check out the MACD for dow jones...it has crossed down. What does that mean??
Where could be that next logical support?? If it doesn't rebound tonight, might be heading for 15600 (the last round of strong rebound and just above the 50 days MA).
The STI didn't rally much when US, Euro and Japan rallied...and didn't dropped alot compare to Dow/Nikkei 225......hmmm now STI has some support around 3170....it is attempting to challenge the 50 days MA around 3188..If u failed to break up, then i will break down and re-attempt from a lower base. Next support around 3158, if fails to hold likely head for 3120. If that fails, then will head for 3060...so no hurry to catch the stocks yet.
No comments:
Post a Comment