StraitsTimeIndex

STI moving sideway trend for 2 weeks. My view on STI if a break and stay above 2800 most probably will see STI to retest 2900, 2940. A closed below the 20 MA will see more selling in the market. Short term Downside support at 2680.

PowerShares DB US Dollar Index

What is UUP?
The Powershares DB US Dollar Bullish Fund (Symbol:UUp) is based on the Deutsche Bank Long US Dollar Index future Index.
This ETF track the US Dollar strength against currencies like Euro, Japanese Yen and British Pound etc.

Head & shoulder pattern in formation on UUP??? A breakout above 23.30 neckline level with volume will confirm the trend reversal.

Proshares Ultrashort FTSE/ Xinhua ETF

Proshares Ultrashort FTSE/Xinhua ETF can be find in Nasdaq. Complex head & shoulder pattern reversal on this ETF. High volume confirm reversal during the breakout on the neckline as seen. My view..

Chart Pattern

Just to share some of my view on trading chart pattern

Some of common reversal Chart Patterns

• The Head & Shoulder tops and bottoms
• Double Tops and bottoms
• The triple tops and Botom

6 Primary Points Common to All Reversal Pattern

1. The existence of a prior major trend is an important prerequisite for for any reversal pattern.
2. The first signal of an impending trend is often the breaking of an important trendline.
3. The larger the pattern the greater is the price movement potential.
4. Topping patterns are usually shorter in the duration and more volatile than bottoms.
5. Bottoms usually have similar price ranges and longer to build.
6. Volume is usually more important on the upside.

ISHARE Silver ETF

Ishare Silver ETF which track the silver price movement.
This can be find on Nasdaq. Head & shoulder detected on this chart, the blue line act as the neckline. A break below 16.50 may reversal of the trend. My view.

Chart Pattern - Workshop

Do you know that knowing Technical Analysis Chart pattern will INCREASE your Winning Odds in the stock market. By knowing how to trade chart pattern effectively will give you a Winning Edge compare to other retail investor.


I will be conducting Trading Chart Pattern seminar. If u want to learn and find out how will this help in your trading, I will be most welcome all to join me in my seminar.



Course Outline:

• Introduction to Chart Patterns


• Applications in stock market


• Recognize Reversal & Continuation Patterns


• Confirm These Two with Two simple Indicators


• Apply to Singapore Stocks


• Setup Charts Pattern with ETET

Option 1: Wednesday, 6 Jan 2010

Option 2: Wednesday, 27 Jan 2010

Time: 7pm to 10pm
Fee: S$10 Venue: 1 Sophia Road, AAT Training Centre, #04-04, Peace Centre, Singapore 228149

Registration:

By sending email with your full name, mobile, option and subject tittle "Chart Pattern" to soonhua@aatcourses.com

By SMS to 98633426 stating name, email, option and workshop code "Chart Pattern"

HangSeng

Personally, i do not like the way HangSeng is moving recently.
HangSeng doing lower high and lower low on the chart. Could mean that it is on short term retractment. STI have yet in retractment mood. Therefore trader on long side should be caution. Always set a trail set when the market turned against u especially when in profit. My view..