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Thursday, June 4, 2009

STI - Going up or down?

STI has closed at 2362 today.

Base on chart, STI has currently break the steep bottom uptrend line and has tested another main bottom trendline (in bold) today. The level for the main bottom trend line for tomorrow will be at around 2362, if STI fall below this level, we may see it continue to move down with next support at 2269 follow by 2247.

If DJI closed lower tonight, we may see STI to follow suit on tomorrow.

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