Wednesday, June 27, 2007

STI looks darn bad



STI looks darn bad today with the Dow making closing at a lower price. There was a gap down today and the falling prices was accompanied by an even greater trading volume. Earlier on, despite the STI making higher highs, there was volume divergence shown on the OBV and the RSI failed to make a new high. Next support level at the 50d EMA. On a lighter note, tink my fibbo retracement like a bit wrong liddat. The 100% line dunno leveling at where. Better go dig out my texts. :)

0 comments: