Thursday, April 14, 2011

Will US affect STI performance?

After i sold off my stocks last week, i was watching patiently to see whether STI will continue it's run. The global situation may play a part in it's performance. Let's take a look at S&P.


The double top looks scary for me and the PPO triggered a 'sell' at the moment. It's a bearish chart, most likely will break the MA(50). If there is a major correction in US, what will happen to STI?

Will STI hold well because of the May's election? I will do a proper analysis on STI chart on the next few days.

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