Invest
Straits Times Index in symmetrical triangle formation.
By Jay Chia - Your Financial Mentor  •  November 18, 2013
Straits Times Index in symmetrical triangle formation.

Straits Times Index in symmetrical triangle formation.

It was a week of ups and downs for Straits Times Index as a mixed stream of good and bad news happened during the week. The week started with a slight rebound which helped STI to recover above 3180 level again. But this rebound was short-lived as the market reacts to the worries of possible changes in the economic situation in China. This lead to further falls on Wednesday as China and Hong Kong market went into deep red. However, over the night, reports were flying off-shelves that Dr Yellen, the possible upcoming Fed chief, will prefer to keep the current economic package intact. This lifted the worries of future tapering of the economic policy and sent regional markets rebounding. STI was able to be able above 3180 level after hitting a low of 3163 level on Wednesday. On the last day of ...

...
Read the full article
By Jay Chia - Your Financial Mentor
LEAVE A COMMENT
LEAVE A COMMENT

Your email address will not be published.

*

Your Email Address will not be published
*

Read More Articles
More from thefinance