Although the chart may not be updated, the views and opinions do not change.
FSSTI
(31 August 2012) We have discussed that the FSSTI Bulls have entrenched itself in the region of 3000 - 3015, defending any assault from the FSSTI Bears. FSSTI Bull seems to be buying valuable time for reinforcement to arrive (i.e. next upcoming corporate results? approval of EU bond purchase program?) or waiting for the Bears to be exhausted?
On 5 Sept 2012, the Bears seem to overcome the Bulls but the victory was short-lived. On 7 Sept 2012, FSSTI gap up to open at 3012.59 from the previous closing of 2989.26. It went on to retest the previous high of 3088 (17 Sept 2012), and currently is being supported at the gap level of 3030 -3060.
As we know that there are two resistance gap at this moment (3001 ...
...(31 August 2012) We have discussed that the FSSTI Bulls have entrenched itself in the region of 3000 - 3015, defending any assault from the FSSTI Bears. FSSTI Bull seems to be buying valuable time for reinforcement to arrive (i.e. next upcoming corporate results? approval of EU bond purchase program?) or waiting for the Bears to be exhausted?
On 5 Sept 2012, the Bears seem to overcome the Bulls but the victory was short-lived. On 7 Sept 2012, FSSTI gap up to open at 3012.59 from the previous closing of 2989.26. It went on to retest the previous high of 3088 (17 Sept 2012), and currently is being supported at the gap level of 3030 -3060.
As we know that there are two resistance gap at this moment (3001 ...
