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Wednesday, November 2, 2011

STI Immediate Support:the Neckline 2778

This is a trader's market, if you were long last week when market break out and soared to upside, you probably made a stunning paper profit within few days, but if you didn't take profit when market turned down. You will back to square one by yesterday, or today.

Dow's support: 11577 (2010 close)
STI immediate support will be the neckline it broke out last Thursday: 2778, we have 20 and 50ma just below this level as well. the next support will be 2695.

will update you again.

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