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Sunday, July 29, 2012

The STI - August Outlook

Historically, the month of August has been bearish for the Straits Times Index ( especially for the first two weeks of August leading to National Day ). This has been the case for 2008, 2009, 2010 and 2011. Unless STI is able to break above 3,039 in the upcoming week, we may see history repeat itself as we approach August and National Day.