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Friday, February 27, 2009

STI Underperforming Region!

Alamak! Why like that?

Both Amfraser and UBS commented STI had been underperforming the region.

According to Phillips Securities Research, STI tracks the CRB index quite closely. When CRB index drops, so goes STI!

So I decided to do some research to see where CRB and Oil are heading.

One Financial Astrology Expert say:

  1. CRB should rebound into March to test 20 year support/resistance level 250 or more into March 30 cycle date.
  2. Oil is likely to move up into next cycle high of March 9, 2009.

Hahaha, good news is yesterday Oil rebounded and CRB was up by 5 points but bad news is STI ????

Maybe STI waiting for Dow to break 7500 before launching a "Sharp and Scary" rally lor!

Monitor the Regional Indices closely, especially Nikkei and Hang Seng Futures. Nowadays, all seems to be able to predict Dow direction! Or is Dow tracking Asia now!


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