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68421-68440 of 69565
has been up with good gain last few days, so I think is normal for it to go into red but expected to be moderately
Looks like SARS coming
Only slight fever now. Hope it doesn't turn into SAR or worst bird flu :)
Peace
underwater liao, take profits!
Seems to be in profit taking mode
Not much movement today
today, sti index moving average crossover for P>MA10 >MA20 since the last 27 feb correction. Sometime, pple use it to buy
Maybe today will have a small pull back.... Dow last night was flat.
Bearish wedge is marked by decreasing volumes...
Pls take note of the overall volumes for the next few days. A strong break above 3220 thereabouts tomorrow will "destroy" this formation.
Pls trade with care
Volumes today not too bad! Hopefully it continues like this! Dow futures also positive!
According strictly to the picture, it shows a continuation pattern - downtrend.
Peace
Let's look at regional markets:
ASIA MARKETS
Asia stocks surge on Wall Street gains
Nikkei up 300 points; Shanghai extends record run
HONG KONG (MarketWatch) -- Asian stocks surged Thursday, rising for a fourth straight day on the back of Wall Street gains, with Japan's Nikkei Average climbing more than 300 points as Sony Corp. and other export-related shares gained after the yen weakened against the dollar.
Tokyo's Nikkei 225 rose 1.8% higher, or 301 points to 17,464.39 in afternoon trade. The broader-market Topix index gained 1.7% at 1,737.32.
In Tokyo currency trading the U.S. dollar was quoted at 117.51 yen, compared to 117.50 yen in late New York trading.
Hong Kong's Hang Seng Index ended the morning session 1.2% higher. The Hang Seng China Enterprises Index, or H-share index, which tracks Hong Kong-listed shares of China companies, was up 1.8%.
Around the region, Australia's S&P/ASX 200 gained 1.4% while Singapore's Straits Times Index was up 2%.
On the energy markets, crude oil for May delivery was up as much as 42 cents to $60.03 a barrel in Asian electronic trading. Oil rose 36 cents to close at $59.61 a barrel Wednesday on the New York Mercantile Exchange.
China's Shanghai Composite Index was up 1.3%, extending its rise after closing at a record in the previous session.
South Korea's Kospi Index was up 0.5% and Taiwan's Weighted Price Index rose 0.9%. In Malaysia, the KLSE Composite was up 1.3%. New Zealand's NZX-50 index was up 0.5%.
http://img223.imageshack.us/img223/7900/bearwedgets8.jpg
people, watch out for this chart formation.
Any views ?
Seems like punctured liao .....
tanglinboy, same view point as you...too high too fast...base from external market situations now, it should be dipping, not climbing...isnt a good sign to me...
seems like 2nd phase correction is too short, blasting up all the way....
STI seems to have found its support at 3220
I think so, given that the volumes today are high and the STI is near the day high
Ya. Used to be Uncle bull, now Grandpa bull.
Uncle Bull is back?