trying to figure out the science and art of trading and investing

an exchange of trading and investing knowledge. the various postings in this blog are based on my personal opinion only and do not constitute as investment advice. The blog owner shall not be liable for any losses incurred by visitors who take investment action based on the postings.

Wednesday, February 22, 2006

STI - More Down Side?

Hummm.....a series of lower highs for the indicators. Today was a medium volume (1.18 Billion Shares Traded) slide. STI was down 15.57 pts (-0.64%) to close at 2427.89. A/D line is 195/345.

STI is sitting on the 20MA, looks like there is more downside than up (barring unforseen news) All the key asian regional indices are also down. Europe is down when i am writing this post. Wall Street Futures are unchanged pending some economic data today. Looks like the bear is going to show it prowlness as the bull goes into hiding.

Good Nite
SM

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