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

Wednesday, September 23, 2009

STI Updates




We are halfway through the month of September. The correction that most people are anticipating is nowhere in sight.

The phase chart for STI is still in "Bullish" phase. The strategy now is still buy on dips and to stay with the bullish uptrend.

So long as the 50 day moving average is not broken, the market should still be on an uptrend.

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