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Friday, August 5, 2011

DJIA - Head and Shoulder Chart Pattern

By now, it is clear that I was completely wrong on my bullish view of STI but on the other hand I was completely right on my bearish view for DJIA. I guess when STI and DJIA show an obvious divergence, I should have taken DJIA instead of STI.

Judging at the way the Dow has tumbled, I think the world is heading for a storm similar to the 2008 financial crisis.