Trader stock market trend (bull or bear) is set by stock market trader's sentiment, fundamental (economy) and technical (TA) analyses. Trader's stock Market Trend Headlines also affect the market sentiment to invest or sell stock!
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Monday, October 18, 2010
SSE RSI Overbought - Can Ignore?
Seems to be repeating April 2009 to End July 2009 RSI above 80%. In a secular bear market, but bullish market trend for short to medium term (next 5 or 6 months). If no major market trend reversal, equity markets will likely continue to power ahead strongly... Will need to re-align higher TOPs for this year! STI was projected to hit 3500 by equity market analysts. SSE - 3800? SPX - 1500?
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