Taiwanese magazine reports.
Cheating is in Chen Shui-bian's blood/gene.
Big Hopes for Emerging Market Stocks
Emerging-market stocks fell the most ever last year but investors are looking for Brazil, Russia, India and the mainland to lead a reversal in 2009.
Chinese Aim for the Ivy League
The book spawned a genre, selling more than two million copies in China on the premise that any child, with the proper upbringing, could be Ivy League material.
Continued Growth Could Make Mainland Shares a Good Bet
Despite mainland share prices suffering a dramatic fall last year, it is still too early to write off their long-term investment potential.
Elite Lawyers Spent Only 12 Days in Court Last Year
Each Senior Counsel spent, on average, just one day in the Court of Appeal last year and another 11 days arguing a trial in court.
12,000 Protest Israeli Attacks
About 12,000 people marched through London on Saturday in protest against Israel’s military offensive on Gaza, police said, in a demonstration that began peacefully but ended in a string of arrests.
Dollar the X-Factor in Commodity Markets
“The US is going to print the dollar to get out of the recession, and anything tangible, like industrial metals, is going to be worth more.”
China’s Car Makers Urged to Learn from U.S. Crisis by “Thinking Small”
There’s a lesson for China’s car makers in the fate of the ailing U.S. auto industry: develop smaller, fuel-efficient models instead of betting on gas-guzzlers, industry analysts have warned.
US Stocks Face Headwinds Despite New Year Rally
Experts cautioned that the advances of the key indices came amid very low trading volume as many investors were still on holiday.
Ezra
Ezra's chart is very similar to SMM's. Many oil related stocks are showing the same pattern. Can refer to comments in SMM post. Only difference is Ezra hasn't broken out of the wedge yet.
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