Still no break out in sight.
Straits Times Index
Monthly Archive for August, 2006
Page 3 of 4
Another week of non-action and waiting. Break out is not convincing. I had just brought into First State Regional India fund in anticipation of a rally.
BSE Sensex
Still anticipating that elusive breakout.
Nikkei 225
Still tsting the resistance at the previous neckline at 1300. The likihood of this rally failing increases each day.
KOSPI Composite Index
The long term in the Straits Time Index
A lot had been said of the value of by and hold in the long term. Many investment book in the market talk about the US market, so the example commonly encountered is the Dow Jones Industrial Average (DJIA).
Take a look at this long term chart:
The continuous long term up trend is easy to see. Despite some major interruptions the buy and hold strategy offered excellent rewards over the years. (If one had brought during the peak of 1930, it would have taken over 25 years to recover the initial capital),
How about the Singapore market? Take a look at the Strait Times Index (STI).
Continue reading ‘The long term in the Straits Time Index’