All in a day's work

In response to DJ breaking of the 13000 barrier I previously posted, STI reacted in the similar reaction today. As pointed out by my friend, TraderStudent, a Inverse H&S formation is spotted but not completed.

But the postive thing to note, despite the possible failure is that STI is still above 3,150, a resistance turned support as seen on the previous days of trading.

Today, with STI closing

1. Slightly above 200MA

2. Above the neckline of the inverted H&S

3. Above the support line drawn, this is subjective

4. Considerable volume.

Are we going to trend along this region or drop. This is the million dollar question, nevertheless HSI, has recovered it's gap. Technically, we are recovering, but then again, bombs could be dropped again to supress the prices for the BIG PLAYERS to earn more, as usual.

The news creator, analysts = Biggest earners. Agree? To me, it is.