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Web thoughts-denzuko1.blogspot.com

My Charting Blog

It is interesting that I start off this Blog when the Singapore Stock Market is heading south. However, this makes it more interesting for me to write on as the market turned volatile. My interest is Technical Analysis, TA for short. I love to look at charts and predicting where they are heading. This blog is or me to record my thoughts on the market. The articles on this blog are based solely on my personal opinion on the charts that I read and readers should not take it as absolute.

3/06/2010

STI weekly Chart Development

Okay, STI finally moving up, not exactly a spectacular step. But what would you expect on a counterwave pattern?


Fig 1 STI Weekly Chart

Now looking at its pattern, there are 2 things that I can say. Firstly, it is in the process of creating the C of B wave. Secondly, it is just out of a flag and completing its objective. The objective that I see now is 2,868.

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