Blogging should be as easy as ABC, but the technical part of it can be quite frustrating. You see, I submitted my MAIDEN blog entry just a short while ago and when I tried to go back to the same entry to continue from there, I seemed to have big problems finding the right door.

Anyway, the easy way out is to submit a new entry!

Okay, back to Singapore's Straits Times Index (STI)...

STI seems to be in a sideway pattern with the upper and lower limit at 3168 and 2860 respectively, meaning it is undecided where it intends to go. A breakout above 3168 will signal near-term bull whereas a breakdown below 2860 will signal near-term bear. Before the breakout or breakdown happens, the market will be "directionless". Some traders choose to stay out of "directionless" market because there is really not much to make.

I believe the likelihood of 3168 breakout is slightly higher because STI is geared towards the upper end of the range.