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Tuesday, August 16, 2011

The Broad Markdet

SPX

Good morning everyone. Sorry for my absence yesterday. The big picture is still bearish, I'd rather prefer my long position is for short term rebounce.
SPX continue its rebounce last night, it may go back test its resistance level 1257.

STI

STI next two resistance I'm watching at are: 2900 and 2955. STI is probably overdone too much as compare to SPX.

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