Fighting Hypertension

I have been a little lapse on my charting lately. I have earlier on mentioned of having hypertension and on medication. It was a life changing experience for me. Lately I am experiencing the negativity of the drug that I have taken, migrains, weak muscle especially the upper arms area, sleepiness and easily letargic. My heart beat has been especially sloooooowwwww lately, below the 60 pulse level while blood pressure looks okay.

Turn out the drug known as beta blockers works in the way of reducing the heart beat to control the blood pressure. But the side effects definitely is worse, worst is that the drug is not a cure but a controlling agent. The blood pressure will again shoot up once you stop for 2 to 3 days.

Since then I have been researching any altrernate ways to tackle the issue. Seems like I need to pump up my exercise routine and watch my diet. It is made worse because I am a salt person, and I need to remove all sodium contents from my diet. Well, we will see how it goes.


Fig 1 STI Daily Chart

Speaking of Beta Blocker, STI certainly seems to have taken the same medication as I have. I recall my last entry that it is heading down, and it is.

Placing a Fibonacci Projection at second wave and third wave, level of support and resistance is derived at 3,009 and 3,044 respective. While I expect it to fall, the plunge ( with gap down ) is much more dramatic than I have thought.Not only the previous high failed to support the index, it is now the resistance.

Base on Gann Grid line, there might still be some distance to go. Next support level is 2,910 other than the Fibonacci's.

In longer term, STI does not look good, the 21 days moving average has just crossed the 89 days'. It kind of signifies the beginning of the end.

The funny thing is that Goh Chok Tong just mentioned on news that there is no U-turn on growth policy, not that I don't support. The thing is that STI does not agree with the policy and it is doing a U-Turn on its growth now.

Double Top on Capland

Okay, a very short one today. A friend sent me an e-mail asking me when is it a good time to enter Capland.

I opened the chart and I saw this......


Fig 1 Capland Daily chart

It took a year for this counter to complete the double top and it has broken the neckline. I presume it will be heading south for now. Technically it is heading for 2.68.

However, if it breaks 3.46 upward, then like my teacher said, all bets are off.

How right am I?

You can get it wrong many times when you do charting, but when you are right, it feels like you have won a million. So I was right about these 2 days, I mentioned that Monday should be up but short lived. In fact Monday's rise of STI was only stopped by the neckline and today it has lost all its gain, went even lower than Friday's low.


Fig 1 STI Daily Chart

Now I am in a mild dilema, both indicators are in conflict with each other. Stochastic is reversing down while RSI up. What's in common is that they are both at the bottom. Another issue arise, STI is touching the positive gradient of the Gann Gird line while weekly chart touching the negative part.

This time I am making an educated guess base on probability. It will be up tomorrow when I consider the 4th wave of the this third wave. It could be irregular pattern so we will see a rebound up tomorrow (probably to the neckline again. This would be before it breaks through the Gann Grid and continue to move south once more. If on the other hand STI is in such a weak condition, it will break right through the Gann Grid tomorrow. A stronger rebound will come after the completion of the fifth.

In anyway, we should not be in the market now unless it breaks 3,118. That will render the double top invalid and instead indicating the possibility of the completion of the counter wave.

Correction coming....

My son came down with a fever with cough. It was expected because the flu virus has been passing around the family and that he has taken a lot of heaty stuffs during CNY. We were actually anticipating this to happen. So it is again sleepless nights with scheduled medication in the middle of the night.

The only thing that I find strange is that he still has so much energy to play and enjoy himself. I recall when I was having fever as a child, it was quite hard to even walk, let alone play.


Fig 1 STI Weekly Chart

So STI went down one more time on Friday. The lucky thing is that it met with a resistance (previous high) of 3,052.62 and rebounded. It is also quite clear that it broke through the neckline of a double top which took 4 months to create. Assuming that it does not violate the rules again, the minimum objective of the double top is 2,945.


Fig 2 STI Daily Chart

On daily basis,it clearly show a 5 days drop and it broke through the 21 and 89 days moving averages. Moreover, it has also broken the long term trendline (quite some time ago). Its not a good sign so far.

The good part is that both RSI and stochastic is at the bottom which is an indication of over sold. So a rebound is due.


Fig 3 STI Daily line chart

I purposely add in the line chart this time, because it reveals a something different. What happened on 8th Feb 2011 caused a slow down in its descent. I have seen this kind of thing before. It is micro wave and the pause on the line indicated a counter wave. So what is the significance?

What I think is that the counter wave is a 2nd wave and it is followed by a 3rd wave. If this is so, 4th wave is next. So Monday is likely to be up but not for long and it tends to be irregular for a few days. It will follow by the 5th wave.

On a bigger picture, we could be well into the C wave of the whole counter wave pattern. Nov 2010 was A wave, Nov 2010 to 19th Jan 2011 is a B and now we are in the middle of C. The completion of the coming 5th wave only marks the completion of the 3rd of C wave, there will still be a 4th and 5th.

Not a very happy CNY

I haven't been reading charts the last few days, my hypertension condition is ringing very loudly in my head, plus, my cough is not completely healed and it turned into a flu. My wife, my son and daughter are also catching the cough from me *sigh*. I am also having this neck pain since my return, it is strange as it is not the problem from the joints of my spine.The pain leads to headache.

The last few days have been quite chaotic, trying to adjust back to normal life. I have not been reading the charts since I was back from KL on Sunday, the notebook was dismentled from the system and I need to reconnect all the wires to get it operational.


Fig 1 STI Weekly Chart

Looking at STI, it is certainly not a good start for CNY. Coincidentally, I read my past 2 posts and noted that both posting contradict each other. It seems like the wave count at the moment is more reliable than the indicators. Like the earlier posting, there is more down side.

What interesting is the STI has now broken the double top neckline, as a respect for the pattern, the measurement of minimum objective is 2,969. STI also broke through the 21 weeks moving average at 3,150 which now become the resistance. Its 89 moving average on the other hand is supporting the index at 2,898.

On weekly basis, RSI and Stochastic is heading south, and it seems like this is only the beginning. Another point to note is STI is leaning towards the negative gradient of the Gann Grid line, so it is likely to move southward.

As for tomorrow,well, on daily basis, the indicators are already at the bottom, there might be rebound. If we believe in Fibonacci on the other hand, the next natural number is 5, so it is less liely to have a 4-day trend,the fifth is likely to be a down as well.