Thursday, July 16, 2009

Technical Chart on STI and Dow


Very unpredictable... Straits Times Index (Strategy should be Sell first and wait for pullback)


Now that the Guppy ST-MAG (short-term moving averages group in white) has managed to cross above the LT-MAG (Long-term moving averages group in red). This has caught us by surprise. For a medium term perspective, we should stay neutral and adopt a trading stance for this summer.

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