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Sunday, September 23, 2012

The Straits Times Index

The STI rose 89 points from the last doji on Sept 6 ( 2,989 ) to the latest doji on Sept 21 ( 3,078 ). Dojis are usually important chart point especially at strategic locations such as morning star or evening star. The previous doji was at morning star position and thus the STI has risen 89 points. The latest doji is not quite in the evening star position but "Trend Expert" has turned bearish ( short-term ) so the combined effect warrant some defensive actions. 

Trend Expert has turned color to green signify short term weakness