Sunday, September 30, 2007

Outlook for 1 Oct 2007


I have some difficulty showing you the R1 vaule on the chart. For STI R1 at 3720 & R2 at 3810.
And Dow R1 at 14041 & R2 at 14200.
Please look closely at the red & green arrows showing the volume in the charts. There is also a divergence of MACD histogram & DJI index.
( Refering to Dow Jones) This month of Sept we made a 4.03% gain, the last time that a month of Sept with this good performance is in 1998. I believe that the month of Oct we will have a correction. Only time will tell.

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