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STI @ 2882.
Intraday support at 2873.. A break below might see 2859-2849
Breakout only above 2910.
Bullseye.
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Monday, October 31, 2011
Friday, October 28, 2011
STI 28/10/2011
STI @ 2874.
Intraday support at 2856.
Breakout is above 2907.
Yesterday there was almost a 100 point intraday range which happened only in August this year when the market collapsed.
Bullseye.
Tuesday, October 25, 2011
STI 25/102/2011
STI hit yesterdays targets.
STI @ 2763.
Intraday support at 2756. A break might see 2742-2732.
Breakout above 2787.
Bullseye.
Monday, October 24, 2011
STI 24/10/2011
STI @ 2753.
Intraday support at 2741.
Breakout above 2761. Breakout might see 2775-2785.
Bullseye.
Friday, October 21, 2011
STI 21/10/2011
STI hit yesterdays targets.
STI @ 2712
Intraday support at 2689.
Breakout above 2725. A break above 2725 might take it towards 2739-2749.
Bullseye.
Thursday, October 20, 2011
STI 20/10/2011
STI @ 2710.
STI hit yesterdays targets.
Intraday support at 2706. A break below might see 2693-2683.
Breakout only above 2722.
Bullseye.
Wednesday, October 19, 2011
STI 19/10/2011
STI @ 2736
Intraday support at 2729. If broken might see 2716-2706.
Breakout only above 2746.
Bullseye.
Tuesday, October 18, 2011
Monday, October 17, 2011
Sunday, October 16, 2011
STI weekly update 16/10/2011
STI Weekly:
We saw the repetition target (second red box) of 2621 hit recently. The size of the second box is the same as the size of the first box.
It is quite certain that we are in long term bear market. If it is true then the long term target is the bottom of the third box which is around about 2120.
STI Daily:
Last few days we saw a big rally from the bottom. This rally is a corrective rally which could unfold in 3 waves (A, B, C). We are near the top of wave A. Once wave B begins, it might retrace more than 50% of the rally followed by a wave C rally.
The biggest rally on the way down from the top of 3227 was from 2680 to 2910 about 230 points. Adding 230 to recent low of 2521, we get 2751. Which coincidently is near the recent top. This is depicted by the two green boxes. This tells me we are near a short term top and we should pull back atleast around 50% of the rally.
We also see a falling broadening formation on the daily chart breakout. After testing the breakout price again we should resume the rally to test the high of the falling broadening formation.
STI Hourly:
We are currently near the resistance trend line. We might see some pullback followed by a rally to hit the upper trend line.
STI Hourly:
Short term EW depicted on the chart.
We saw the repetition target (second red box) of 2621 hit recently. The size of the second box is the same as the size of the first box.
It is quite certain that we are in long term bear market. If it is true then the long term target is the bottom of the third box which is around about 2120.
STI Daily:
Last few days we saw a big rally from the bottom. This rally is a corrective rally which could unfold in 3 waves (A, B, C). We are near the top of wave A. Once wave B begins, it might retrace more than 50% of the rally followed by a wave C rally.
The biggest rally on the way down from the top of 3227 was from 2680 to 2910 about 230 points. Adding 230 to recent low of 2521, we get 2751. Which coincidently is near the recent top. This is depicted by the two green boxes. This tells me we are near a short term top and we should pull back atleast around 50% of the rally.
We also see a falling broadening formation on the daily chart breakout. After testing the breakout price again we should resume the rally to test the high of the falling broadening formation.
STI Hourly:
We are currently near the resistance trend line. We might see some pullback followed by a rally to hit the upper trend line.
STI Hourly:
Short term EW depicted on the chart.
Friday, October 14, 2011
STI 14/10/2011
STI did not see any breakouts yesterday.
STI @ 2738.
Intraday support at 2713. A break might see 2699-2689. (watch for weakness below yestedays low)
Breakout only above 2757.
Bullseye.
Thursday, October 13, 2011
STI 13/10/2011
STI hit yestedays target of 2717-2727.
STI @ 2753.
Intraday support at 2722, 2714.
Breakout is above 2760. If breakout it might see 2774-2784.
Bullseye.
Wednesday, October 12, 2011
STI 12/10/2011
STI @ 2687
STI hit yesterdays targets.
Intraday support at 2656.
Breakout is above 2704.
Bullseye.
Tuesday, October 11, 2011
STI 11/10/2011 - update
STI trying to break intraday support. If broken successfully, it might head for 2688-2678.
Bullseye.
STI 11/10/2011
STI @ 2716.
Intraday support at 2701.
Breakout is above 2729. A break might see 2743-2753
We are nearing end of minor wave A.. It is a good time start taking some profits..
Bullseye.
Monday, October 10, 2011
STI 10/10/2011
STI @ 2650.
Support at 2640. If break it might head to 2627-2617.
Breakout is above 2674.
Bullseye.
Friday, October 7, 2011
Out today
I am out for a family emergency today. Will not be posting today.
Congrats to those who entered long positions last few days.
Bullseye.
Thursday, October 6, 2011
S&P 500 06/10/2011
S&P 500 futures updated chart. Previous chart is here.
Currently it is trading in an ending diagonal after breaking out of the bull flag.
Currently it is trading in an ending diagonal after breaking out of the bull flag.
STI 06/10/2011
STI @ 2586.
Intraday support at 2552.
Breakout is above 2616. If breakout it might head for 2629-2639.
Bullseye.
Wednesday, October 5, 2011
STI 05/10/2011
STI hit yesterdays intraday support.
STI @ 2548
Intraday support at 2530. A break might see 2518-2508.
Breakout is above 2569.
Bullseye.
Tuesday, October 4, 2011
STI 04/10/2011
STI @ 2580.
STI hit yesterdays targets.
Intraday support at 2539.
Breakout is above 2612.
I think it will be hard to breakout either ways today...
Bullseye.
Monday, October 3, 2011
STI 03/10/2011
STI hit fridays targets.
STI @ 2626.
Intraday support at 2617. A break of which may head towards 2604-2594.
Breakout is only above 2648.
Bullseye.
Sunday, October 2, 2011
Kepcorp 02/10/2011
I think Kepcorp might be headed for the repetition target of 6.54. Support at 7.46.
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