A humble student of the STI market. Disclaimer: The postings on this blog are personal views and are in no way an inducement to buy or sell. Before acting on any information on this blog, you are advised to consult your professional advisors.
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Wednesday, 25 April 2012
Update on yesterday's Dow and S&P
Above is the Dow chart... look at how it bounced nicely off the trendline again.... Shows the uptrend is strong but testing the same line too many times will cause it to fail eventually.. Dow needs to close above 13050 20ma tonight. Currently it is at about 13030 which isn't far off.
The S&P varies however, when I draw the trendline. It looks as if the line has broken and the support turns to resistance (about 1376 tonight).
Hence, it really is reliant on Apple's results later tonight, to determine the mood tomorrow..
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