Window Dressing
Window dressing lifted The Straits Times Index at extremely thin volume. The index is now retesting the resistance at Line B. A break above Line B will bring the index to retest the last significant high at 3,313. U-turn from here signal the likelihood to retest support at Line C.
The Index closed with a Doji candlestick today. A doji at resistance after several days of successive gains cast shadow on the stamina of the uptrend.
The Index closed with a Doji candlestick today. A doji at resistance after several days of successive gains cast shadow on the stamina of the uptrend.
Labels: Market Direction
posted by Market Wizards @ December 30, 2010
Comments: 0
