I'm considering it's still a retracement, though Dow Jones was down 132.86 point,the immediate support is 10275, the tinted oval area would provide major support to Dow.
Friday, December 18, 2009
Market Retraced
STI is facing dowside correction in the short term, after hit a new yearly high yesterday. The immediate major support area is from 2770~2780. The uptrend is still well shaped.
I'm considering it's still a retracement, though Dow Jones was down 132.86 point,the immediate support is 10275, the tinted oval area would provide major support to Dow.
I'm considering it's still a retracement, though Dow Jones was down 132.86 point,the immediate support is 10275, the tinted oval area would provide major support to Dow.
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