Outlook for 17 Dec 2007

Currently, we are below the downtrend lines ( Grey ) in both charts. Holidays are around the corner so weaker volume ahead. 50, 100 & 200 MA look like joining together soon.

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.

Outlook for 26 Sept 2007

Looking at the trading Volumes, Sell volume are getting stronger. Do keep track of the trading volume in the next few days, a reverse may happen as we moving toward historical high. We need a strong buy volume to break these levels.