STI Squiggle 06/03/2012 - Update

I had posted a diamond top formation on STI here. See the outcome yourself today. These are not just some random lines drawn on the chart. They do mean something.

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.

Bullseye.

SSE - 03/09/2010 - update

SSE. I don't like what I see. A diamond. It might be a signal for reversal or continuation. We just have to wait and see which side it breaks out.

All the previous charts are here.



Same chart zoomed out.

STI 22/07/2010

STI Intraday.

Here we go again.

STI 20/07/2010 - update

STI Intraday.

STI broke the diamond formation downside today. About 20-25 points from here, could give 2925.

STI 20/07/2010 - update

STI Intraday.

STI forming a Diamond top. This is a rare pattern. Break out is near but which way will it breakout remains to be seen.
Whichever side it breaks out we should see atleast a 20-25 point move.
Also the broadening formation still providing resistance as mentioned yesterday.