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Monday, October 29, 2012

Weekly Wrap

Good morning everyone.

STI had small gain of 8.59 points or 0.3% for the week, still in the sideway action within 3035-3088 range. It had a big bloody red bar three weeks ago with pretty bearish reversal candle but did not follow through in subsequent two weeks. Market is still holding well for possible upside move.

For the time being, continue watch 3035-3088 trading range for support and resistance.

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