Let’s see… NOPE! Nuff said. U guys know by now what that means right? Come on don’t disappoint me 
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Did STI gap cover?
Posted by CharlesMing on March 25th, 2009 11:07 pm Published in Technical Analysis
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6 users responded in this post
i will try…. Black hanging man (but shadow not really 2x body) at 100MA resistance. Indicates a bearish reversal at 100MA which is a strong sign that market may turn downwards. Confirmation will come if tomorrow’s MacD is red. Blue and red MacD lines cannot recall.
MFI at almost 80% making a possible trend reversal. Stochastic above 80% which is over brought region, blue line crossing red line downwards …. Ah, forgot my CIS, notes in office
Pink parts are gaps which candle must cover to continue downtrend. If sti does not cover gap and head back up, than a minor is form at the respective gap
so short positions can only be entered after the end of today’s session upon confirmation?
koori, based on TA, yes. or you if STI is below 50MA at around 1600 today, can try to take some tikam shorts.
hmm, better wait for expert to comment.
Hanging man.. maybe. But doesnt mean it will turn down. It needs to close below the previous closing to sorta confirm the candle. it did not today.
MACD is blue line, red is signal line. It is simply a MA of the MACD line, if i remember correctly.
3rd gap is an exhaustion gap. Still refused to close. Another breakout tody. Next ultimate resistance is 1780. Markets are all extremely overbought of course.
i have this idea the BBs are pushing the prices higher. i have an opinion over why they might be doing so but let’s see. Very little sellers today as well. As it has been allw eek.
koori short signals have been getting violated. Bearish candlesticks has no followthrough, this is rather bullish. Plus resistances have been killed one by one. i do not expect this to be typical of a wave 2 rebound though. Very strange.
Super duper bullish. The bullish div on the weekly chart came into fruition so quickly. The div will come to an end when a retracement forms a higher low. And our low at 1470 is quite far down LOL.
Btw have u all ever thought why there might still be short covering? imagine this scenario. Bears enter short at resistance, when it gets violated they need to quickly close too, creating more buying strength.
I see a lot of bears lick their wounds, some are bleedning to death and are waving white flags already. ie.. giving up.
The bulls had their chance to be whacked up down left right. Now it is the bear’s turn I reckon. Oh well.
Dow up another 174.75 pts last nite. have no open positions. but if have, will take some profit today. just a gut feeling…
hehe.. wait for confirmation loh..
anyway today isnt a day to enter, regardless of wad happens. wait for confirmation ba.
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