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Tuesday, September 7, 2010

The Hangseng, Shanghai and Straits Times Indices

In overall, I see the regional market indices are bullish, there are still some room to move up before any major resistance.

STI immediate support 3019, next target is 3120. Current 3037 is a minor resistance.

Hangseng Index is about another 300 points away to its resistance( the red downtrend line):
Shanghai Index just breakout from its Aug consolidation base, plenty of room to upside. The major resistance is far away at 2922.

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