August 2009
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Month August 2009

RightNow Technologies (RNOW) : IAG Picks RightNow

I believe this is the first win within the insurance industry.

http://www.zdnet.com.au/news/software/soa/IAG-picks-RightNow-for-The-Buzz/0,130061733,339298106,00.htm

It will be a good case study for RightNow and they will be building on this win to get more traction within the insurance industry.

On top of that, I just saw another announcement that they have today.

RightNow August ’09 Boasts New Graphical Workflow Design Capabilities and Analytics for Cloud Monitor

Seems like a good week for RightNow. More wins, and new products.

Sohu.com (SOHU) : Bearish

SOHU’s chart is showing a decending triangle.

With prices sitting on top of a thinning kumo, and Tenkan sen has just crossed the Kijun sen, the possibility of it being bearish is much higher now.

Possible breakdown in first 2 weeks of September (??). Maybe.

2009Aug-Sohu.Com Inc-800x600

Shanghai Stock Exchange (SSE) : Bearish indicators as of 20 August 2009

Previously, my chart reading on SSE was inconclusive as my chart was not updated properly.

The Daily Chart is now showing a very bearish view for SSE.

1. Tenkan sen has cut Kijun sen on 13 August 2009

2. 2 days back, the price action has dipped below the kumo support  at 2788

3. Leading kumo is now twisting, suggesting that the overall trend is changing from bullish to bearish.

4. Put the 3 indicators together, and none of them suggest a bullish view. (Unless SSE is able to rally all the way out of the kumo). If not, the bearish view will persists.

2009Aug-Shanghai Stock Exchange-800x600