General Market Direction

[Sense&Guts]

Technically, DJI, STI etc are currently at resistance and are showing sign of weakness. It is good to lock in your profit.

The next low that I've been waiting may be here soon.

[stockkid]

STI break assending triangle formation at abt 1860 overall trend still uptrend major sell down will only come in once assending triangle formation broke.

Resistance at STI 1950 tested 3 time fail to break . At current STI index advice wait for break down at 1860 or sell near 1950 Long above 1950 upside potential 200 dma abt 2050 if 1950 have been broken

Sense and gut for pic attachment do u think u can do a simplified version to post pic..

[Sense&Guts]

Hi Stockkid, you may go to "posting of images in the forum" under "General Support", I've wrote down the steps for uploading of images.

[Sense&Guts]

DJI has hit the resistance at around 8250 (top channel line) on 17 Apr 09 and closed the day with a doji. The price is currently still resistance by the 100d EMA as well. But breaking it, we may see the price moving toward next resistance level at 9060.

Next support will be at the psychological level of 8000 followed by 7840. Once support at 7840 give up its way, we may see it continue to move down to 7500 level.

[Sense&Guts]

STI is currently trading with the range of a channel with current top resistance at around 1950 and bottom support at around 1450. Base on the indicators, it has a higher chance of moving down, as in whether will it move down to as low as 1450? Base on current market sentiment, the chances is very slim. By looking at the transaction volume, looks like BBs are back. But If the strength continue to build up and break the 1950 resistance, next resistance is currently at around 2043.

Current support is at 1860 (Bottom Trend line).

[stockkid]

STI broke out of it's assending triangle formation.

The best price to get in should be abt 1680 to 1700.

Stay away from blue-chipsfor the moment.

[Sense&Guts]

Base on the SGI High Powered Setups, STI could have a short upwave which may reach the resistance at around 1942 before a bigger downwave come in.