One Chart A Day - 20/10/08 from HIM.com.sg

The following is obtained from one of the membership site recommendation over the last two weeks trades. Only my customers will receive the real time recommendation.

SGX (04/09/08)


 

SGX may be on its way down again!
1)  STI has just broken to new recent low and that SGX is always a mirror action to the index.
2)  Price is now below both MA21 and MA63.
3)  MACD is now below both its moving average and its 0 line.
4)  ADX is below 20 and is poised to move up soon, indicating a new trend may start soon.
Suggest to sell when SGX breaks below 6.07 and place a stop at 6.48.

As at today (20/10/08) SGX is traded at 5.39  (sold at 6.10 on 04/09/08), we decided to cover back our short position today and profited 0.71  (6.10- 5.39 OR 12%)