Will STI Rebound from Here?

STI got a bounced from its major uptrend line support yesterday, ended with 33 points up to 2823. The question in our head is: is it a bottom or just a temporary technical rebounce? No 100% firmed answer, what I will do is: buy those deeply depressed "quality" stocks( I did mention in few posts back, the nine stocks) with bullish reversal signals. Take profit when they get bounced, pretty much short term style, as I always do. I will focus on blue chips rather than those small cheap, or penny stocks. When market rebound, good quality stocks always run first.

In any case, if STI CLOSED below 2779( below chart), it would be very much likely to drop lower.