October 20, 2014
Whatever reason you find, it is too late! The money has lost.
Bloomberg reported Asian stocks have returned from and advanced the most for the past 15 months on the bounced of U.S. equity after a four-week lost. Estimated the global markets could have erased off 4.3 trillion dollars. Together the world’s richest have also lost about 26 billion dollars on this stocks slumped. Wow!
What’s really the true cause to this recent downfall in the stock markets? We only see the results. But many analysts have reasoned the fall. If they know the cause, how come they could not prevent the fall? May be this is just like the western medical, and surgeon. They only determine your sickness when your indicators match the numbers. Their interest is to restore your ‘numbers’ (reading) back to the textbook number. When the numbers are back within the range; you are cured. Sad!
Let look at the Singapore stocks market, Straits Times Index, STI. STI went through the inverted Head and Shoulders, followed by double tops. Currently, the DT has broken the neckline. Where will the index stop, who can hold the falling knife. What next? Bull Trapped?
Inverted Head and Shoulders, Double Tops. Straits Times Index, STI October 17, 2014 Daily
Many months back, we will questioning on can the support work. See the chart and analysis done at that time.
Singapore Stock Benchmark, Straits Times Index, STI August 8, 2014 Daily
If you cut away the box that highlighted, you will see the analysis at that time, and the next level we thought. Although the level has broken. See the chart for your interest.
Cut away the highlighted box, the trend was correct! October 17, 2014 Daily
Read other posting:
1) What is the next likely level might hold the “falling knife” – ST Index
2) What’s your joy? Moses’ Stock Column
Reference to
Asia Stocks Jump as U.S. Futures, Crude Gain; Bonds Fall (Bloomberg)
Thanks for visiting the site, AmiBrokerAcademy.com.
Moses
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