Life lesson

"Life is not fair, get used to it."
By Bill Gates

"If you born poor, its not your mistake, but if you die poor, its your mistake."
By Bill Gates

The few quotes which I fully agree.

In life nobody has to give you a reason why it is unfair. Instead of complaining unfairness, we have to be positive.

It is your fault if you don't work hard. You are the only person to blame.

Our view and judgement are important

Lately there have been too many negative news of the economy. Too many experts gave their views about the condition of the market.  In my views we can listen to what they said but it is very important we have to have our own views and judgement after hearing it. Don't accept completely whatever they have said but instead analyse the reason of their views and we make our own judgement.

Example this Swiss billionaire said "Massive banking crisis brewing in Singapore".  I am not sure how bad is the situation but I will just monitor the situation. At the end of the day, if he is wrong, there is no way we can question his judgememt.  So I will keep this article here and look back again many years later and see the judgement of these billionaire or experts. 

Just a few weeks back, Japan together with some European countries introduce negative interest rate. It means we have to pay bank to keep the money in the bank. After reading further, I realised this is another way to spur the people to spend more money. This will directly improve the economy. With all the money printing and slashing of oil price have not helped to stabilise the situation, in my view it is hard for this measure can help to improve current situation.

My analysis 22 Feb 2016 - OCBC

Look at just the TA for OCBC, it has similar trend to STI, forming lower low.

● RSI 55
● MACD has not cross downward
● Price just cross MA 20

My view: price may just cross MA 50 then U turn. I have 100 shares at $8.72. I will sell at a lost when RSI > 60 and MACD cross down. Then buy back when it hit lower low trend line and at the same time STI still above 2500 points.

My analysis

I want to keep track of my own TA analysis and see how is my analysis. First start with STI.

17 Feb 16 - STI ETF
* based on trendline it will hit between $2.7 and $2.8 before it comes down. Forming lower lower.
* MACD just cross upward so short term it will go up.
* price just cross MA 20 so look for it to cross MA 50 next.