STI for monday trading ...if you have bought on Wed 30 jun 10, you are rather safe.
My take is STI is rather resilient.
W% shows STI may head up. Price action shows it heading up. Acc/Dis show it gng strong. However chart pattern show that this might be a momentary up, so be cautious of downside move.
SIMSCI show the same description as above too.
In the US
Dow Transport (the leader of the leader)
Show signs of more down side action.
Dow INDU, NASDAQ and S&P 500 show the same too.
Having said that... these indices have been down for few days, and if the W% turn and price action is obey, one can long the market.So stay tune for the bargain hunt.
Disclaimer
Participate in any form of investing and trading activities can lead to substantiate financial loses. No presentation is being made that any account will or likely to achieve profits or losses. This research is purely for education purposes. Past results do not represent future performance. Hypothetical or simulated performance results have certain limitation. You should therefore carefully consider whether such investment activities are suitable for your financial condition.
