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  • Bespoke's International Snapshot (11/20/8) [View article]
    I believe that some of the Asian markets like Singapore will have a hard time breaking out of this current down trend. Over the past 20 trading periods a full 60% of the volume in Singapore stocks were purchased above the current Singapore Straits Times Index (^STI) level of 1732.

    Singapore MOB Index 20 Day Ownership Levels
    ----------------------...
    12.09% Between 1613.95 & 1659.12
    13.31% Between 1659.13 & 1704.3
    14.33% Between 1704.31 & 1749.47
    15.64% Between 1749.48 & 1794.65
    19.64% Between 1794.66 & 1839.83
    24.99% Between 1839.84 & 1885.01

    www.mobindex.com/quote...
    ----------------------...

    These ownership levels may form a resistance point preventing the Straits Times Index from moving above 1800.
    Nov 29 11:08 am |Rating: 0 0
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