Market Diary:
World Indices:

Wednesday, July 14, 2010


The Straits Times Index

Three signs to be cautious about :
1. Prices have arrived at the left shoulder resistance

2. Hanging man candle at bearish star position

3. Volume divergence

Dow Jones Industrial Average ( DJIA )

DJIA hits trendline resistance:

Another US analyst, Colin Twiggs**, is bearish about the market, see link here.
** other than Robert Prechter


There is a buy signal from Point and Figure Chart. Current prices are still below the bearish resistance line. A stronger buy signal will emerge when prices breakout from the bearish trendline. Buy on dip: $1.78 ~ $1.80

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