Sunday, March 1, 2009

Technical Analysis - STI at support now!

Looking at the above chart. We are presently at around 1594, from the peak of 3876. That is a drop of around 60%!!

From my old posts, i think a drop of around 70% from the peak is the highest ever..

From the above. Its been trading sideways, and we are now at the support of around 1600, which is established in the end of Nov 08. Personally i think buying at any time below this 1600 mark will greatly reduce your risks. And..for all you know, a rebound might be coming..

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