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Thursday, November 19, 2009

STI Move up but weak volume

i mentioned a few times in my early post dated 29, 26, & 15 in Oct to patiently wait & see its trend direction. i had even mentioned that i prefer the sti to break 2745 and i lack of confident that sti can move uptrend. Above chart show everything about my thought, it break 2745 and volume continue to be weak. So far only bank counter which listed under sti component had performed well and at it peak now. Better watch out !!
Non sti component counters so far are not performed well, indeed many of them their RSI indicators are weak.
If nothing worth trying, then i think it is better to do nothing.
Cheers

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