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India Singapore breakout

By Colin Twiggs
February 21st, 2012 3:00 a.m. ET (7:00 p.m. AET)

These extracts from my trading diary are for educational purposes and should not be interpreted as investment or trading advice. Full terms and conditions can be found at Terms of Use.


India's Nifty Index broke through resistance at 5400, following breakout from its downward trend channel, to signal the start of a primary up-trend. Recovery of 63-day Twiggs Momentum above zero strengthens the signal.

Nifty Index

* Target calculations: 18000 + ( 18000 - 15000 ) = 21000

The Sensex Index broke through 18000 to confirm the Nifty signal, following an earlier bullish divergence on 13-week Twiggs Money Flow. Target for the advance is 21000*.

Sensex Index

* Target calculations: 1300 + ( 1300 - 1150 ) = 1450

Singapore Straits Times Index cleared resistance at 2900, signaling a primary up-trend. Recovery of 63-day Twiggs Momentum above zero strengthens the signal. Expect retracement to test the new support level.

Nasdaq 100 Index

* Target calculations: 2900 + ( 2900 - 2600 ) = 3200



In my youth I stressed freedom, and in my old age I stress order. I have made the great discovery that liberty is a product of order.

~ Will Durant

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