A movie: Inception.

Went to the movies today and at the end of it, I told my friend whom I watched the movie with that it has been a long time since I watched a movie that required some effort to understand. Once I understood the theory which was the backbone of the movie, I enjoyed it.  5 minutes in the real world would yield 60 minutes in the dream world.  So, if we dreamt while we slept for 8 hours, imagine how much time that would give us in the dream world.  The movie I am talking about is "Inception".

It gets weirder.  Dreaming within a dream would give us even more time in a deeper dream world.  A dream within a dream within a dream could give us decades in an even deeper dream world, allowing much more time to do all the things we ever wanted to do.  Of course, these things would be accomplished in our dreams and not in the real world.  That gives a twist to the saying: "In your dreams!", does it not?

This also reminds me of a saying by Zhuang Zi, "Was I a man dreaming that I was a butterfly or was I a butterfly dreaming that I was a man?"

All said, it is nice to have dreams.  Just watch out for the nightmares.

Official website: Inception.

Charts in brief: 23 Jul 10.

AIMS AMP Capital Industrial REIT: I was at a friend's house warming and we talked about the stock market a bit and his broker said that this REIT has a very low market capitalisation.  So, it was not on his radar screen.  Actually, I like the sound of that because it would give me more time to accumulate at lower prices.  However, with recent increased accumulation activity as suggested by the OBV's direction, I suspect more are taking note of this REIT's high yield, large discount to NAV and relatively low gearing.  Looking at the candlesticks, it seems that a new support level has been established at 22c in the near term.  Is this sustainable? With all the MAs rising, it might be. The MFI broke out of its downtrend decisively four sessions ago which signals a return of demand. Any further upmove in price would see a retest of the resistance at 23c.

Genting SP: Price has finally closed above $1.20 in the last session.  At $1.21, could it go higher? From 21 June, when price first touched a high of $1.21, volume has been shrinking as intraday price range became narrower and narrower. Volume is the fuel that drives rallies.  Without any expansion in volume in a move up in price, bulls do have cause to worry. It is encouraging that the MFI has moved out of resistance and this shows a return of demand.  However, OBV is flattish which suggests that there is a stalemate between accumulation and distribution despite a return of demand.  Things still look dicey and I would keep an eye on the support provided by the 20dMA which is currently at $1.18.

STI +0.4% but upside limited; 2,984 resistance
Friday, 23 July 2010

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