For a trader, winning is extremly dangerous if you haven't learned how to monitor and control yourself.

The Secret Recipe: Trading Success = Winning Trading System - U


Thursday, November 3, 2011

STI Testing 2780 Support Again

STI is not as bullish as I expected. It forms an inside bar instead, was contained within yesterday's trading range.

The US dow futures dropped 152 points at 11616, and FTSE dropped 86 points to 5396, as I'm writing now(3.48pm), put much downside pressure on STI.

STI yesterday gaped down below 2780 yesterday on open and rebounded above it, today it gaped down again at open, and from 2801driftingdown towards 2780support( 2780 is the neckline) ,thus if 2780 can't be hold, I will have to change my bullish view to bearish.

No comments: