After crossing 3154, STI is currently closing up the gap formed on 28 Feb 07. STI may move towards the top of the gap at 3218 before moving down. The support level at 2931 may be retested. If fall through, next support level will be at 2800 (50% retracement). If fall through again, it will fall into the retracement of 50%~61.8% region, possibly start to move up again after hitting around 2750. This may call for an end to the correction.
P.S. This is just my opinion and may not represent the actual movement of STI.
Disclaimer
All postings and comments are based on my personal opinion. It is purely for sharing purpose and no inducement for any buying or selling.
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Tuesday, March 13, 2007
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