Under the weather..

I have not been well the last fes days. I am still not well now. I suspect that I am catching a cold. The strange part of my cold is that it kept coming back at night only. One thing for sure, I am also coughing right now and the medicine I take makes me drowsy. I just wonder if it also has an effect on my reading.


Fig 1 Cosco Daily Chart

I don't have chart for indices, the service provider is screwing up again, the last up-date on STI was 3/1/2011. The only charts I have now are stock and Forex. Even so, there is nothing much to look at.

Cosco for example has been climbing up. The only trouble with this climb is that it created divergence on Stochastic and RSI. I believe the market is coming down again.

Using Fibonacci projection, the resistance is at 2.36 while support 2.17.

If I consider Elliot wave, this stratch of wave seems to completed a 5 wave pattern. So it might be time to come down.