STI 31/08/2011

STI broke out of 2824 this morning..

I think might be headed for 2839-2849.

Bullseye.

STI 29/08/2011

STI @ 2774.

Intraday Support at 2749.

Breakout above 2785 might bring it to 2800-2810.

Bullseye.

CWT 28/08/2011

Elliott wave on CWT.

We might be trading in wave 4. Wave 4 might turn out to be triangle or zigzag or flag abc. Whatever it is it must not breach 1.17 upside for this count to be correct. And there should be another wave 5 down after wave 4 ends.

STI weekly update 29/08/2011

STI hourly and daily view. We might still have some upside towards 2820 before it runs out of steam. Elliott waves wise we might be trading in wave ii of 3 zig zag.

STI 26/08/2011

STI @ 2749.

Intraday support at 2733.

Breakout above 2762 might take it to 2776-2786.

Bullseye.

STI 24/08/2011

STI hit yesterdays targets.

Now @  2746.

Intraday Support at 2725.

Breakout is above 2796.  If breakout might take it to 2810-2820.

Bullseye.

STI 23/08/2011

STI @ 2735.

STI hit a low of 2710 this morning.

Breakout above 2740 might take it to 2753-2763.

Support now at 2709.

Bullseye.

STI 22/08/2011

STI @ 2709.

STI hit fridays targets.

Intraday support at 2708.  A break of it might see 2695-2685.

Breakout is above 2745.

Bullseye.

STI 19/08/2011

STI @ 2754.

Todays Support at 2741.  A break of which might see 2728-2718.

Breakout only above 2762.

Bullseye.

STI 18/08/2011

STI @ 2839.

Todays support is at 2814 and 2800.

Breakout is only above 2850.

Bullseye.

STI 17/08/2011

STI @ 2844.

Support at 2824.  A break might see 2810-2800.

Breakout only above 2861.

Bullseye.

STI 16/08/2011

Very short term Elliott wave application on STI. Just a possible count.

Recently we saw a 5 wave decline clearly an impulse. Currently we are in corrective wave (abc) upwards. It might have few more days to go before the next impulsive leg down prints which might bring it down to test and break the recent lows.

Trade with caution.

STI 15/08/2011

STI @ 2867

Support at 2837.

Breakout is above 2903.

Bullseye.

STI 12/08/2011

STI @ 2842.

A break above 2864 might see 2878-2888.

Support at 2803.

Bullseye.

STI 10/08/2011

STI @2874

Watch the support at 2870..  If broken might see 2857-2847.

Breakout is above 2917.

Bullseye.

Who says market doesn't fall in a straight line?

On their faces!!

S&P 500 fell from 1340 to 1077 in a perfect straight line after the H&S breakdown and still falling!

STI 08/08/2011 - update

STI trying to break 2872.

If broken might see 2858-2848.

Bullseye.

STI 08/08/2011

STI saw massive gap down and sell off again today.

Now @ 2875.

Support at 2872.

Breakout only able 2945.

Bullseye.

STI 05/08/2011 - update

STI is trying to break 2982.

If breakdown we might see 2967-2957.

Bullseye.

STI 05/08/2011

STI @ 3013.

Massive gap down following DJ 500+ points loss.  Bear flag came true.

Support at 2982.

Breakout only above 3040.

Bullseye.

STI 04/08/2011

STI @ 3119.

A false breakout again yesterday.  I believe STI might be creating a bear flag on daily.  Remain aware of all scenarios.

Support at 3100.

Breakout only above 3153.

Bullseye.

STI 03/08/2011 - update

STI broke out of 3135.

Might head for 3150-3160.

Bullseye.

STI 03/08/2011

STI @ 3124.

STI hit yesterdays targets and exceeded.

Critical support at 3106.

Breakout is above 3135.

Bullseye.

STI 02/08/2011

STI @ 3185.

Yesterday STI broke above the previous high and today it went below.  Looked like a bull trap.

Support at 3173.  A break of which might see 3158-3148.

Breakout only above 3211.

Bullseye.

STI 01/08/2011

STI @ 3215

A break of 3223 might see further upside towards 3239-3249.

Critical support at 3197.

Bullseye.