Market Diary:
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Wednesday, June 12, 2013

The Straits Times Index Updated Chart

The STI has reached a critical chart point where prices have now touched the lower boundary of the uptrend channel. The upcoming market action will decide whether the uptrend is intact :


Monday, June 3, 2013

The Straits Times Index

The STI touched the upper boarder of the uptrend channel and reversed sharply. The market is near oversold and may stage a technical rebound. If the rebound is unable to sustain and turn itself as a bullish reversal, a further downside target at 3,230 and 3,160 ( lower boarder of uptrend channel ) can be expected.