Tuesday, September 25, 2007

A shooting star

STI currently resisted at the previous resistance of around 3652. Given that it formed a shooting star on today's closing, it is not likely to break this resistance level in the short term though this resistance in my opinion is a minor resistance level.

Strait Times Index Chart:


Dow Jones currently trending sideways as seen by the rectangle and it is supported on the shaven long white candlestick made 5 closings ago. Nothing conclusive to say about Dow Jones as of now.

Dow Jones Industrial Average Chart:

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