{Rmao.net Stock Markets Forum

by **sunbean** on October 27th, 2009, 8:27 am

my chart shows STI strong resistence at 2750, very difficult to break through. Support at 2600. So there is a huge gap for a huge correction. Zun anot?

by **Cinderella** on October 30th, 2009, 8:44 pm

: STI - Daily

A look at the STI daily chart from last April till now...
Notice that there is a dip below the cloud for the first time since April, which is not a good sign... :roll:

So its time to be more cautious in long positions over the next few weeks...

: STI - Hourly

A peep at the hourly movement of STI...
A failed attempt to repair within the hourly bollinger band today...

Lets see if STI can struggle back to the hourly bands next week...

A quick screening of counters dipping below the previous low for the past 20 days gives a results of 40+ weak/downtrending counters...
Out of these weak counters, s-chips make up the largest proportion....

There is a disturbing cluster of blue chips and big caps appearing within these results... :shock:

Personally, I do not perceive this weak cluster of blue chips as an attractive opportunity to buy on dip...Instead, I am worried that this could be the early sign of fund exiting or distribution going on...
Nonetheless, I am becoming very very cautious with lower risk appetite...though I have not turn bearish yet...

by **Cinderella** on November 3rd, 2009, 9:13 pm

: STI - Daily

STI closed below the cloud for this first time since last April... :shock:

: STI - Hourly

STI is still having difficulty to repair back within the hourly bollinger bands...

A quick screening of counters dipping below Oct's low gives a filtered result of 104 counters... :shock:

The psychological support level of STI 2600 must hold at all cost this week... :roll:

Continue to stay very very very cautious in any opened long positions... 8-)

by **Cinderella** on November 23rd, 2009, 11:46 pm

: STI - Monthly - FiboLines

A look at how STI retrace from the 3906 peak so far...
STI had been consolidating at the 50% retracement line for past 3 mths...
Its almost certainly that it will close above this line for Nov liaoz... :lol:

Next resistance level to look at will be 38.2% retracement line at 2970...

: STI - Daily - LineChart

A peep at the daily line chart of STI...
Observe how STI tried its very best to close within this parallel line channel for the past 3 mths... :shock:

Its almost on the verge of dangerous breakdown early this mth...Great closing repair by the BBs to defend this channel line... :lol: