Tuesday, March 20, 2007

Market had a 2 days rally

Market rallied after a brilliant 112 rally by DJ. Thing to note today will be how the STI is looking now. RSI is at resistance, price chart has a short term symmetrical triangle. It must also be noted that from up 30s we finished the day just up 3 points. Index may be down but overall stocks made good gains. STI failed at the gap resistance and closed below 50MA. I be interested if 50MA starts to support STI. Should we head down, given the high volatility, smelly smelly a minimum of 50 points decline. Down is always faster than up, simply because humans are driven by fear.

After 2 days of blank, finally I have stocks on my XPertTrader system! hehe

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