STI has tested its head-and shoulder breakout point--the neckline yesterday and rebounded, and we have a bullish engulfing pattern on STI daily chart. The bulls seem gain its power again, though couple of big events--the Greece Crisis and US economy concerns are always "renew" itself on headline from time to time. And we got new crisis-- the MF global bankruptcy, as it was linked to then Lehman brother effect...
We are in a messed situation now and it seems it won't be ending anytime soon. Given such situation, I will focus on identifying which side got more power( bull or bears) and follow the winner. Act like a Guerrilla.
For STI, if it can stay above its previous "pivot" point 2855(50% Fibonacci level), the bulls will "reiterate" its power.
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