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Friday, March 15, 2013

Friday Indicator

STI still trapped within the range 3300-3260, with spike up and downs for six times for the past 1.5 months. In this kind of mkt, majority of the breakout would fail and we can see lots of false breakout and whipsaws. The effective strategy would be buy at support and sell and Resistance.

As for this week, STI did spiked up and registered week high of 3317.42 and then fell back within the range again. Do monitor the levels, if STI can close above 3295 tmr, then we will have a green candle for the week.

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