The STI has acknowledged its 200 week moving average last week by testing and
bouncing off it. The STI closed near its opening last week, forming a “doji” candle
indicating that the market is undecided. In this “undecided mode”, a close higher than
last week’s high might indicate a shorter-term upward move is due, whilst a close
lower than last week’s low would indicate a continuation of the downtrend. For this to
happen, we want to see the market close higher than 2755 (last week’s high) or lower
than 2688 (last week’s low) by this Friday.
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yeah! its much better,