Just for laughs

Just came back from a meeting, and happened to read about this ding hai effect over the forums. If you are from any of the Asian countries, you would probably have seen the show by Adam cheng in "The greed of man". This show is basically about the Hong Kong share market, where he is a shortist that become rich overnight by shorting the market. More information can be read from the wiki:

http://en.wikipedia.org/wiki/Ding_Hai_Effect

Coincidentally, in Singapore, they are showing his show during the 10pm slot, which is "The Conqueror's Story (楚漢驕雄)". It is interesting to see how much coincidence there is between him and the stock market, as almost everytime his show is aired, the financial market always suffer. As asians are more superstitious, that is why this self fulfilling prophecy could occur. Remember this phase, a lie told often becomes the truth. When everyone believes his shows always cause this, it becomes factual instead!

Lastly, looking at the markets now, Nikkei has closed with a -373 points (-2.46%) at 14,837, and HSI with a -1,114.40 (-4.01%) at 26,656.81. It seems that the market isn't welcoming the results of the fed meeting yesterday and those who assumed that the market had recovered yesterday and bought in are suffering the backlash now. YZJ is one good example of this backlash. Next, I must always emphasize, inducements in the forums is very heavy recently and please contact your financial advisor or broker for professional advice instead of listening to those posters who tell you to buy, sell or hold XXX or YYY without any background knowledge!

Celestial is now trading at $1.160, which broked the $1.20 resistance and out of the channel too. If you refer to the chart I posted earlier with the fibonacci retracement, $1.17 was the 23.6% resistance. If it still closes below this, it could possibly move to $1.10 in my opinion. More information when I get back tonight.