Monday, June 14, 2010

update on STI



Good afternoon, here is a short comment on the STI. Trading volume over the past 4 weeks has been anemic. Middle term trend of the STI, as shown by the moving average line, is now flat. Momentum, as shown by the MACD line, is still down.

So what we have is still a mixed picture. I guess it would be prudent to wait till some trend emerges from this muddled picture.

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