I'm leaving town for my holiday now. I will try to update here whenever possible but please expect my post will be few and long time in between.
Anyway, I have few points for the market:
+ Do expect market will continue in a choppy manner for coming weeks, means it will swing up and down in a big range( 50-100 points)
+ STI is still trading in its"bottom range as seen in Feb and May 2010. Current support and resistance range from 2750-2850, refer to STI weekly chart below.
+ Close price out of the range(below or above) will lead to further downside/upside.
Trade with care. Bye for now.
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