24 Apr '11, 2pm

STI Shrugs Off Recent Correction; Builds Base To Retest 3-year High: The March low at 2920 for the Straits Times…

STI Shrugs Off Recent Correction; Builds Base To Retest 3-year High: The March low at 2920 for the Straits Times…

The March low at 2920 for the Straits Times Index turns out to be a correction and consolidation level. In fact, the March correction when viewed on the weekly chart reveals a base-building that could be part of preparation to visit 3-year high levels at the 3300 range. View Full-sized Image Japan disaster turns out to be opportunity for bulls Under scrutiny at the daily chart level, the entire mid-February to late-March period also prints a W-shaped chart pattern that chart readers recognize as a double bottom. Although such a pattern should typically be found at bottoms and should be read as a reversal pattern, we could interpret it as a continuation when the backdrop is a larger picture of price movement over multiple-years. Technically, we could see the 3250-3313 range re-visited by the STI. At that time, it might be good for another update. View Full-sized Image W spe...

Full article: http://www.sharesinv.com/articles/2011/04/24/sti-2011-ret...

Tweets

Unemployment dips to 3-year low

todayonline.com 01 May '11, 8pm

SINGAPORE - Singapore's unemployment rate reached a three-year low in the first quarter of this year - signalling a tighte...

Unemployment drops to 3-year low: SINGAPORE'S u...

straitstimes.com 29 Apr '11, 11pm

Job seekers filling out application forms at a recruitment fair. Singapore's unemployment rate dropped to a three-year low...