Currently my forecast from previous posts for the charts of Dow Jones and STI using Technical Analysis is on track. Nothing unusual today, cos the market still singing the same tune and that is index moving up and yet the volume is declining.
Anyway take a look at the purple line which is touching the previous tops. I drew this line in the previous posts and on the latest closing of the Dow Jones, the index failed to move above this purple line and closed just on the line itself. A bit too coincidental ? That is technical analysis in action :)
Dow Jones Industrial Average Chart:
Tuesday, August 28, 2007
Index forecast currently on track
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