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Monday, January 17, 2011

Broad Market

Good morning everyone.

Today US market holiday. The US market indices including DJI, SPX, and Nasdaq are still very bullish in overall.

Local bench market STI has been zig-zag in a narrow range for the past four trading days. The major uptrend is still intact, and short consolidation or even a pull back to 3220 and 3205( as depicted in below chart) is possible. It would provide us more long opportunity if this happened.

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