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Thursday, November 1, 2012

Friday Indicator, STI Poised for Rebounce

STI dropped 11 points to closed at 3026 today. It formed a doji candlestick at support level. Positive signal for a rebounce.

Friday Indicator levels:

61.8%: 3041
50%: 3037
38.2%: 3032

The above range is very tight as STI this week in sideway action so far. Weekly PP @3049 and S1 @3035.

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