Tuesday, October 25, 2005

STI - Today


So, the STI looked like yesterday, exhibited a downtrend after early rose. It managed to gain 4.13 pt (2222.6). The tail end pattern isn't look good at all with all TA indicators bearish.
With a big gain of DOW and Nasdaq yesterday and yet STI today wasn't impressive at all today ;what could be expected from our market soon? Looking at the bearish USA Futures figures now, I reckon that the party for USA is having a hangover. Thus expecting a give back of some of what DOW/Nasdaq gained yesterday. Folks, look like there are many hard days ahead of us. That is, that we have to endure more pain to see the gain in the future. From, experience ,I would not be surprised that many already so fearful and had quited all positions!!!

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