Friday, November 20, 2009

STI Shooting Star

Finally, the candle I was waiting for! A shooting star!!!

Indeed, STI went near 2790 before reversing... If only I was so accurate in my buys as well for Ying Li :(

A shooting star is a bearish reversal single candle. And happening at the point where the 5th of 5th wave is supposed to be?

It would be good for STI to close a little lower than today's open to confirm the white shooting star candle for a definite reversal.

Year end rally coming? Doubt it.
2745 will likely be visited again.... And broken... For intermediate B of Primary B downwards....

Update: Distribution looks to be going on... Be careful of new longs.

No comments:

Post a Comment

Please Comment >>