Capitaland Dead Cat Bounce Testing Gap Resistance Zone

19 Jan 2010
Shooting star formed the second apex of a potential double top formation.

22 - 25 Jan 2010
Potential variant hammer and inverted hammer 96 pattern formation stalled the breakdown of the light blue critical double top support zone.

26 Jan 2010
Confirmation of the double top formation when the light blue support was snapped with great bear power. The impact of the bear blow also took out the plum dual support zone.

27 Jan 2010 - 1 Feb 2010
Falling dead cat was caught by 200 SMA and alluring RSI and Stochastics fattened the dead cat as it hovered near the 200 SMA.

2 Feb 2010
Fattened dead cat bounce halted by plum dual resistance zone.

3 Feb 2010
Doji candlestick warning of potential fall of fat dead cat.

4 Feb 2010
Fat dead cat got caught by 200 SMA net again.

5 Feb 2010
200 SMA net breaks and fat dead cat gapped down to orange support zone.

8 Feb 2010
Tested triple support formed by

1. Orange support zone

2. Blue channel lower boundary

3. Red channel lower boundary

9 Feb 2010
Once again the low lines of the RSI and Stochastics enticed the brave bulls who are once again fattening the dead cat. Initail dead cat bounce halted at the dark blue support turned resistance zone and this rebound also filled the gap created on 5 Feb 2010.

News on China condominium sales may fuel the dead cat bounce or perhaps it may be a case of buy on rumours and sale on news. A favourable Dow Jones close may propel the fat dead cat bounce higher. Stay alert and be nimble as the following resistances may end the flight of this fat dead cat

1. 200 SMA support turned resistance line

2. Green resistance zone

3. Dark blue upper channel resistance

4. Dual plum resistance zone.

5. Light blue resistance zone

6. Dark orange resistance zone means dead cat is alive again

7. Gap resistance near 4.20 the cat roars

Immediate support is orange support zone followed by red support zone.

10 Feb 2010 2.15 AM Singapore Time Update

Dead Cat Bounce become Tiger Pounce if Dow Jones Super Cheong close near day top.

Stay alert and be nimble in case Tiger cannot have firm grip after pounce.