Straits Times Index Archives - Page 4 of 4

October 10, 2011

India Sensex and Singapore STI

Bullish divergence on India’s SENSEX 13-week Twiggs Money Flow suggests a double bottom reversal. Breakout above 17200 would confirm, signaling a bear market rally with a target of 18600*. Note that the primary down-trend would remain downward.

SENSEX

* Target calculation: 17200 + ( 17200 – 15800 ) = 18600

Singapore’s Straits Times Index recovered above short-term resistance at 2650 after a sharp fall over several weeks. We could see a bear market rally to 2900, but the primary trend, as signaled by declining 63-day Twiggs Momentum, remains in a strong down-trend.

Straits Times Index

* Target calculation: 2700 – ( 2900 – 2700 ) = 2500

October 3, 2011

India Singapore weak

The SENSEX is headed for another test of support at 16000. 13-Week Twiggs Money Flow holding below zero indicates a strong primary down-trend. Failure of support is likely and would indicate a down-swing to 14500*.

SENSEX Index

* Target calculation: 16000 – ( 17500 – 16000 ) = 14500

Singapore’s Straits Times Index has already broken support at 2650, warning of a down-swing to 2300*. 63-Day Momentum declining while below zero also confirms a strong primary down-trend.

Straits Times Index

* Target calculation: 2600 – ( 2900 – 2600 ) = 2300

August 22, 2011

India Singapore short-term support

The Sensex rallied Monday but on light volume. The sharp fall on 21-day Twiggs Money Flow below zero warns of strong medium-term selling pressure and support at 16000 is not expected to hold.

BSE Sensex Index

* Target calculation: 16500 – ( 17500 – 16500 ) = 15500

Monday’s long tail on the Straits Times Index also indicates short-term buying support. The sharp fall on 21-day Twiggs Momentum indicates a strong down-trend and support at 2700 is expected to fail.

Straits Times Index

* Target calculation: 2800 – ( 3000 – 2800 ) = 2600