STI not following Dow Jones

Dow Jones has been heading north for the past few closings and we can see that the volume has been rising too so volume is confirming index action and this is healthy indeed. Currently, the support is near 13700 and hopefully we will be seeing it testing the 14020 region soon.

Dow Jones Industrial Average Chart:


The Straits Times Index dun seem to be following the movement of the Dow Jones and i am finding this very puzzling. STI reacted 1st to the Dow by having a huge gap upwards and it has been heading south slowly ever since. Let's see how STI test the upside gap in subsequent closing and see whether it finds support on this gap.

Straits Times Index Chart:


I dun post frequently on the SESDAQ chart but today i took a look at it. There was a gap formed in August and this gap was tested not long ago but it failed to close the gap. It will be significant if the gap is closed in future closings.

UOB SESDAQ chart:


I also took a look at the sector indices today and this is also something which i only do occasionally. I realise quite a lot of the sector indices are not moving up with STI despite the gap up. However, there were a few exceptions and one of them was the TSC sector. I tink it stands for transport, services and something else. Dunno what does the C stands for so if u can tell me, i will appreciate it :) The TSC sector is not only moving north, it has also broke it's previous resistance level. And another thing was that Jiutian and STX PO are inside this sector so this sector may be worth an another look.

I been visiting rallyartist's blog frequently and i realise he has not been updating recently. Den i went to the thread he starting in channelnewsasia and i found out he is in some kind of trouble. He posted on his experience and the actions he took that led him to the state he is now. It's a pity since his analysis was fantastic. Maybe the thing that struck me was how he turn 5k into 35k using technical analysis and it's proof on how technical analysis really works. I really learn quite some stuff from his experience and his thread can be found on http://forum.channelnewsasia.com/viewtopic.php?t=73861&highlight=