Singapore Entrepreneurs Network & Startup Organization

2005-02-26 daily chart

Hey Lion,

Finally see you using your picture as your avatar! Time for me to get back mine.

Creative 50 - $12.80 (2005-06-06)

My initial guess - $10.00 (63.2% decline from $27.20)
Reason - where weekly Rickshaw Candlestick found (an impt reversal signal)

Look at this monthly chart of Creative. Upon each of a monthly Big Black Candle appear
near a Top or right at the Top, the price subsides severely from as little as 46.6% to as great as 74.8% . In fact. more than 1/2 of the 7 occasions exceeded 70%

Not definitely Creative will once again suffer such a big blow, but perhaps we should pay alittle bit respect to the Historic Fluctutaion ... ...

A-Reits - $2.23 (2005-06-12)

Long Upper Shadow (or Long Legged Doji) occured. Previous 4 similar occasions shows that market went into sideway trend before once again gaining its upside momentum.

A-Reits is likely to stay below $2.31 for the weeks ahead. Note that a weekly closing below $2.17 over next week aould would form a bearish Evening Doji Star (variation)

Evening Doji Star - A major top reversal pattern

Starhub - $1.65 (2005-06-18 daily chart)

Yet another bearish Gravestone Doji appear, last seen on 01/02/2005. A Black Marubozu follows the next day ensure that the bears are in control.

Previous occasion saw price was force down near a 50% retracement along $1.14
So we might expect further price fall along $1.53 (uptrend line support) or an equivalent
50% retracement along $1.46

BEARISH GRAVESTONE DOJI

Definition:
Gravestone Doji is a pattern in which the opening and closing prices are at the low of the day. The Bearish Gravestone Doji Pattern is a top reversal pattern. It appears during an uptrend representing a possible reversal of trend just like its cousin Bearish Shooting Star Pattern.