For a trader, winning is extremly dangerous if you haven't learned how to monitor and control yourself.

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Friday, December 30, 2011

Last Day to Close 2011

Good morning.

It's our last trading day today to close book. STI managed to close higher yesterday at 2672.78, up by 6.53points. Slightly above its 61.8% fibo level at 2669. The trading volume has picked up slightly as well. The next fibo level in sight is 50% at 2714, which is its downtrend line resistance level. With US market up by 135 points last night, I'm watching STI for a rebounce today with upside capped at 2715.


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