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The website uses powerful charting software AmiBroker.
Look left and think right.
When you trade you must have good reason for your buy or sell. Especially in the current market condition, you definitely must find as many good reason as you can to support your trade decision and strategy.
Picture Worth a Thousand Words
Do not matter how all the guru speculate, the chart tells its all. See chart for more!
Singapore Stocks Straits Times Index
It is good to look at the chart for clue than hear the gossip from market. True! True? See the Straits Times Index for details.
If you recall our earlier analysis on China stock market, Shanghai Stock Exchange Composite Index only started the declined in mid June. However, from the chart you can see Straits Times index, the first declined started since mid April 2015 and followed the bigger descend after mid July 2015.
So, while everyone worry about China, why not look at own market like Singapore stock market.
Of course, China is now have weighted in the world economy.
September 10, 2015 Straits Times Index
Look Back
If you will look back,China only starts the roller coaster down from mid June 2015. However, STI has started drifting south since mid April, 2015. The bull try to fight back in July, 2015 but just too weak to move north. The bull get run over by the bears.
So, do not just join the gossip that China lead the down turn. Picture worth a thousand words, Singapore economy has already showing weakness well before the China bear stepping over STI.
Source: Picture from Internet.
September 10, 2015 China Shanghai Stock Exchange Composite Index
Thanks for visiting the website.
Moses
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