2014 STI Chart Review

Tomorrow is the 1st trading day of STI, to guess where it move its meaningless to me. Usually end of year there are many prediction or forecast for stock market by broker firms or professionals just like 2013 talk about where STI will go on 2014 . How many can hit the mark? It doesn't matter.

Where STI will go is not important, what are you going to do when you see the move of the stock is much more important! The action you take determine your profit and loss. Take STI last year (2014) as a stock chart, what will you do if this year "repeat" itself?

On 2 Jan 2014 form an Island candle stick when next day Gap down long bar sign of weakness. Broke support on 23 Jan 2014 show exit signal, gap down next day confirm the down trend. We do not know when the rebound start until Gap was filled, active trader see opportunity enter early. 11 Mar 2014 met resistance retrace, test support twice rebound break resistance trend line, buy signal.

24 Apr 2014 met resistance pull back test support, rebound break resistance, retrace and test support again and so on... 31 Jul 2014 intra day high 3387 point next day Gap down Sell Signal! Rebound and test resistance twice but failed broke support trend line on 15 Sep 2014 Sell Signal again!

Deep correction broke several support form lower low, active trader look for rebound opportunity to enter and exit when reach target profit or sell signal appear.

Well I say is easy, to take action is difficult, that why trading is not an easy job to do. Preparation and timing is everything!