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Wednesday, October 19, 2011

STI First Support is Still Hold

US market is up to positive region as I'm writing now, up 65 points from negative about 100 points in the opening. Market is choppy at this time, Dow's first support level 11,300 has been holding well, SPX first support 1193 has been holding well so far, STI's first support 2705-2715 has been holding well today. In fact it's trapped in between the range 2715-2750, will my shorts become "one day show" only? I will watch the level 2715-2750 level for market direction tomorrow.( In fact is today, it's passed midnight already).

Just one more check STI status by now, it got "one leg" to upside as we are waiting for a higher low now. Thus it's still a rebounce in downtrend.( though the first downtrend line was already broken). I'm going to sleep well and let the US market tell me tomorrow morning.

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