Monday, March 26, 2007

Flat Market

Market surprisingly hold it's ground after a hostile weekend. Iran captures British soldiers and UN threatens with sanctions. But STI and global markets are expected to pull back, this is because of an excellent yester week . Now the interesting thing to note will be how far and low this pull back is.

STI formed a rising wedge in the making, 3153 can be short term support for now, let's see how we survive the bears raid. If we are supported there, i will nibble some stocks soon. point guessing a bottom, it will be easier to make once it is established. Classical Analysis will work. Higher high, higher low.....Uptrend

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