Custom Search

Tuesday, January 17, 2012

Where DOW S&P500 STI HSI Heading?

Wow! Mr Dorky posted 2 nasty comments at my blog today. Dorky either dun understand technical analysis or Stock Market Forecasting or how to use/apply them!

As I have already highlighted, my "STI Open Book" is not meant to be used for short term forecasting. Always look for confirmation of turning points.

Per my "STI Open Book", I expected STI to break the Oct 4 2011 low on Jan 12 2012 and hit a low on Jan 17 2012. However, inversion occurred since Dec 23 2011. And STI hit a high on Jan 17 2012. So guess what I expect will happen to STI next?

"Heaven will give 1.5 weeks notice". So add 11 days to Jan 6 2012 = Jan 17 2012. Add 8 working days (=1.5 weeks) to Jan 6 2012 = Jan 18 2012.

Ed Carlson, expert in George Lindsay Timing Models, posted his comments at my blog regarding my turn date of Jan 6 2012. He said he expected this bear market rally to end on Jan 23 2012.

Oops, my "STI Open Book" also indicates a high for Jan 23 2012 but because of inversion, I expect it to become a low. We shall see.

Look at the 4 Charts - DOW, S&P500, Straits Times Index and Hang Seng Index? Guess where the markets are heading next?

I'll be taking long a break until the markets confirm a bottom is in.

Trade with care, invest at your own risk!

Bookmark and Share


DISCLAIMER: All contents in this blog are for educational and informational purposes only and should not be construed as investment advice regarding the purchase or sale of stocks or any other investments. Please consult with your financial advisor before making an investment decision regarding any mentioned investments.
I assume no responsibility for your trading and investment results.
Abdul Munir | Daya Earth Blogger Template