Remember this posted http://achua138.blogspot.sg/2014/02/i-do-not-like-idea-of-open-high-close.html ?
Look at the STI chart, what did you see? How many opened high closed low candle sticks were there? Longer tails facing upward especially yesterday with a addition of big red body. It showed that the big boys pushed the index up in the morning and after that they did a so called "profit taking". When is this going to stop or where STI is heading towards.
We saw NADSAQ and S&P broke new high. And DOW too, only it did not manage to close at new high. So what happen to STI? Remember I said that recently STI followed China indices much closer instead of US indices? Look at recent China indices. What happened to them, up or down?Down, isn't it?
Remember what I said about US indices when it correction took place? http://achua138.blogspot.sg/2014/08/last-thursday-dow-dropped-300-over.html "Just ask yourself, you want/plan to enter when DOW stay above 17000? If you no, I no, fund managers no....then how? Yes, you need the index to come down, isn't it?". In that post, I also mentioned to watch the resistant level that I drew on the China and Hang Seng charting. From here, you can see funds moved from East back to the West. So when the funds coming back to the East again?
When the big boys earn enough profit, they will definitely move their fund to somewhere else. Whether to Eastern stock market, commodities..........or gold, we just need watch closely on the product movement that you are trading. US indices are on the high side again. So, watch careful when the fear wave comes in. That is the time where the funds start to move from one place to the other.
STI, at this point of time, base on TA, as long as it stay above 3288 and at best above FIBO 161.8%, there is still a chance of her to test last year high. Beside that, watch the China indices movement plus what I always use to say - respect and knowing who is the big brother. As he sneeze everyone feel the........... On top of that, a few things to watch out like Ukraine.......and of course the interest rate.
Look at the STI chart, what did you see? How many opened high closed low candle sticks were there? Longer tails facing upward especially yesterday with a addition of big red body. It showed that the big boys pushed the index up in the morning and after that they did a so called "profit taking". When is this going to stop or where STI is heading towards.
We saw NADSAQ and S&P broke new high. And DOW too, only it did not manage to close at new high. So what happen to STI? Remember I said that recently STI followed China indices much closer instead of US indices? Look at recent China indices. What happened to them, up or down?Down, isn't it?
Remember what I said about US indices when it correction took place? http://achua138.blogspot.sg/2014/08/last-thursday-dow-dropped-300-over.html "Just ask yourself, you want/plan to enter when DOW stay above 17000? If you no, I no, fund managers no....then how? Yes, you need the index to come down, isn't it?". In that post, I also mentioned to watch the resistant level that I drew on the China and Hang Seng charting. From here, you can see funds moved from East back to the West. So when the funds coming back to the East again?
When the big boys earn enough profit, they will definitely move their fund to somewhere else. Whether to Eastern stock market, commodities..........or gold, we just need watch closely on the product movement that you are trading. US indices are on the high side again. So, watch careful when the fear wave comes in. That is the time where the funds start to move from one place to the other.
STI, at this point of time, base on TA, as long as it stay above 3288 and at best above FIBO 161.8%, there is still a chance of her to test last year high. Beside that, watch the China indices movement plus what I always use to say - respect and knowing who is the big brother. As he sneeze everyone feel the........... On top of that, a few things to watch out like Ukraine.......and of course the interest rate.
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