What Can We Learn From The History?
Many experience traders will tell you human memory causes the history to keep repeating. Let scan the Straits Times Index data and makes some analysis.
Picture Worth a Thousand Words
In trading, everyone read the same chart, but the results are always different and the history will continue.
See the chart for your own takes, the following are just some of my views.
Moving Average Convergence Divergence
You may realize the website here like to use MACD indicator. Yes, MACD provide you an early warning in change of direction. Of cause, all setup may fail, just like traffic light may not turn red; the traffic continue to flow.
Have fun!
Scenario 1: Straits Times Index Weekly History Data from December 1995 to April 1999
Straits Times Index Weekly History Data Between December 1995 to April 1999
Scenario 2: Straits Times Index Weekly History Data from July 2006 to September 2010
Straits Times Index Weekly History Data from July 2006 to September 2010
Scenario 3: Straits Times Index Weekly History Data from April to August 2015
You may spot on, it is still too young. If you are looking for true reversal, you have to wait, and wait long long.
Straits Times Index Weekly Data From April to August 2015
Thanks for visiting the website.
Moses
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