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.

4/08/2010

DJIA finally copming down

Fig 1 DJIA Daily Chart

After such a long while, DJIA finally decided to come down. Even after it broke through the wedge, it remained defiance to its destiny and climbed further up.

However, the move yesterday seems to show that it is finally coming down. This is supported by the reversing plus divergenc eof both RSI and Stochastic.

The next support level is 10,827 and the 21 days moving average of 10,783.

Labels: DJIA