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Wednesday, October 17, 2012

STI Retracement Levels

While the US market closed positve. The DJI up by 127 points, SPX up 14 points. STI yesterday seemed already "smelled" US market will go up last night and bounced up ahead of it. As this point, I can't confirm the uptrend will resume as the rebounce not strong as compare to its last week huge loss. I will watch STI closely for the rest of week for these three levels:

38.2%: 3076
50%: 3066
61.8% 3055

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