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Monday, April 5, 2010

STI - Fresh Buy Signal

STI rose by 25.36 points today to close at 2,968.38. It has surpassed the last significant high at 2,947 on January 11. All of my charts, namely Kagi, Point & Figure and Candlestick System, are showing fresh buy signal today. While short term profit taking is inevitable after the index has risen by more than 80 points Friday & Monday combined, the long term trend is definitely still bullish!