After moving down to its support level at 1.21, it has moved up slightly to 1.24 on Friday, look like it may be making a reversal.With DJI moving up on Friday, STI may follow on Monday and Chartered stands a good chance in moving up as well.
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Hate to disappoint and disagree with your views...the bears are in control right now in the weekly and daily charts. Never anticipate and from the ADX(8) and DMI(13) settings, the bulls will need some time to gain control...go and buy this book by Dr. Charles Schaap "ADXcellence" and he says this and 20EMAs are the only indicators he uses for Power Trends trades.
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