Take a look at STI chart below, it's now cycling down to its triangle bottom line, I'm bearish if STI can't CLOSE above 2715( 50% Fib level), more down side if it closed below the triangle bottom line, "last straw" is at 2668( 61.8% fib).
Look at the STI line chart below, I have the below pivotal levels(close price) on my notes:
Immediate resistance: 2695
Support 1: 2640
Support 2: 2528
For a trader, winning is extremly dangerous if you haven't learned how to monitor and control yourself.
The Secret Recipe: Trading Success = Winning Trading System - U
The Secret Recipe: Trading Success = Winning Trading System - U
Wednesday, December 14, 2011
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