Friday, 2 January 2009

STI Index - Update


back in 25th Dec , i mentioned " STI index could bounce up from current level to retest 1800 again .. Watch closely " ,

today STI closed at 1829 , up almost 100 points. I believe STI could hit it first resistance at around 1845 level , upcoming budget and Obama stimulus packages could push STI to the next resistance at around 1920 . But we need to be careful if index do reach this level . Watch closely , interesting time ahead .

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