The MOE scholar caught with child porn

Okay, the bottom line is still writing about stock market, but today I want to add y thought on the recent child porn story.

An MOE scholar who is in his final year studying history in University of York was caught with 50 child porn on his computer. My first thought as a parents is that its quite disgusting. Imagine that he is going to work in Ministry of Education (MOE) and would probably be a teacher teaching and engaging with children all the time. It will give him ample opportunity to act out his fantasies. What makes it worst is that he was already known as a Peeping Tom in Secondary school and were reported to have been caned publicly!

The netizens have been roaring for the last few days with heated debate on the case, most were critical of the MOE on its selection criteria, how does one candidate with such flaw be sip through the scanning process? Many wants the MOE to answer for doing such a sloppy job.

The official media was also hot on the case. However, they only focussed on the scholar himself, criticising that he has let the MOE down. His personal details such as his primary school of Nanyang Primary, secondary school Chinese High and Junior College Hwa Zhong. Little comment was given on MOE part except for an article from public asking MOE what happened.

To me, the official media is over zealots in reporting the juicy story of the person. As far as I know, it has been going on and on over the same information for more than 3 days! What it is doing aims to divert attention away from the MOE. Because if people question the MOE or even the minister, in this case Ng Eng Hen, he will have a hard time answering.

While it does publish a single letter from public today, I would 100% expect an official response from someone of MOE with text book answer, the official media will stop any further write ins from public to create an illusion that the case has been answered and should move on.

This case brings me to another question, and this is about the purpose of the scholarship. I think I have reflected before that scholarship is to help those with capacity in learning and yet lacks the finance. Yet looking at this scholar's back ground, I really wonder, does he need the scholarship to further his study in UK? I am seriously in doubt that he is of a poor family, in fact with his education record, he could well be someone from a well to do family. He would still be studying in University of York even without the scholarship. He has no need for scholarship!

If this is the case, why the scholarship at all? Offcial answer would be to retain talents to work for the Government. But such answer only tells people that working for Government sucks and you need to throw out candies to lure unsuspected prey in!

My sources tells a different stories, these scholars will eventually work in the government agencies with constant job rotations, they will eventually assigned to high posts to oversee operations, become top civil servants, MPs or even ministers. They would not even need to work to get promoted. So if this is the case, so long meritrocracy!

Such scholarships tanted the true purpose which is to help poorer students a better chance to learn. It has become a novelty for those link to the government, a prestidge for fame among peers. How many of the scholars have family links with people of the government? I sense a lack of transparency on the government part on statistics for such distribution. Scholarships are meant for the poor, and it is a shameful thing for a rich person to even think of applying.


Fig 1 STI Weekly Chart

Now back to charting. A week has past and STI has one direction, down! Base on the weekly chart, both its indicators are down with divergence, confirming its support for a down trend. I believe we would be seeing a downward movement on the next few weeks. The support I see on weekly basis through its previous high is 3,037 while its 21 weeks moving average supported at 3,077. There are some way to go from here.


Fig 2 STI Daily Chart

Things seem different when come to daily chart, although both indicators are down, they have reached the bottom. It is possible for STI to reverse up ward by beginning of next week. But because its higher time frame shows a down trend, this uptrend might be very short lived.

Further to that, the last 2 days of the week have produced what's look like a counter wave. Looking at the larger picture, it would well be a 4th wave. So we should be expecting a 5th on its way. This would mean that a counterwave of B will follow after the completion of this down trend and then followed by a C further down.

So it might really be a good time to sit on the fence at this time.