Thursday, August 9, 2007

The end of NDP

I forgot that SGX not trading on National Day so despite the indecisiveness spotted in the Dow Jones for 2nd last closing price action, STI was partially immune to the indecisiveness.

A look at the technical chart of Dow Jones reveals that it closed strongly on it's latest closing. My charting software now has problems displaying the trading volume of the Dow Jones Industrial so can't really tell whether this strong closing is justified. I noted from my chart that the Dow tested the region of around 13770 but failed to close above it and 13770 was a previous resistance on 2 occasions. Thus i believe STI will only rally if Dow break this resistance level. Gotta see whether Dow Jones will break that resistance level later in the morning and see whether STI will break the 100d EMA today.

2 comments:

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Penerimaan CPNS 2014 said...

maybe it must tu update :)