27 Aug '12, 6pm

Sideways movement confirmed for STI

Last week, STI experience a week of wild swings but it resulted in closing 11.62pts lower for the week. A mixture of positive and negative set of news was being reported over the week. Reports of introduction of QE3 funds are still being speculated during the week but the market did not react positively this time round. Various gap down actions was seen last week as there were numerous days that STI reacted to the strong negative closing by DJI on the previous nights. Participant of the market seems to be very uncertain for the whole week the trading volume started to be thinning again. Hence, STI closed at 3050 level last Friday and refused to trade below the support level of 3040. DJI closed with a strong positive note of 100.51pts higher. How will STI perform for this week? Is STI …

Full article: http://thefinance.sg/2012/08/27/sideways-movement-confirm...

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