It was a short trading week last week due to a Good Friday holiday for most markets. Above is a weekly chart of the STI. I titled this blog 'spinning top' because last week's price action resulted in the formation of a spinning top. (A spinning top is a candlestick formation with a short real body). It indicates indecision in the market. The STI has been closing higher for the previous four weeks, but last week, the bulls and the bears were about evenly matched so that the STI only closed marginally higher that the previous week. The trend is still up, but i suspect we will see some consolidation next week.
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