Swin Volatility trading - SIMSCI 30-June-2005

SIMSCI Futures 30-June-2005
Last trade date: 29-June-2005
Last trade (July contract): Open 263.2 , High 263.5, Low 262.4, Close 262.5
Last position: Short July Contract 263.6, Open.

Below signals were generated by Swin Volatility system. Trading scenario based on 1 contract transaction. Open position will only be closed on next opposite trading signal.

Signals:
SIMSCI JULY Contract
Buy Stop 263.7
Sell Stop 261.2

Please refer to Track Record for position held.
by swin

Swin Volatility trading - SIMSCI 29-June-2005

SIMSCI Futures 29-June-2005
Last trade date: 28-June-2005
Last trade (June contract): Open 262.6 , High 263.0, Low 261.8, Close 262.6
Last position: Short July Contract 263.6, Open.

Below signals were generated by Swin Volatility system. Trading scenario based on 1 contract transaction. Open position will only be closed on next opposite trading signal.

Signals:
SIMSCI JULY Contract
Buy Stop 264.6
Sell Stop 260.6

Please refer to Track Record for position held.
by swin

Swin Volatility trading - SIMSCI 28-June-2005

SIMSCI Futures 28-JUNE-2005:
Last trade date: 27-June-2005
Last trade (June contract): Open 263.4 , High 264.2, Low 261.8, Close 262.0
Last position: Short July Contract 263.6, Open.

Below signals were generated by Swin Volatility system. Trading scenario based on 1 contract transaction. Open position will only be closed on next opposite trading signal.

Signals:
SIMSCI June Contract
Buy stop 263.8 (Maintain current Long position or add on Long position if no position is held)
Sell stop 260.1( End Long position and add Short position)

SIMSCI JULY Contract
Buy Stop 264.1
Sell Stop 260.2

Please refer to Track Record for position held.
by swin

Swin Volatility trading - SIMSCI 27-June-2005

SIMSC Futures 27-June-2005:
Last trade (June contract): Open 263.5 , High 265.1, Low 263.4, Close 265
Last position: Long June Contract 262.4, Open.

Below signals were generated by Swin Volatility system. Trading scenario based on 1 contract transaction. Open position will only be closed on next opposite trading signal.

Signals:
SIMSCI June Contract
Buy stop 266.6 (Maintain current Long position or add on Long position if no position is held)
Sell stop 263.3 ( End Long position and add Short position)

Execution: Sell stop order was triggered. June Contract sold at 263.3. No new position for June contract.

SIMSCI JULY Contract
Buy Stop 267.2
Sell Stop 263.6

Execution: Sell stop order was triggered. Sell short at 263.6 , status open.

Please refer to Track Record for position held.
by swin

SIMSCI Cash Index 27-June-2005

SIMSCI Cash Index 27-June-2005: From both weekly and daily chart, MACD and MACD-H are ticking up. Weekly directional system shows a trending, upward moving picture. Overall , no reversal sign is found in weekly. Current uptrend is still intact. From daily chart, 12-day Price ROC is showing some weakness by constructing lower highs.


by swin

Swin Volatility trading - SIMSCI 24-June-2005

SIMSCI Futures 24-June-2005:
Last trade: Open 263.0 , Close 264.8, High 264.9, Low 262.8
Last position: Long 262.4, Open.

Below signals were generated by Swin Volatility system. Trading scenario based on 1 contract transaction. Open position will only be closed on next opposite trading signal.

Signals:
SIMSCI June Contract
Buy stop 266.4 (Maintain current Long position or add on Long position if no position is held)
Sell stop 263.2 ( End Long position and add Short position)


by swin

SIMSCI Cash Index 24-June-2005: From daily chart, Index has successfully cross above resistance, and making new high. Uptrend is still intact.
by swin

Swin Volatility trading - SIMSCI 23-June-2005

SIMSCI Futures 23-June-2005:
Last trade: Open 261.3 , Close 262.8, High 266.5, Low 260.6
Last position: Long 262.4, Open.

Below signals were generated by Swin Volatility system. Trading scenario based on 1 contract transaction. Open position will only be closed on next opposite trading signal.

Signals:
SIMSCI June Contract
Buy stop 264.2 (Maintain current Long position or add on Long position if no position is held)
Sell stop 261.4 ( End Long position and add Short position)

Execution:
Buy stop 264.2 is triggered. We maintained our Long position. No new position is added.

Please refer to Track Record for position held.

by swin

SIMSCI Cash index 23-June-2005: From daily chart, Index managed to stay above trendline. However, from Elder's ray analysis, bull power is ticking down and Bear power is ticking up.
by swin

Introduction of Swin Volatility System.

We love to KISS. Keep It Short and Simple. Swin Volatility system is designed to trade the futures market by analyzing short term volatility. We believe a reversal or trend change will occur when price movement exit the existing volatility channel. Volatility channel is calculated by our in-house developed logic. System generates BUY stop and SELL stop signals after market is closed. When both orders were not hit, that means no new position is suggested, traders may keep the current position without adding new ones. Traders may integrate own money management policy into the system and define own stop loss point. By default setting, trade will be closed when receiving a new opposite signal. , and at the same time, new position is added with the new signal.

System is newly developed and it is in refining phase.

Swin Volatility trading - SIMSCI

Below signals were generated by Swin Volatility system. Trading scenario based on 1 contract transaction. Open position will only be closed on next opposite trading signal.

Signals:
SIMSCI June Contract
Buy stop 262.4
Sell stop 260.5

Execution:
Buy stop triggered: 262.4
Open position: Long 262.4

SIMSCI Cash Index 22-June-2005

SIMSCI Cash Index 22-June-2005: Index has been falling to trendline and 23.6% retracement line. With negative momentum, we expected trendline to be broken and SIMSCI might starts pull back phase.

(click on chart to view full size)
by swin

SIMSCI Futures 22-June-2005

SIMSCI Futures 22-June-2005: From daily chart, we have observed SMRI is merging and with 12-day, 25-day Price ROC ticking down and making lower highs. Selling pressure is increasing.

(click on chart to view full size)
by swin

SIMSCI futures 21-June-2005

SIMSCI futures 21-June-2005: We maintaned our short term view, SIMSCI is heading a congestion period if not pull back. It looks tired of upward running. Encore cash index, 25-day, 12-day Price ROC are making lower highs.

(click on chart to view full size)

by swin

SIMSCI Cash Index 21-June-2005

SIMSCI Cash Index 21-June-2005: Index is just above short term uptrend line. With negative momentum , trendline is likely to be broken.

(click on chart to view full size)

by swin

SIMSCI Cash Index 21-June-2005: From daily chart, index still being capped at resistance 263.5. Tripple divergence is found in 25-day Price ROC. This is a stronger signal that indicating the weakness of trend. Concurrently, 12-day Price ROC forms a negative divergence as well. We would expect index to take a breath before it continues it's run.
by swin

Nikkei225 Futures 20-June-2005

Nikkei225 Futures 20-June-2005: From weekly chart, SMRI(5,4,9) moving towards merging. From daily chart, SMRI (5,4,9) forming merging. Watch out for coming days to confirm if crossover is successfully formed. After recent run, chances are Index will take a breath.
by swin

Nikkei225 Cash Index 20-June-2005: From daily chart, 12-day Price ROC making a lower high, it signals short term weakness.
by swin

SIMSCI Cash Index 20-June-2005 Summary

SIMSCI Cash Index 20-June-2005 Summary: From market structure approach, SIMSCI has formed higher low. However, index was capped at 253.5 for the past week. Momentum analysis has shown weakness of short term uptrend. No significant trading signal is found.
by swin

SIMSCI Cash index 20-June-2005: From daily chart, both 12-day and 25-day Price ROC are showing weakness of current trend.
by swin

SIMSCI Futures 20-June-2005: From daily chart of futures, SMRI(5,4,9) merging, however, no crossover is found. 12-day momentum ticking up while 25-day momentum ticking down and forming bearish divergence with index. No immediate short term reversal signal. However, short term uptrend is weak.
by swin

SIMSCI Cash index 17-June-2005

SIMSCI Cash index 17-June-2005: From daily chart, we observed that 25-day Price ROC and Momentum ticked down and formed bearish divergence. 12-day Price ROC, Momentum ticked up. From Elder's Ray analysis, Bull power ticked down, bear power ticked down. ADX stays flat, and less than 20, DI+ ticked down and above DI-. DI- ticked down. From market structure approach, Cash index has just formed a higher low today. Overall ,upward movement strength is rather weak. Watch out for coming day if lower high is formed.

(click on chart to view full size)

by swin

SIMSCI Futures 17-June-2005

SIMSCI Futures 17-June-2005: From daily chart, SMRI(5,4,9) is forming merging. It might signal end of current sideway movement. 25-day Momentum and Price ROC ticked down and forming lower high. These signal a weak uptrend.

(click on chart to view full size)

by swin

SIMSCI 16-June-2005

SIMSCI 16-June-2005: Daily chart. From market structure approach, SIMSCI is making new higher lows. Watch out for today's closing to confirm if new higher lows is formed. Yesterday's low was 2599. High 2623.
by swin

SIMSCI 16-June-2005: Again 25-day Price ROC is showing bearish divergence. It simply shows current uptrend is weak.
by swin

SIMSCI 16-June-2005: From daily chart, SIMSCI failed to break trend line yesterday and formed a big white bar. However, with bearish divergence found in 25-day momentum, current uptrend is still weak.
by swin

SIMSCI 15-June-2005 Summary

SIMSCI 15-June-2005 Summary: From Chart 1, SMRI starts crossover and momentum indicators ticked down, weak uptrend is signaled. with today's fall, short term pull back seems to be starting. Chart 2 shows ticking down of price ROC and bearish divergence of Vol ROC, these signals support weak and bearish short term out look as well. Resistance seems to be at 2607, Support at 2592. First retracement target at 2592/2590, next level will be 2580.

Trading strategy (with risk involved) : On short selling. Target at 2592.

(click on chart to view full size)

by swin

SIMSCI 15-June-2005: Chart 2

SIMSCI 15-June-2005: Chart 2, 12-day Vol ROC ticked up, however, bearish divergece still found between Vol ROC and index whiel SIMSCI tried to make new high. 12-day, 25-day Price ROC ticked down, and 25-day Price ROC failed to make higher high. These signs signals a weak uptrend.

(click on chart to view full size)

by swin

SIMSCI 15-June-2005: Chart 1

SIMSCI 15-June-2005: Chart 1, From daily chart, SMRI just crossed over, 12-day, 25-day Momentum ticked down, index ticked down, support short term reversal of uptrend.

(click on chart to view full size)

by swin

STI 15-June-2005 Summary

STI 15-June-2005 Summary: From chart B , we found ticked down Price ROC and Volume ROC. The most important is bearish divergence found between these indicator and Index. It shows weak uptrend. With today's retreat, a Kangaroo tail is formed, it is a sign of short term reversal. Chart A shows open SMRI, and ticked down Momentum indicators. All these support pretty bearish short term outlook. Resistance seen at 2210 and first support at 2195.

(click on chart to view full size)

by swin

STI 15-June-2005: Chart B

STI 15-June-2005: Chart B, from daily chart, 12-day Price ROC (rate of change), and 25-day ROC , 12-day volume ROC ticked down. When STI making new high, Volume ROC and 25-day Price ROC are making bearish divergence with it. Sign of weak trend.

(click on chart to view full size)

by swin

STI 15-June-2005: Chart A

STI 15-June-2005: Chart A, SMRI (5,7,14) open,12-day and 25-day Momentum indicator ticked down and bearish divergence found between 25-day Momentum and Index yesterday. Short term outlook tends to be negative.
by swin

SIMSCI 14-June-2005 Summary

SIMSCI 14-June-2005 Summary: Weekly MACD and MACD-H continue ticking up with ADX stays above 20, SIMSCI is still trending in medium term.Weekly DI+ stays above DI-, however DI+ stays flat instead of ticking up. From daily charts, ADX<10 and DI+ stays flat ,this does not in sync with weekly view. 25-day momentum ticked down. Elder's ray is showing bull power continues ticking up while bear power stays positive. This signals Bears are probably held in the air. We would expect pull back or sideway movement to kick in soon.

Trading strategy: We continue our 'wait-and-see' strategy for the time being. We do not intend to predict future movement. There is no clear and strong indication to signal action.

Possible action: Having coffee and chinese-style fried noodle for breakfast.


by swin

SIMSCI 14-June-2005: From daily chart, SMRI(10,4,9) is forming a merging. We have tuned SMRI parameter from (5,4,9) to (10,4,9) to stretch a little longer period to relect a better picture of momentum change. 25-day momentum did not make a higher high, it ticked down. while 12-day momentum ticked up.
by swin

STI 14-JUNE-2005: From daily chart, a bearish divergence between 25-day Momentum and index is found, while 12-day momentum is still ticking up. Other than SMRI crossover and bearish divergence of Momentum, there is no enough indications to signal trend change.
by swin

STI 14-June-2005: From daily chart, SMRI (10,4,9) formed a crossover, it might signal a change of current change. It might lead to a small sideway movement or a pull back. We have noticed a crossover is formed in weekly chart as well. From price pattern, there is no clear sign. Watch out for coming days' movement to confirm SMRI split expansion and if kangaroo tail of price patter is successfully formed.
by swin

MSCI Taiwan 13-June-2005 summary

MSCI Taiwan 13-June-2005: From weekly chart, MSCI Taiwan is moving in a choppy style with MACD and MACD-H ticked up for past 2 weeks. From daily chart, we have observed that bearish divergence were found between momentum indicator and index price, while SMRI stays rather flat. These suggest that recent short term upward running seems to be running out of strength. From price channel view, MSCI Taiwan has reached upper channel band. Odds are not with long side. There is no clear signal to go long or selling short, hence, no trading suggestion for this point of time.

(click on chart to view full size)

by swin

SIMSCI 13-June-2005 Summary

SIMSCI 13-June-2005: From weekly chart, DI+ ticked up and stay above DI- with ADX ticked up and more than 20 (Chart C). Weekly wise, SIMSCI is still trending. While from daily chart, SMRI crossover was found last week, short term trend changed is expected (Chart B). This means short term view, a pull back or turn to side way movement is expected. Pull back view is supported by bearish divergence found between 12-day Momentum and SIMSCI. 25-day Momentum starts ticking down (Chart A).

Trading strategy: Short term, short selling or stay aside is suggested. SIMSCI might continue moving up , however, technically odds are with short selling. Chasing run away move is not considered by SWIN trading strategy.

Possible action: Have coffee and watching for shorting opportunity.
by swin

SIMSCI 13-June-2005: Chart C, Directional system. Click on chart to view full size.
by swin

SIMSCI 13-June-2005: Chart B, SMRI crossover. Click on chart to view full size.
by swin

SIMSCI 13-June-2005: Chart A, SMRI Momentum. Click on chart to view full size.
by swin

STI 13-June-2005 Sumary

Weekly Directional system (Chart D) : DI+ above DI- and ticked up. ADX ticked up and stayed above 20. ADX indicates whether a mareket is trending or ranging. J Welles Wilder, who developed the indicator, advises market is trending if ADX is above 20.

Weekly SMRI system (Chart C): Fast line and slow line is still part away. It shows no trend change signal exists.

Daily MACD, MACD-H (Chart B): MACD-H keep ticking up while STI making new high, however a minor bearish divergence between MACD-H and STI is found. It might signal and pull back is coming soon.

Daily SMRI system (Chart A): A crossover has been formed last week. This might signal a change of current short term trend. STI might take a breath and pull back or moving side way.

STI 13-June-2005: Chart D, Directional system. Click on chart to view full size.
by swin

STI 13-June-2005: Chart C, Weekly SMRI Open. Click on chart to view full size.
by swin

STI 13-June-2005: Chart B, daily chart MACD, minor divergence. Click on chart to view full size.
by swin

STI 13-June-2005: Chart A, SMRI(5,4,9) crossover. Click on chart to view full size.
by swin

SIMSCI 10-June-2005 Summary

(click on chart to view full size)
SIMSCI 10-June-2005: Both12-day and 25-day Momentum ticked down and bearish divergence is found between 12-day Momentum and SIMSCI. With SMRI having crossover, odds are still with short selling. It is suggested to short sell or stay aside.

Possible action , with risk involved:
Sell :2596
Stop loss : 2605.
Target: 2585 and 2575, 2568.

Possible action 2: Stay aside and have coffee.

Action taken by Swin : Had coffee and slept in office.
by swin

SIMSCI 10-June-2005: Though SIMSCI is making new high, 12-day Momentum and 25-day Momentum continue to tick down or stay flat. Bearish divergence is found between 12-day Momentum and SIMSCI price.

(click on chart to view full size)
by swin

SIMSCI 10-June-2005: From daily chart, SMRI shows us a crossover with small split. New high with fair volume. The short term force to push up seems decreasing and pull back is expected to come in soon.

(click on chart to view full size)
by swin

Swin Momentum Reversal Index explained

Hi ,

Here is to explain some doubts over SMRI. Swin Momentum Reversal Index is nothing but a simple tool developed by the author, Swin, to reflect short term changes of volume and closing price. It is not a holy grail in any form, so it should not be used alone to make any trading/investing decision. With the fast line and slow line, SMRI shows a short term volume-price change and compares it to longer term SMRI(slow line). When these two lines merge or crossover, it shows short term force is getting stronger than longer term. Current trend might have a good chance to be changed. The bigger the split between lines immediately after merging, the more accurate the signal is. A relatively flat merging might signal a consolidation period.

Have a profitable day,

Swin

SIMSCI 09-June-2005

SIMSCI 09-June-2005: SIMSCI has reached upside target 2600 and closed 2610. With SMRI crossover formed, it might start pulling back or consolidating soon. First support 2608 and 2596, 2585 are second and third level support. Other than SMRI giving a warning sign, there is no clear trading signal for the time being. It pays to be patient and observe closely for the coming days.
by swin

SIMSCI 09-June-2005

SIMSCI 09-June-2005: SIMSCI made new high yesterday , despite STI 's fall. From SMRI shows a crossover, it signals a reversal or a consolidation might be coming soon. It is not suggested to put in any long position, instead short term trader should consider lock into profit.
by swin

STI 09-June-2005

STI 09-June-2005: From SMRI, a crossover is found. It might shows a short term pull back of STI. Watch out for coming days action to confirm.
by swin

Nikkei225 08-June-2005: From daily chart, we observed a crossover. Fall might be ended, however, with 10-day and 40-day momentum still ticking down, Nikkei225 might go into consolidation stage instead of immediate upward reversal.
by swin

Nikkei225 08-June-2005: Pull back is well supported by 11250 support line.
by swin

SIMSCI 08-June-2005

SIMSCI 08-June-2005: SIMSCI has reached upper channel band, with SMRI merging, crossover is yet to be confirmed. and 10-day, 40-day Momentum continue ticking down, odds are with short selling now. 2608 as next resistance, suport at 2585, 2575 and 2568. A break of 2568, we are targeting on 2560.
by swin

SIMSCI 08-June-2005: From daily chart, SMRI is merging, and Doji is found. In the case that SMRI crossover does not happen, it might signal a stronger trend instead of short term reversal.Watch out for tomorrow price action to confirm.
by swin

SIMSCI 08-June-2005: Daily chart. SIMSCI has reached upper channel band. It is riskier to trade in long site at this point of time. It is preparing for pull back soon.
by swin

STI 08-June-2005: From weekly chart, I observe a crossover of SMRI. It might shows a short term trend change in coming week. STI might just take a breath before continue it's run.
by swin

STI 08-June-2005: From daily chart, SMRI is part away from merging point. No signs of short term trend change.
by swin

SIMSCI 06-June-2005 Summary

SIMSCI 06-June-2005: From daily chart, SIMSCI is testing 2600 sooner rather than later, short term upward target will be 2650. SIMSCI is well supported by 2575. Current first level support is 2585. With open SMRI, there might still have a little (or maybe no at all) space for upward running. Do note that SMRI is open but towards direction of merging. A short term reversal might not be far before it tries new high. 10-day momentum and 40-day momentum indicators are still pointing down. Bears are still held in the air.
by swin

STI 07-June-2005: From daily chart of STI, SMRI was merged and followed by new highs of Index. No merging is observed yet. There seems to be still some space to move.
by swin

SIMSCI 07-June-2005: From daily chart, SMRI changed direction but no merging is occurring, current uptrend might still have a little space. Watch out for next days to observe SMRI for reversal.
by swin

Swin Momentum Reversal Index (SMRI)

Swin Momentum reversal Index (SMRI) is created by author of this blog, Swin.
It is used as a supporting indicator to check if reversal of current trend is approached or undergoing. The components of SMRI are volume and close price in which we believe they are the most essential elements for technical analysis. From the changes of volume and close price it shows the commitments of traders and the likelihood of coming actions.
It is interesting when crossover, or merging of fast and slow line, it is telling us"Hey, something is going on now, watch out!�" In order of importance, a crossover signals the end of current trend, a new trend/consolidation phase is developed. A merging without crossover strengthens the current trend. It is not important if fast line is above slow line; Every meeting of these two lines tells us something.
We use 5-day SMRI for short term trading given considerations that most markets are open 5 days a week. SMRI can be adjusted for longer period and used in longer term charts such as weekly or monthly charts as well.
Again, SMRI is to confirm if odds are with our planned action before putting down a trade. It is most useful during choppy market (i.e. price crossing over moving average frequently. It gaves few prematured signals during trending market. Just like other indicators, SMRI should not be used alone to make trading decision. It is found to be effective combining with Momentum, Moving average and Price channel etc.
Remember, trading is a business about probability, make sure odds are with us before putting down a trade. In fact, if you never trade, you will never lose.

by swin

SIMSCI 06-June-2005: Summary

SIMSCI 06-June-2005: Technically,in short term, SIMSCI has reached minor resistance of 2585, next major resistance looks to be at 2600. Support at 2575 and next two levels are 2568 and 2560. A break of 2560, we are targeting 2552. Note that both 10-day and 40-day Momentum starts ticking down while Swin Momentum Reversal Index starts changing direction, a pull back of curret short run should be near. From Elder's ray, Bear power turn positive, signals Bears are held in the air. With poor employment data, rising oil price to $53 again,DJ had lost -95.52 points. Odds seems to be with short selling. Watch out for 2575 support line.
by swin

SIMSCI 06-June-2005: Weekly SMRI

SIMSCI 06-June-2005: From weekly chart, SMRI is still maintaining direction.
by swin

SIMSCI 06-June-2005: Daily Swin Momentum reversal Index

SIMSCI 06-June-2005: From daily chart, Swin Momentum reversal Index shows a changed in direction. It normally signals a short term reversal of current trend is near or it is already undergoing. Momentum reversal Index is created by this author, Swin, to check existence of short term reversal.
by swin

SIMSCI 06-June-2005: Daily Momentum indicator

SIMSCI 06-June-2005 : Both 10-day Momentum and 40-day Momentum starts ticking down.
by swin

STI 06-June-2005 Daily SMRI

STI 06-June-2005: From daily chart, SMRI is still stable. No change of direction is found.
by swin

SIMSCI 03-June-2005: With 10-day Momentum and 40-day momentum ticking up, SIMSCI set a short term bullish movement, take 22-day EMA is rising as well. Target at 2599/2600 with support at 2575 , negate this if support is violated convincingly, next support level is likely to by 2568 and 2560 zone.. One thing to note is from Elder's ray analysis, Bear power stay positive. It shows that Bears are held in the air. A sudden reversal might happen.
by swin

SIMSCI 03-June-2005: Force-Index-2-day EMA just ticked up from 0 while Force-Index-13-day EMA ticking up. Looks to have upward moving force.
by swin

Book review : Trading For A Living

Trading For A Living , by John Wiley & Sons, Inc
Book Review 02-June-2005 : A excellent writing from Dr.Alexander Elder , a psychiatrist by pratice and a professional trader. He covered 3 major parts: Psychology, both crowd and individual, trading tactics and principles with money management in the book.
The difference between Elder's writing and other trading books in the market is, Elder does not only introduce indicator, but giving you a insight of crowd psychology and trading rules for every indicator. In the book, Dr.Alexander introduces Triple Screen trading system which definitely gives both new and experienced traders a second thought when trying to put in any trade. This book is essential for trader who is serious about his trading career.
by swin

SIMSCI 02-June-2005: SIMSCI still within 256 and 252 trading range. With DI- stays above DI+ while ADX stay flat, it shows bearish , but rather weak trend or trendless. With positive bear power shown in Elder's ray analysis, only short selling around resistance area is considered.
by swin

SIMSCI 02-June-2005 : Price in center EMA vicinity and moving toward EMA support line , likely to be 2556.
by swin

SIMSCI 02-June-2005 :Bull power is decreasing and Bear power is positive. The odds are not with Buy. Avoid buying when Bear power is positive. Bears are being held up in the air.
by swin

SIMSCI 02-June-2005
by swin

SIMSCI 01-June-2005 daily chart. It seems to be a bearish divergence between the ticking down 10-day momentum indicator and SIMSCI. Though no big selling pressure, but odds are NOT with short term BUY.

Other than overbough/over sold, divergence between indicator and price gives a good signal of market action.
by swin

SIMSCI 01-June-2005 - Force Index analysis supports the selling plan. With Force Index 13-EMA stay negative and ticked down, but Force Index-2-Day EMA stay positive but ticked down, flat EMA, Sell signal is formed. Odds are with Short selling.
by swin

SIMSCI 01-June-2005 Daily- SIMSCI looks in selling mood. Resistance at 2568 and 2600. A break below 2560 will see support at 2552 and significant 2542.
by swin