Sunday, December 14, 2008
STI Chart Pattern - Market Review
The Market is turning bullish for short term now. Looking at the STI chart, you can see that it has bounced off the support for the second time and it stays above 20 Day MA. Apart from that, the 5Day MA is also above the 20 Day MA. That shows that short term, the market is still bullish even though there has been some corrections. There has been some strong buying early last week before the bad news set in especially the failure to reach agreement on bailout package for auto industry in US.
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About Me
- ES Sei
- I'd like to share my experiences and knowledge about healthy and happy living as well as mid-life crisis. 不以物喜，不以己悲。
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