It is notable that despite Dow Jones Index recording a new low for 2008, STI is still trading above the 7 month low. The gap from 2832 to 2878 may act as a technical support for the near term and we observed that the RSI is showing a bullish divergence. There may be overhead resistance from the 20-day moving average.
DISCLAIMER: This is not an inducement to buy or sell. You should do your own analysis on top of my postings.
