Market Diary:
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Sunday, September 30, 2012

The Straits Times Index

The STI is trading between two converging lines - the resistance line at 3,088 and an uptrend line with three touches. As the two converging lines approaching the apex, it has to break one of them.  I tend to incline the breaking of the uptrend line ( circled ), which has bearish implication. This may coincide with a new MACD dead cross. We shall see as the market unfolds...