18 Dec SGX Mainboard

Paper traded NOL @ $1.54

Action: HOLD

NOL opened at $1.52 at the market start. It wasn't poised till it went past the $1.54 level (Resistance for the last few days in a row). Chart of NOL before 18 Dec. I believe the next psychological barrier will be at $1.60.

 

Dow 16th Dec 2009

Dow has yet again hit the strong resistance level (mentioned in prev entry) and headed downwards for 2 consecutive days.

Signs of increasing interest in selling. I wouldn't be surprise if it continues to be red on the 17th Dec.

Dow Jones as at 3rd Dec

Dow Jones Industrial closed -86.53 (-0.83%) with a volume higher (almost twice) than the day before. It has tested the 10500 range 3 days in a row before heading down on those days. Am anticipating a drop tonight with all the technical indicators turning downwards.