The market look pretty bullish. US up up and up again, Asian markets including Shanghai, Hongkong had breakout last week, sending the indicies to new high.
As local benchmark, STI soared 55.56 points or nearly 2% on Fool's Day, is it a joke for us? The 20dma pointing upwards indicate the bulls are strong.
nonetheless, I'm alerted by the 61.8% retracement level at 2970 thereabouts, which is based on the 2007 high to 2009 Mar low measurement. It's another 30points from now.
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