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Sunday, August 25, 2013

Weekly Wrap

It's a ugly big red candle for STI, very bearish. STI dropped the most 108.7points or 3.4% down, in the 6 indices I've been monitoring.

The tapering measure by Fed seems not much affected US markets but the Asian markets, money seen continue out-flowing. STI hit new yearly low and closed new yearly low as well. Refer to below STI chart, it spiked down below its major uptrend line, I would like to see a rebounce to above the line in coming week, further downside if it can't make it.



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