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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.

1/26/2011

Breakaway candlestick

I have started my Qi Gong routine again as a way to counter the hypertension issue. It has been some time since I did this. due to time constraint, I focus on the big and small heavenly circle with the whole body "massaging" (done by myself). I am not too sure of the result yet.

One more thing I noticed is that the blood pressure on my left and right hand is different! The right hand's pressure is about 10 steps higher than my left, so which should I trust?


Fig 1 STI Daily Chart

Speaking of STI, my update last night was a flag with downward pressure. It seems that STI is not yet ready to go down. The up-ward movement today formed a Breakaway pattern under candle stick. The only short fall of this pattern is that you need confirmation. So we need STI to go higher tomorrow.

The move is supported by the up-thrust of the indicators, both RSI and Stochastic are heading north, most likely this time, they don't want to show divergence.

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