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Thursday, April 29, 2010

Chart On Straits Times Index

Straits Times Index was sell off yesterday heavily, down 59pts, nearly 2%. The support 2944 broke, since last night US up slightly, The STI can go either side today:

1. rebound to upside to fill up the gap between yesterday and the day before. With 2975 is the target, which is also the 20dma.

2. Continue slide down, then it could bring STI down to the next support, which is at 2886.

Indicators is on the bearish side.

2010Apr-Straits Times-800x600

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