Using the FSSTI as an indicator, the end of 1st week and start of 2nd week of the Oct 2012 seem volatile. From a high of 3110.86, it fell to a low of 3021.92. After that, the sideway range is just killing everyone. For those who monitoring Keppel Corp and SembCorp Marine, you would know it. Cheap become Cheaper.
On 8 October, Keppel Corp closed at 11.460 . On 9 October, we discussed and uploaded on my blog, divergence spotted and weakness lies ahead for Keppel Corp. 1 Nov 2012, it closed at 10.560 (marginally below its 50% retracement level of 10.585).
FSSTI
28 September 2012, FSSTI closed at 3060.34. 4 October 2012, we discussed that there are two resistance gaps (3001 - 3108, followed by 3130 - 3178).Failure to breach above 3108 and the subsequent crossing below 2975, signal deeper pullback. 5 October 2012, ......
