Thursday, January 24, 2008



Is this really a rebound.

Technically, STI was able to stay above it's flag range today. Out of it's downtrend pattern. But something which is not very convincing is that, with it volume, why is STI is not showing the supposedly long white candlestick. It close quite hesistantly but do also note HSI's performance near closing, when down -500+ points.

3151 is still the point to cover up, a gap down. This number was tested thrice. Still a point to beat.

A friend did inform me of a Tweezer Bottom on DJ, a powerful signal technically, but I still have my reservations. As usual, in trading, there's nothin absolute, just don't go against the trend and be careful and flexible.

 

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