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Monday, January 16, 2012

STI Retraced

Good morning everyone.

STI retraced in the morning session, it's down 31 points to 2759 now(10.21am), STI has marginally penetrated my channel line top on Friday, but it come back to its uptrend channel now. The immediate support is at 2750 then 2730. On the longer time view, refer to the chart below, STI hit 61.8% at 2791 on Friday (exactly!)


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