Friday, November 18, 2011

STI Falling 3 Peaks - History Repeats?

A picture is worth a thousand words!

Did you notice the Straits Times Index has a Falling 3 Peaks Pattern?

Falling 3 Peaks Pattern is also found in the Hang Seng Index, S&P, Nasdaq, etc.

Hang Seng Index broke/close decisively below the lowest of the 3 Peaks' valley, you saw what happened?

Did DOW, S&P500 and Nasdaq break/close below the lowest valley last night?

Watch for Straits Times Index to break and close below 2754, the lowest of the 3 Peaks' valley, then see what will happen?

Watch the Possible Repeating Pattern? History Repeats?

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