2006 June 04 | Gav's trading blog

Archive for June 4th, 2006

SIMSCI view ended 02-June-2006

Posted on June 04th, 2006 in Old blog archive

It does not look better even after last Friday’s rebound. SIMSCI futures is current stucked between support and resistance level. Immediate resistance level 289.5 while immediate support appears to be at 277.6 A downtrend channel is well formed.
An analysis on SIMSCI futures can also be found at Traderswin Futures Trading Blog.

From the desk of Tradergav.com

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Trend analysis : STI & UOB Sesdaq

Posted on June 04th, 2006 in Old blog archive

STI

To evaluate market condition , I am always examining trend characteristics. Short term group moving averages continue drifting downward and stay below long term moving averages. There was a minimal rebound at the end of last week, however, it is still below trigger line. Directional analysis wise, downtrend strength is staying flat, while negative index [...]

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