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Friday, April 29, 2011

STI 29/04/2011

STI @ 3178.

Yesterday no triggers.

Today support at 3167 is critical. Breakout is above 3200.


Thursday, April 28, 2011

STI 28/04/2011

STI @ 3191.

STI hit all of yesterdays targets and stretch too.

Today the support at 3178 is critical.

Breakout above 3208 will give 3224-3234.


Wednesday, April 27, 2011

STI 27/04/2011 - update

STI broke 3187. Might be headed for 3171-3161.


STI 27/04/2011

STI @ 3193.

Critical support at 3187 today.

Breakout is above 3209.


Friday, April 22, 2011

Happy Easter!

Hello readers,

Heres wishing every one Happy Easter and Happy Holidays.

So far this year has been good. Most of the STI numbers posted on this blog have worked well. Do let me know if the views or charts posted on this blog have helped you. If you would like to see anything additional on this blog or if there are any posts that you do not understand you can also let me know. I can be reached by email at

I will be taking a short break until 26th April and will be back on 27th April. Wish you good luck with your trading.

Lastly I want to add that, it takes a good amount of my time to update this blog on a regular basis even so during critical market junctures. If you would like to make any donations to help me keep this blog maintained you can click on the below link. Any amount will be appreciated.

Last but not the least. Thank you all for visiting my blog.


Thursday, April 21, 2011

STI 21/04/2011

STI @ 3195.

STI had a massive breakout off the wave 4. And resumed the wave 5.
It hit both of yesterdays TP's and stretch.

Next breakout is above 3201.

Critical support at 3168.


Wednesday, April 20, 2011

STI 20/04/2011

STI breakout.. Might be headed for 3168-3178.


STI 20/04/2011

STI @ 3137.

Today critical support at 3115.

Breakout is above 3152.


Tuesday, April 19, 2011

STI 19/04/2011

As stated in the earlier posts we had a Diamond top breakdown yesterday.

STI hit yesterdays TP's.

Now at 3116.

Critical support at 3105. A break of which might take us to 3090.
Breakout is only above 3136.


Monday, April 18, 2011

STI 18/04/2011

STI @ 3164.

A break of 3153 might see 3138-3128

Breakout is above 3172.


Friday, April 15, 2011

STI 15/04/2011

STI @ 3151.

STI has a diamond top formation on hourly. A break below 3146 will see some pullback.

Elliott wave wise, we are in wave 4 which could be choppy until we resume wave 5 up. Although, I do not expect STI to break 3080.

However, a breakout above might resume wave 5.

Best to your trading.

STI 15/04/2011

STI no triggers yesterday. Numbers same as yesterday.

A break above 3175 gives more upside near recent highs.
Critical support at 3146.

Thursday, April 14, 2011

STI 14/04/2011

STI hit yesterdays targets and exceeded by 3 points.

STI @ 3160.

A break above 3175 gives more upside near recent highs.

Critical support at 3147.


Wednesday, April 13, 2011

STI 13/04/2011

STI breakout of 3151. Might be headed for 3166-3176.

STI 13/04/2011

STI @ 3137

STI is in a short term correction. Yesterdays target range still possible.

Yesterday STI broke 3129 but came back up after hitting 3127.
A break of 3133 might see 3117-3107.

Breakout is only above 3151.


Tuesday, April 12, 2011

STI 12/04/2011

STI @ 3131.

STI hit and exceeded yesterdays TP's.

A break of 3129 might see 3114-3104.

Breakout is only above 3153.


Monday, April 11, 2011

STI 11/04/2011 - update

STI broke below the 3168 support.

Might be headed for 3152-3142.

STI 11/04/2011

STI @ 3177.

A break above 3182 might give 3198-3214.

Support at 3168 must hold.


Wednesday, April 6, 2011

STI 06/04/2011

STI @ 3146.

STI did not hit yesterdays TP. I think we are in for a minor pullback towards

A break of 3132 might see 3116-3100.

A breakout towards new cycle high can happen only if break 3166.

Tuesday, April 5, 2011

STI 05/04/2011

STI @ 3143

A break of 3156 might see 3171-3172.

Support at 3126 is critical.

Monday, April 4, 2011

STI 04/04/2011

STI hit the target with day high at 3145 so far.

STI @ 3139.

A break of 3151 will give more upside towards 3167-3177.

3123 becomes critical support.

Friday, April 1, 2011

STI 01/04/2011 - update

STI broke out of 3123.

Targetting 3138-3148.


STI 01/04/2011

STI @3105. No triggers yesterday. It held support and resistance.

3100 is critical. A break might give 3185-3175.

Breakout is above 3123.