Technical Brief – 10th March 2009

Before I go into this post formal, I have 2 things to say. A declaration of sorts. So if you aint interested just scroll lower for the TA talk.

First of all, I came to know someone who committed suicide last night. I don’t know the person personally. Never had the chance to meet him. But mei mei knows him and accordingly to her he has a good soul. Kelvin Jason Chua. I feel sad that he left so abruptly but I am sure he had his reasons. Reasons that we don’t know. I will still respect him as an individual whom I have never met and pray that he will be in a better and happier place. He will be in my prayers. Who knows, in a silly way that I think, maybe Angel Kelvin will come and watch over me. He’ll be in my prayers yes, and I will do one thing for us. Cuz he said he will watch a show with me and Rachel. So I am gonna somewhat make it happen, somehow. I have only seen his picture and I don’t have a very good memory of sorts but that’s okay. He will be he. Always have been, always will be.

Moving on, it came to my attention today that someone from Chartnexus heard from a friend who in turn knew from another friend bout me. That I slept with the person. Let’s set this right. Maybe it is true, maybe not, I don’t know. To put it in a forthcoming manner, I haven’t slept with a lot of people. I won’t say who these are, but take it from me that they don’t kiss and tell, save for one maybe apparently. But it doesn’t bother me. I mean come on, we’re all adults. Dare to do, dare to post, dare to admit. I just don’t know who the person is so I cannot say if it is true or not but I am not gonna pursue it. Will I stop all my hanky panky? Of course not. Stop it just cause of someone whom I don’t know if it is real or not, change things? Hell no. Let me tell you what I heard last year. That I am married to a 40 year old indian girl. Ridiculous eh. I can’t think of how it begun. Maybe one day someone saw me walk out of work with the cleaning auntie. I’m just guessing. I have been a radio and club DJ in the past so lots have seen me here and there, so much sometimes I get messages from people who said they saw me here and there. Some of them were right probably, the rest saw someone else. This is not to say I am a public figure. The idea is, people can have big mouths. The fact of life.  What I do in my private life remains private. My friends and family understand that perfectly fine and that is all that matters.  Julian Hee is back on TV  and just the other day there was this discussion and someone went ‘hey my friend slept with him’. True or not I don’t know and I don’t care. Sounds like someone elevating his profile by linking himself with a public figure somewhat. Does it make him any special, regardless if it is true or not? So to put it right, what I have done in the past, I will continue to do. I never said I was a saint. If someone wanted a role model, hey go look for it in church. Hopefully, you are not one of the little young boys there though!

Moving along to the stock market! Is the REBOUND that we are hoping for arriving? I am crossing my fingers cause I have been unable to enter new positions for so long grrrr… What am I looking out for. STI at around 1530 for now. Initially I figured 1580 but it might be a bit too ambitious. We’ll see. 1530 confirms a lower high and ultimately could bring forth a lower low.  DBS at around 7 thereabouts. Plus minus a lil more. Oil stocks, very powerful, holding their levels as oil prices rebounded, bucking the trend of the market movement.  In the news, treasuries tanked ahead of the 34B auction. NOL and cosco tanked alongside. NOL tanked first on heavy volume that it may issue rights. Big ugly candle today but 95c seems to hold. That is the support where it is at.

I will pen off for now, cause I am gonna head for the funeral. Trade safe folks. I will return with more when sentiment has changed.