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Friday, February 22, 2013

Friday Indicator

STI in the trading range of 3312-3280 in the past four days, my Friday indicator will be very tight:

61.8% :3299
50%: 3296
38.2%: 3292,

Shanghai SSE index had the biggest loss yesterday since its rebounce last Dec, lost 71pts or 3% to 2325. The immediate support is at 2290. The retracement could provide buy-on-dip opportunities.

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