Breaking through the roof

STI broke it's resistance level today with great volume and that is extremely bullish. This week has been a good time for picking up counters indeed. 2 of the 3 counters i mentioned in my previous post are heading north like what i forecasted using technical analysis but i was not in any of them so it's a shame indeed.

Straits Times Index Chart:


ChinaKangda caused me a lot of heartache. I told a fren of mine to place a long cos a double bottoms was confirmed using technical analysis. But somehow i did not enter cos i was hoping that ChinaKangda will retrace back to the level of $0.42 with low volume and this level will offer an excellent opportunity for a trade entry. However, this counter just flew off the roof and i was left behind. I tink it's better to vent my frustration out through blogging here den to buy another counter on impulse without being clear-headed. If i am to survive in the market, i must control my emotions and not let it affect my analysis and any decisions that i am going to make. So this is it ! I am going to leave this heartache behind in this post and continue to look forward to make more profits in the market.

ChinaKangda Chart: