Wednesday, December 1, 2010

STI update

I was away from posting as the market moved according to what i had posted earlier

Let's get back to current situation. It has formed the neckline of the potential H&S. The right shoulder has yet to be shown. A lot of experts had declared the market to be a 'slow bull'. From the chart above, it has the potential to drop below 3000 pts. But first, it must form the right shoulder. Anything is not confimed until it cut through the neckline.