Straits Asia - expect weakness ahead

This could be messy to some of you, but I am trying to check if the trendlines are creditable.
I started by drawing the downtrend lines
Surprisingly, most of the highs and lows hit these lines.
Interstingly, when I zoom out and extend the lines, they are the long term downtrend lines too.
Usually, I do the reverse first.
Conclusion - these trendlines are creditable.

The midterm trendlines showed the Straits asia is bouncing within this range.
On 25th Feb 2009, we saw exceptional high volume, with 12m done at $0.825.
On 26th Feb 2009, it went higher and turned down on 27th Feb 2009 - which is a shortterm breakdown.
If there's no more good news to push it up, we are likely to see force selling on 4th March 2009.

Likely target is $0.77, where most of the trendlines meet.
If the force selling is fierce, my next targets are $0.755 and $0.735.
Monday resistance at $0.825.
Supports at $0.795, $0.755 and $0.735

Venture - watch for the turn

Long term picture.


Venture has been up for 6 consecutive days, despite Dow's big and small falls recently
This is very bullish, could be due to better-than-expected result and short covering.
However, yesterday was the first down bar, but still within the uptrend channel.
I think it could have hit the resistant and posied to turn down.
I will watch for the break.
If next Mon is an outside down bar, that could be the first signal.
If it breaks $4.82, it could accelerate to $4.42
Stronger support at $4.25 and $4.03.

SembMarine

Long term picture.

Good result + Doji Star.
Result-play.
Watch it tomorrow.
Big volume at $1.48 and $1.55.
Trend line resistant at $1.42, $1.53 and $1.59 (long term downtrend resistant).

Dow Jones - big flush expected

Too early to long.
Wait for the turn.
Likely to have a big flush towards 6500 before a strong rebound.
Best is wait for the turn - lowest risk.

Hang Seng - still bearish

China XLX - up or down?

Fourth time testing the uptrend support.
If this breaks, that's the end of 4 months uptrend.

Epure - first breakdown

I think we should see $0.25 and $0.235 if $0.28 support is broken.

Dow Jones - very near supports

Likely to see a short term bottom soon.

Gold - next target

After breaking US$1000 and hit US$1006 high yesterday, I think we are likely to see Gold to hit US$1030.80 soon.

Hang Seng - short term outlook

Big picture. - long term downtrend.


Short term outlook.
20th Feb 09:-
Support - 12752
First resistant - 13174
Second resistant - 13400
Let's see if this is the correct trend.

ST Engineering - hitting resistant soon

$2.40 should be a strong resistant for ST Engineering tomorrow.
Downtrend resistant meets natural resistant.

Hang Seng 5 minute breakdown