Investing with insight
Short term this could be the end of a strong run if the rally cannot go higher thus forming a double top. Support at around 12000.
The amazing long run up for the India market over the last 4 years could be taking a short break soon. But do not dismiss it yet.
BSE Sensex
Chart from Yahoo Finance
A quick rebounce to cancel the earlier dip. Uptrend is still intact. Resistance closer to 1500.
With the major correction in May, Korea is finishing this year nearly flat. The market however had performed tremendously over the last 4 years. Have you profited from it? I know I had.
KOSPI Composite Index
Chart from Yahoo Finance
Right shoulder did not form. Bullish trend still intact. Resistance closer to 18000.
Holding.
Nikkei 225
Chart from Yahoo Finance
Just noticed tht Yahoo Finance launched a Finance Module where you could customise content and post it on your blog like this one below.
Unfortunate you don’t get quote for other markets except US. But it seems like all these stuffs are made possible using APIs. (Interestingly the possibility of this was mentioned as early as 2000.) So it could be possible to access the wealth of financial information that yahoo has soon.
My days of capturing of Yahoo Finance stock charts could be numbered.
2 days late this week.
Singapore continues the run up with no stopping in sight. Last week was a long white candlestick (see weekly).
The market had been moving in an up-channel since late August and setting an all-time high along the way. The 3000 target is almost within reach.
Hope you had profited nicely from this run.
Straits Times Index
Chart from Yahoo Finance
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