Legend For Phase Chart:
1: Recovery-1: Warning
2: Accumulation-2: Distribution
3: Bullish-3: Bearish

Wednesday, June 11, 2008

STI Update



STI is suffering from another round of Bear attack. The index is now back to “Bearish” phase.

The index has stayed in “Bearish” mode for 5 trading days now. Let’s hope it can move out of “Bearish” mode soon.


The index is now below both the 50 day and 200 day moving average of 3154 and 3303 respectively.

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