Tuesday, March 18, 2008

Market Updates




The KST chart for Nikkei 225, Dow and Singapore STI are showing the same down trend pattern.

There seems to be a cycle pattern in this KST indicator. The time in which the KST (Red line) stayed above the 8 day KST exponential average (Green line) is approximately the same as the time in which the KST stayed below the 8 day KST exponential average.

For STI, the Red line stayed above the Green line for 13 days. If the cycle repeats, we are looking at the Red line staying below the Green line for another 12 days.

But do note that the trend for all 3 indexes is still down.

No comments:

STI Sideway To Bearish Tone

US market had a bad closing last night.  Dow plunged by 243 points.  It seems like we are seeing more volatility recently.  With earnings...