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Wednesday, July 11, 2012

STI Retreated

Morning everyone. I was rather quiet over past two days. STI hit 2980 high on last Friday and retreated on Monday, a very challenge market now as it may go sideway or retreat,--- after five weeks run up. I'm waiting for a clearer direction.

STI overall uptrend is still intact, it hit support level 2940 this morning and rebound a bit. I'm watching STI immediate support 2940-2930 for the time being, my bias is upside as long these two levels are hold.

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