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Web thoughts-denzuko1.blogspot.com

My Charting Blog

It is interesting that I start off this Blog when the Singapore Stock Market is heading south. However, this makes it more interesting for me to write on as the market turned volatile. My interest is Technical Analysis, TA for short. I love to look at charts and predicting where they are heading. This blog is or me to record my thoughts on the market. The articles on this blog are based solely on my personal opinion on the charts that I read and readers should not take it as absolute.

6/30/2010

Thrusting

I did not pay much attention to the market today mainly because I am quite busy at work. Further more, with Dow down for 250 points, chances of opening gapped down is very high. Normally under such circumstances, charts will gapped down before recovers back.


Fig 1 STI Daily Chart

It is to my surprise that STI not only recovers but it managed to closed green. The amount of movement is almost the same as yesterday. In fact, it broke the resistance of the 89 days moving average at 2,834, closing at 2,835. So is this good news or bad?

The problem is here. The candlestick pattern is likely a thrusting formation, which means that this is a bearish continuation. It does however requires tomorrow to confirm the trend.

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6/29/2010

Genting is coming down

In my last entry on Genting, I predicted that Genting would go to 1.16. Well, it did and it went higher still. Today, it went as high as 1.20. It is good in a sense because I am seeing a completion of C wave


Fig 1 Genting Daily Chart

The wave pattern of Genting is a little complex. In fact the whole wave have to start on 19th Jan 2010, of which Genting is at its peak of 1.30. There was definitely a 3 waves down completing A before a congestion and reversing in trend. The second set of wave B seems to me a complicated pattern of abcxabc with today as its peak.

It went the highest today, at the same time, Genting gives opportunity for the indicators to show some divergence, having said that, divergence has not completed, but I guess it is not far away.

In addition to what is said. The whole set up is probably a top formation with a double top. the second top is work in progress and additional indication of divergence.

For the time being, there are only signs of reversal and no solid proof of its objective.So we will have to pend for confirmation of the seriousness of this fall.

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My unnecessary fear

I accomplished quite a bit today. First rejected by new boss' suggestion for a meeting and lunch. Then I managed to clear a request for my team's involvement in a project with estimated quote and proposal. I have personal talks with all my engineers regarding their routines and see if any problem arises. I also completed a transaction by completing a delivery arrangement.

Surprisingly, you can arrange with a courier like DHL to go to a certain location abd pick up something, then deliver to the dewstination of your preference. I did just that through the internet. In this case, you don't even need to give the shipper ( a new word that I have learnt ) the account number in case they abuse the trust.


Fig 1 STI Daily Chart

The up trend I 1/2 expecting never come, it seems like my worry that it goes against my prediction is unnecessary. It did come close to breaking the resistance, though. The stochastic and RSI are now affirmative in pushing the STI down.

However, there is still a mild indeterminant right now, the bottom of today landed at the apex of Gann Grid. So there are chances that it might bounce up tomorrow clinching onto the positve gradient. So how likely is it? I think with the fall of Dow Jones tonight, STI is going to see lower opens and close tomorrow.

Well, the chart is also supported by its 21 days moving average at 2,826.

Speaking of which, when I look at Dow's chart, if I did not peak into today's performance, I might actually consider today's likelihood an up trend. This is because both its RSI and Stochastic is at the bottom, moving side way.

For the time being, Dow is supported at 9,895. However, as a golden cross is already completed. This support will be broken, may be not today but tomorrow.

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6/28/2010

I am deeply disturbed

I have not been bloging much the last few days, partially because I went back to KL to be with my parents during the weekend and sadly, no WIFI for me!

The other part of it was that I am deeply disturbed. I am not sure if I have entry on the recent development in my organization, my boss decided to leave his position and he proposed my colleague to fill his place. Already at that point of time I knew it would only be a 50-50 chance of me getting that post. I was in fact a little hessitated to go for it anyway, I prefer major part of my duties to be back end.

On the surface, while there are some defficiency in him, I noted my colleague should have the calibre to handle the job, I told myself to accept his leadership. I did not profile him as it is not really my preference to do so on my ally.

Boy! Was I wrong.

The first thing he did was to offend everybody. He offended the Field Application Team by not only failed to acknowledging their contribution, he claimed they have not done enough. He offended the Design and Project Team by claiming their time to delvier was too long and he used the Field Application Team's revenue to leverage against the performance of the DPEs. He went a step further to make sure the DPEs report to him every Monday. On the sureface he claimed he wanted more understanding of the team, in fact, I can see that he has nothing except distrust to the team. No wonder everytime when vendors want WPG to help in design, the only thing he wanted to do was to out source.

He also offended me by making me swallow a 500K revenue knowing that I lead a design team with strong dependence on the Field Application Team for opportunity. The reason for this is that he knows a competitor would reject any design opportunity with less than 50K revenue and he wanted me to get 10 such projects. I only have one question for him: He led the Field Application Team for 4 years, has he ever once get his team to find one such single opportunity with 50K revenue?

The Sole purpose of the DPE establishment was exactly to suppliment the FAE to improve their performance. Yet, never once in his 4 years that he encourage his men to engage the DPE, ending up my team has to fend for their existence. The opportunities from the FAEs last year were less than 10 and 80% of them failed to realize. Even realise, it is less than 20K of revenue.

I am really surprise that he make decisions base on hearsay, not knowing how the competitor actually did with this criteria, or if he is comparing apple to apple. As far as I know no vendors really go and look for that competitor, they have been looking for my team to help on design matters! The funny thing is that I am not to use a single member of my team to help looking for opportunity, it will all have to come from the Field Application Team and I am to push the new FAE Manager to get result, gosh! I don't even know that I have been promoted to a rank higher than the FAE Manager, the last I know, the FAE Manager still reports to him, not me. What authority do I have?

Not only that, I have no idea where he harness such belief that Manager are not there to be liked and using this belief, he aimed to turn himself into a bastard. He claimed to place importance in revenue, yet he is telling everyone to turn away opportunities of less than 50K? Does he know the market at all after 4 years of being the FAE manager? One would really be laughing if he can find a local opportunity so BIG! I was also told to reject any opportunity less than 50K, that literally means every single project on my hand now, including those introduced by the vendors.

This reminds me of a director we used to have, his name was Damien. Damien was doing exact what this colleague of mine is doing right now, going around offending people. He left in a year's time because no one is willing to work with him, including those reporting to him.

At the end, I insisted on a conditional accpetance of this MBO (Management By Objective) because I would have to be God to make this work without a single commitement from his side to make changes. I am seriously doubtful by now if he is fit to run the department, especially when I know he already gave up on his own team since the end of last year.


Fig 1 STI Daily Chart

While I did not have access, I did downloaded by database right before I left for Malaysia and I manage to take a look at the market during the weekend. I have found that while STI was coming down the last few days of last week, someone were trying to push up the market, making it going higher at the end of the day.

The market today managed to go up for about 20 points, resulting in RSI reversing up a little. So is it going up or down? I am a little uncertain here. The only thing I know is that the previous high at 2,890 is crucial, breaking this points means it is heading for higher high. It is also approaching the positive gradient of the Gann Gird lines, so it is likely that the trend is again reverved upward for one last time.

The resaon for me to state this is that while the indicators are at the peak, there has been no divergence, this is uncommon in a daily chart.

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6/22/2010

Harami on STI

I got my appraisal today by my new boss, past colleague. Not a pleasant one. Seriously, he is asking me to swallow the impossible. I don't know if he even consider me a threat. The thing is that he does not even understand me even after so many years of working together.*sigh*


Fig 1 STI Daily Chart

Back to more pleasant thing, STI is showing Harami! Not confirm yet, still need a down day tomorrow. There are few signs to support a down trend, RSI and Stochastic is reversing, negative Gann Grid Gradient, not to mention the crossing of the moving averages.

In addition, the chart should have completed a C wave with the rise yesterday ( it is a 5 wave pattern ).So the next step would be DOWN!!!!!

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6/19/2010

STI Monthly Chart

While Dow Jones Monthly Chart only has divergence seen on Stochastic. the divergence indicators on STI monthly chart is even clearer.


Fig 1 STI Monthly Chart

Both the RSI and Stochastic not only created a divergence, they are already on their way down. It is presently pausing at a resistance point of 2,751. This resistance has been quite strong in the past stopping a few penetration from either side.

I guess once it penetrate the neckline, the next level of support would be at 2,521.

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A look at DJIA weekly and monthly chart

In my last entry of DJIA, I stated that it was in process of pattern formation, either a rectangle or a tripple bottom. I was wrong on both accounts, it was a double bottom, but measurement of its objective is the same as the tripple bottom.

The reason why I was wrong is because I assume at the point of analysis that there is one more leg down, which is base on assumed behaviour of a rectangle (abcde wave pattern). The up-trend thus came earlier than I thought.



Fig 1 DJIA Weekly Chart

Today, I forgo the daily chart to look at a higher time frame, the weekly chart. What hits me is the completion of a 5-wave up and a single wave down. The behaviour of the single wave down seems to contain a mini-three waves pattern. Thus I would suspect that this is only the beginning of the counter wave. We are probably in process of the B wave formation.


If base on mesurement from the daily chart analysed earlier with a double bottom of objective 10,878, it coincide with the resistance that I have placed in the area. This is very close to a full retracement of the chart. If the A wave is a 3-wave formation, it is very likely that we might be seeing a abcde 5 wave patterns. here instead, should B wave having a full retracement.


On the hind side, I forsee an alternate probability that the double bottom failed to reach its objective. Currently Dow Jones is clinching onto the outest arc of the Fibonacci Arc. It should be only time that it will break away to continue its fall. There are 2 reasons for this: There is no divergence on the weekly indicators; Counter wave too short considering the up-trend stretched from Mar 2009 till April 2010. A total of 13 months, the down trend should takes around half the time, around 6.5 months.




Fig 2 DJIA Monthly Chart

While result on weekly is relatively indeterminant, it would be beneficial to seek audience from higher order. No I don't mean God, I mean monthly chart. On monthly basis, the direction is clearer, both RSI and Stochastic are on down trend. Not only that divergence is visible on Stochastic.It is thus quite clear which path has the higher order decided for Dow. It is coming down.

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6/15/2010

DJIA


Fig 1 DJIA Daily Chart

My last up-date on Dow Jones mentioned Dow was going up, it did the next 1 1/2 day or so at least. Unfortunately it started falling yesterday. Dow has created sort of an inverted hammer. While Stochastic is up, RSI is turning down. Further more,

Zooming out, Dow also seems to be forming a rectangle with upper envelop @ 10,316 while lower envelop @ 9,753. If successful it will have an objective of 9,208. On the other hand, it become a double or tripple bottom, the objective would be 10,878. But then with toppish indicators, it is likely to head south.

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STI at previous high

I went to see the same customer who stood me and my colleague up the other day. He was apologetic and friendly this time. This guy has changed after a few months from relatively self centred to one who is more willing to listen before making comments. Seems like few months in the market change a person. He is more careful and understanding his situation. Anyway, I have committed my support to him as his team.

It is amicable for someone who is willing to venture out, take risk and explore the unknown. It is one of the difficult thing one person can do for survival. Especially when R & D is a dying market in Singapore. It is only right what we help each other for survival.


Fig 1 STI Daily Chart

My last up-date on STI predicted it will go down the next day, that was Friday. It did not happened. Yet, I continude to see STI weakening each day. It is having difficulty going up.

The main reason I guess is because it is resisted by the 89 days moving average located at 2,829. While Stochastic and RSI are trending up, they are quite limited in their progress, it is only a matter of time that STI would turn downward. Anyway, just as a precaution, I am placing the Fibonacci projection, the next level will be 23.6% at 2,864.

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6/14/2010

Wing Tai heading for neck line


Fig 1 Wing Tai Daily Chart

My last up-date on Wing Tai as I recalled mentioned the head and shoulder formation and that it has broken through the neckline. As always, the chart needs to return to the neckline before moving south to meet its objective. Wing Tai is no different as far as I am concern.

My estimation is that Wing Tai might hit 1.70 which also coincide with the negative gradient of the Gann Grid line. This would probably be the location where the counter reverse again.

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Genting Up-date 14th June 2010

There are quite a few commotion recently on religious organization, after the case on Ming Yi came Rony Tan, then City Harvest Church, and in recent days another pastor Mark Ng for talking about Chinese superstition. There seems to be more and more religious arguement nowadays. anyway, my days in religious battle is gone and I should leave them behind.


Fig 1 Genting Daily Chart

My last entry mentioned of Genting possibly heading for 1.14 but only after a pull back. Well, the pull back happened while 1.14 not, at least not yet. It is at present trapped in a possible rectangle formation.

Why I am thinking about rectangle and not a tripple top? The whole move since 28th April seems to be the beginning of the C wave. from 28th April to 13th May was a 3-wave pattern of a, followed by b till 25th May 2010. The a of c ended on 31st May and we should be seeing b of c right now. So logically we should be seeing a c of c with rectangle break out.

But I would be expecting Genting to head south first because it has only completed abcd of the rectangle wave, there is still an e wave to go. This also supported by the fact that the indicators might be doing a divergence on the chart eventhough they are heading up. They both look sluggish to me.

The objective for the rectangle will be around 1.16. This is higher than the earlier prediction of 1.12 base on the double bottom formation.

On the down side in case my picture is wrong, a tripple top formation will yield an objective of 0.90.

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6/11/2010

Divergence on British Pound

I worked on a tedious case today. It is not difficult but tedious because of the complexity of the customer's requirement.

Imagine a customer who wants free service to design for rediculous requirement, each conflicting with one another. He needs a system requiring 23W power yet can fit into a space of 20 x 10 x 200 mm. The 2 crucial components alone would take up a space of 25 X 25 X 13 and 25(dia)X30mm! He wants guaranttee of component lifespan of 50,000 hours when vendors can only guaranttee 2,000 hours of operation.

In the end, I have to give him the specs that we can achieve and he has to choose if he will take it or not. This is simply because no one want to take responsibility of rejecting a customer. My vendor won't want to do it, my Field Application does not want to do it, so I have to...Okay, that is a little technical, may be its better to go back to the charts.


Fig 1 British Pound Monthly Chart

As I went through the British Pound vs SGD, I can't help but to notice that there is a divergence between the chart and RSI on Monthly basis. It seems like BP is turning up. In fact BP seems to have completed a C wave with a 5 waves down. I believe it is at the bottom of the bottom formation. We should see either a reverse head and shoulder or double bottom.

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6/10/2010

Dow Jones is moving up

...and you will say, "idiot, of course it is moving up, everyone can see that it went up by 233 points already!"


Fig 1 DJIA Daily Chart

However, I am not referring to today. What I see is that RSI is reversing up with divergence as compared t 25th May 2010. It is now hovering at the 23.6% fibonacci retracement line of 10,138. My guess is that it will be resisted by the 21 days moving average at 10,229 and previous high of 10,316. But at least for the next few days, it will be up.

Similar to STI, the 21 days moving average has crossed the 89 days moving average on 24th May 2010. Dow Jones has also reversed.

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My prediction for STI tomorrow

I was at SGH today. No, I am not doing medical check up or having problem with my health....not in a way that I need to head for the hospital. I was there with my FAE to meet a client. Unfortunately, he did not turn up and we waited for an hour.

The client is a youngster who has just graduated from University and he is working for his father who distributes medical equipment. I am not sure if he is a stereotype of the young generation nowadays. I remember when I first met him in a meeting, he seems to assume others to have the same intelligence if not lower. What he found difficult he assume the same to others, too, regardless their experience in the field. I think he has a lot to learn.

Anyway, he let us waited for an hour without up-dating us if he was coming, when we message him, he kept feeding back that he was on his way, but eventually when another person picked up the phone, we noted that he was still working on a machine. seriously he really need to learn about time management as well. Keeping others waiting without being able to meet the time commitment is really inconsiderate!

This reminds me of another engineer of mine, fresh graduate, relatively good result but he is the centre of the world. He assume no one else has the level of knowledge he has, and I sure gave him a shock on how big the world is.


Fig 1 STI Daily Chart

While I was out, I did not know that STI actually went up by about 30 points today! However, I want to make a brave prediction for tomorrow. I predict it will be down tomorrow, why?

Stochastic and RSI are reversing up on daily basis, so by right it should be moving up.

The thing that make me think it is coming down is because STI is stopped by the descending 21 days moving average. In addition, STI is moving into the negative gradient of the Gann Grid lines. Further to that, it is reaching a 61.8% Fibonacci retracement line. Maximum leeway for STI is about 2,787.

So why the "brave" prediction? This is because DJIA is arrowing up by 243 points as I type and the chance for STI to go up seems high. If STI is to shoot up tomorrow, what would it be then?

My guess is a gap up to break the moving average and Gann Grid resistance. But my firm believe at this moment is that it won't go far and would fail to break the previous high at 2,821. The crossing of 21 days moving average on 89 days moving average on 21st May 2010 more or less confirm that STI has reversed.

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Yen strengthen against USD

As I continued to look through the Forex, I noticed Japanese Yen against USD.

While Japanese Nikkei225 is not showing sign of life yet, the Yen is giving a much different perspective.


Fig 1 USD/JPY Weekly Chart

From the chart, it is clear to see a descending triangle, the number of waves met the criteria and thus it is ripe. The break out downward is a result of such. The measurement base on the triangle is going to be USD1=JPY58.44 or something like that. Currently, USD1 still holds at JPY91.37.

May be it is better to invest in JPY right now.

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6/09/2010

I think EURO in BIG trouble

I was a little slag after Monday, mainly because I have bought DVD on a crime series Criminal Minds. Well, one thing that I haven't revealed here is that I am also a fan on crime stuffs, especially on serial killers. I was hooked on the DVD the whole night last night until the point that I did not even switch on my notebook (naughty, naughty).

Talking about serial killers, they are an interesting bunch of people. Most of them are male and they experience traumatic childhood (with the exceptional few. Contrary to standard beliefs, no, they are are influenced by sexually explicit materials, in fact, the hook on these materials are the effect and not cause of their destructive behaviours. Most of those who were abused by the female side of the care givers would normally come to hate women, while those abused by males would vet their frustration on the males.


Fig 1 EUD USD Weekly Chart

I have been all the while focusing the EUD based on SGD. Already I have witness a great fall against SGD. Since I have not much to look at today, I opened the USD layout and took a peek at EUD. It is quite shocking indeed!

What I saw was a double top formation with the chart already penetrated the neckline. While both indicators are at bottom they continued to move south, indicating more bear movement on this currency. Definitely something is wrong with Euro at the moment.

Using Fibonacci projection, I gather that EUD must at least reach 11,540 before retracing, which coincide with the 23.6% projection. the Double Top formation on the other hand is not that friendly, it is heading for 8,958, meaning EUD1 = USD0.8958. This is probably due to USD strengthening while Euro weakening at the same time.

So it is definitely not a time to buy Euro yet.

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6/07/2010

The disturbances are finally over

I don't know, from the title, I may looked like commenting on the market. Actually, its more about the recent disturbance to my lifestyle. Right after my one week ordeal in Vietnam ( as I said before, there is no fun in business travel ), my parents came. There is nothing degrading about my parents' visit, it is opportunity for me to show my fillial piety to my parents, this is made more difficult since I am not living close to them. But then it also means no time for chart reading at all.

My parents just left throught he 4:30PM coach today and life is more or less back to normal. So here I am reading my charts again, well, I did briefly go through the charts last night but I was overly tired from going out with my parents.


Fig 1 STI Weekly Chart

I took a look at STI last night, while last week which I have missed took STI to higher ground, I was not really that thrilled. The upward bounce was expected. Although the indicators were at the bottom for weekly chart, there was not divergence, so it was too early to tell that it was reversing. What I saw was true and today is the revelation. Unfortunately, I did not record this today so I have to dicard this post mentum prediction.

STI is presently trapped between the 21 days moving average of 2,817 and the 89 days moving average of 2,651. It went down by an approximate amount of 80 points before bouncing back to 2,751, the level which I have earlier placed a support resistance line.


Fg 2 STI Daily Chart

On daily chart, it can be seen that STI went below the previous high 2,769. This confirmed that the whole of last week was a counter wave (3 wave pattern). Another thing that have struck my attention is that the move on Friday went to a height of 2,821. This penetrated the low of 2,775 which was the previous low suspected of being the 1st of the 3rd wave. We are not going to see a 5 wave pattern down because this whole move since 15th April should be counted as a series of 3-wave patterns.

I think we might be seeing congestion at this point before it goes further down. The resistance is 2,821 while support at 2,651.

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6/02/2010

The many variety of Pho

Pho is a common sight in Vietnam, it is the staple food of the population and I some time wonder if it is more important that rice, even though Pho derrived from rice.

I have tasted many types of Pho in my travel. My first experience of this food was in Canada. Many Vietnamese escaped from Vietnam during the wars and some resided in Canada since then, My brother brought me for my first taste of Pho and I was quite hooked on it since then. I frequent Vietnamese restaurants whenever I went to a country known to have a sizable Vietnamese population. Australia for example was one of these countries. I brought my family for a taste of Vietnamese food on our last excursion to Perth. The reason is: it is authentic Vietnamese food.

Pho in Singapore sucks, it is expensive and yet small in portion, its taste is stereotype and if you have been to one you have been to all. Further to that, most of the Vietnamese restaurants in Singapore are run by Singaporean, not Vietnamese. The Pho are local produces and feel more like local Kuey Tiaws. If you have tasted the real pho, you will not settle for such quality served in Singapore.

While in Vietnam I have never failed to go for a bowl of Pho. Mind you, there is no two stalls of pho having the same taste. Each serves pho with different taste of soup stalks, vegetables, proportion of pork, beef and chicken. The Pho in the morning is more dilute, it is different from that in the evening which is much thicker in taste.

The only common thing is the Pho itself. It is almost paper thin and very thin in width as well. It gives a very smooth texture and it is as if the pho will melt in your mouth.

Most common meat used in Pho is beef, although some uses beef balls while others with Chicken. Just this morning, I have one with a mix of beef and pork which comes with a higher concentration of ginger, giving it a more spicy sensation. The Pho I ate 2 nights before was purely prepared with chicken and a more oily based chicken stalk.

Vegetable wise, spring onion is the most common ingredients. They are not cooked witht the Pho but placed in upnon serving, this makes the spring onions relatively uncooked with a crunchy feelings and a pungent taste. It is in fact quite a good match when blend with the taste of Pho. While many restaurants in Singapore includes Basil and bean sprout, it is not a common sight here in Hanoi, although this is practised in Ho Chih Minh. So I guess this is at least one of the difference between the North and South.

Pho is a must, when you visit Vietnam. Skip the ones served in the hotels and go get one from the streets, they are authentic and richer in taste. I at least never regreted taking the risk, afterall, isn't that one reason why we travel?

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One thing hard to find in Hanoi old town

Hanoi old town is old. The streets are narrow with the constant roaming of motor cycles and taxis. This does not make it hard to cross the streets of Hanoi, all you need to learn is the art of crossing.

You need to take small steps while looking at on coming traffic. Because most of the vehicles are motor bikes, it is easy for them to manuveur away from you. while it is congested, the traffic is slow. It is quite interesting that drivers in Vietnam do not speed, unlike those in Singapore and Malaysia. Just be consistant with your speed of movement and you will be find.

I have been going around the old town area for 2 days now, plus my last visit, I could probably count a total of 4 days experience in Hanoi. The place is quite polluted, shops are dusty and you can rarely find squeeky clean floors unless you are in a hotels. There are few rubbish bins around and the street sides are covered with rubbish. The cleaners are only scheduled to start cleaning the street late at night. By then you can witness piles and piles of rubbish accumulated at every junction. Rubbish bins used by the cleaners will then be full.

Yet I notice one interesting thing about Hanoi. Even with such unclean environment, one thing is missing, flies. This is true, I visited many food stalls and restaurants, some by myself while some with my colleagues, we could even witness rats residing in a restaurant.

But when it comes to flies, I find it hard to see one. This insect is clearly missing at the restaurants. Even at the street side food outlets serving seafood, flies are missing. You don't see a single fly disturbing the food at all. So it is either the Vietnamese having a way to deter the flies or the food here are so poisonous that it kills off all the flies.

I would have expected that a relatively backward country like vietnam, flies would be a common sight. I have been to many countries with similar statuslike Vietnam, flies were common sight. Thailand, China, India, Indonesia and even a many parts of Malaysia (try small towns such as Yong Peng and Pagoh) are quite infested with flies. They are in such vast numbers that hawkers most of the time give up shooing them away. Vietnam seems to be an exception.

I really looked very hard for 2 days and it is only in the morning on the third day that I finally found one, at a street side hawker selling fresh chicken. There were 3 to 4 chickens carcasses in her basket and there was only a single fly, that lucky bastard.

So are the food here safe for consumption? So far they are safe enough as far as I am concern. I have shell food and French loft from street side hawkers on my last visit. This round, I took Pho from another hawker right across the street from my hotel. I have also taken French loft sandwich from a food stall near by, coffee from an outlet frequented by locals, Pho (again) from another outlet.

Yet I can't guaranttee if all the food are properly prepared. May be I am simply lucky not to have met one stall that cramps my intestines. While flies are not an issue here, there is no guaranttee of the human factor, who knows if the locals would wash their hands after visiting the toilets?

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6/01/2010

Serenade Hotel, Hanoi

This is my second day in Hanoi and I am staying in a Serenade Hotel at the old quarter. Somehow, my notebook does not react to any of the network connection here and I can't access to market data.*sigh* The last I heard from the forum is that today is a market sell down.

Anyway, I have quite an interesting experience at the hotel, I have just experience a 5 minutes power trip. The problem with hotels in Vietnam is that most of the rooms do not have windows, and if there, they are kind of small. So when the blackout happened, I was in total darkness.

I was in fact in a bit of a panic because my room was located at the far end from the staircase. I was worrying how I could walk my way to the staircase and out of the hotel at all?

It was then that I remember the door gift that I have taken at the seminar. It is a mechanical winding generator with lighting function. So using my hands to sense the environment, I moved slowly all the way to my notebook case, took the package out and start winding furiously.

The problem with the unit is that it is also a siren and the thing started giving our siren! I have to slowly feel in darkness the location of the switch and tested the direction for the lighting function. I finally got my light, I never thought I would be thankful to the door gift, just houe earlier, I was not even considering taking one unit!

Anyway, flashing back to the seminar earlier, I was one of the speaker. I have 2 concerns for my presentation: I was involved only in 40% of the material; and Vietnamese are not very good in English.

I really struggled through the presentation, did quite a bit of research on the material, rehersed a few times to make sure there is as least error as possible.

Still it was a little difficult for me to prevent errors from happening. However, I do not think the audience notice, in fact, I doubt that they understand a single thing that I said! Some of them I noticed started to have their eyes closed. I can't blame them, they were there since 9:00AM and my presentation was done at 3:45pm. I have been through full day seminars before and I can empathise with their feelings. Well, at5 least they enjoyed their lunch, and international buffet, the sashimi was great!

So one down, one to go. I am heading for Ho Chih Minh City tomorrow. Next seminar on Thursday and flying back by Friday. Can't wait to see what the charts are going to show. My extimate is that this mini rally might only last a short while since it is the 4th wave of the whole move.

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