YangZiJiang 28 August 2007

As said earlier, these are the charts that I used to get the $1.93 target price that was hit today:

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This is the daily chart, which I based on the fibonacci retracement to determine its movement.

This is today's intraday chart:

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As I was taking a look at the chart around 2 plus, the candle formed and was testing the $1.88 mark but still close at $1.84. The next 20 minutes didn't form any candles, thus it cannot determine it direction still. At that point, look at the volume, it was almost at the same high as the previous day! As it moves, the 3rd volume surge came again and then you can see for yourself what happened. :)
At the $1.92 mark, it showed that it was almost the peak already, and if you want to take a short, it seems a good chance. In any way, as far as I can predict, those pushing up the prices a $1.87 to $1.93 should probably be small time investors.. who unfortunately got conned by those BBs to jack up the price. As it hit the $1.93 mark, it was at the 0.618 retracement mark and that was the resistance point, thus falling back to the 50% mark as shown in the daily chart.

As for celestial, there was no volume practically to speak of, so no candles at all was formed basically for half the day. As of now at 12.19am, US market looks like hell and the fed's report at 2am will determine its fate. If it's fate is red, then good luck to STI tomorrow!

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