Technical Analysis
STI: Wolfe vs Harmonic
By Stock Market  •  September 12, 2013
Looking at 11 Sept 2013 STI performance, it was mainly trading in the negative zone. Although it did opened higher, but the upside was short-lived. As shown on the 5-minute chart of STI, the upside occurred within the first 10 minutes of the trading day. After that, it was just (progressively) going down.  As of now, and as mentioned in our previous discussion, the route to 3300 level remains relative intact, unless....
Perhaps this may be the reason why I woke up this morning at 0344 hours to take a look at the STI chart. Or perhaps I am suffering from an anchoring bias. Hahaha.



Although I haven't met Mr. Bill Wolfe or Mr Scott M. Carney before, I would assume that both are different individuals. For information, Mr Wolfe is well known for his Wolfe Wave patterns and Mr. Carney is well known for his Harmonic Wave patterns. ......
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By Stock Market
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