All in a day's work

Ohhhhh Mannnnnnn

Nice time for a good correction/recession huh! Exam period..

Seriously, looking at this chart of STI, things are not looking rosy.. at least for tomorrow.

Notice:

1. Gap downs on 3 days

2/11/07
9/11/07
12/11/07

2. Botak Black top on 12/11/07

This definitely shows some pessimistic sentiments in the market at the moment. Not even a short tail to "try" to push the index up. Tsk tsk tsk...

3. Next price to break. 3500.

Actually the price range of 3483-3529 is a range to break. Today, as of time of post, is in this region. Let's see what happens tomorrow.

If break, woohooo, Remember the August correction? This will be much worst! Considering it dropped from a higher point compared to July's peak.

Big Money Question: Will 3400's resistance even be tested ? Let's observe!

** In the mean time, back to books! Exams are round the corner.