Time of Volatility

====Swinging Market====

Last Friday, DJI went down by 366.25 points to close at 13522.02. Whao the black monday effect is so great. The festive mood has also spread to STI on Monday 22/10/2007, where we have a gap down and another further decline to 3632.98 for the 1st hour before HSI comes to our support which helps us end the the day with only 35 points down.

Then came tuesday, DJI manage to close slightly higher last night and we get to enjoy some ride up the index with the support from HSI.

Last night, DJI manage to shoot up due to the strong earnings from Apple. This has boosted our index and STI manage to gap up today. However, HSI start to lose its strength and STI got its beatings as well, managing to close at 1645 near the 1650 support this support will not hold now...

More reports(beatings) to come in US:
MBA Purchase Applications (wk10/19 , 2007) Oct 24
Existing Home Sales (Sep , 2007) Oct 24
DJI - 168 as at 11.20pm

=====Actions====
As the saying goes"Volatilty is your friend" and I am out to buy on weakness during such times.

And I got to pick up China Energy yesterday. With the purchase, I am 100% vested again!
Chart below:




Today, it manage to gap up but has closed lower.... I can only hopes that weak holders are out of from the previous selling... and it can hold at ard 1.32....

Haiz a jinx again... failed to anticipated further decline due to US report.

Tomorrow Aztech report earnings.... due to market sentiments, positive results will not have any impact on the counter....

Portfolio status: Down 15%...