Sense & Guts - Technical Analysis Headline Animator

Sense & Guts - Technical Analysis

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What is Technical Analysis?

Technical Analysis is the forecasting of possible future price movements based on the past or historical records. Like other forecasting methods, it is using the past to determine the possible future, although the result may not be 100% accurate but it helps investors to anticipate what is the possible price movements ahead.

Technical Analysis is used by many investors and fund managers. It helps them to determine the trend of the market and individual stock, as well as the timing for entry and exit in their investment.

Wednesday, August 13, 2008

Straits Times Index to fall from bottom trend line?

STI closed at 2816 on yesterday. With DJI falling more than 1%, STI is likely to follow. There a very good chance of it falling below its support (current bottom trend line) at around 2810. Next support will be at 2800 follow by 2746.
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