May 8, 201412 yr Hello fellow traders, I highlighted a bearish rising wedge last month in the SET Today the SET broke down from a 5 months rising wedge, right at upper 14-month T/L, as it's been struggling getting through the 50% Fib. Close triple support at 1373-76 (lower BB, 50MA, 38.20% Fib). But should this support break, SET is likely to fall around the 1,310 area which could potentially erase 4 months gains. Trade safe! "Markets are never wrong, but opinions often are" - Jesse L. Livermore "Markets can remain irrational longer than you can remain solvent" - John Maynard Keynes
May 9, 201412 yr TA aside, the market trends down on news of violence, and will rebound strongly on news of a new election. Regarding the latter, it could be quite some time.
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