All in a day's work

First actual post after some "downtime".

Firstly, sense of market direction is definitely not on the up side despite the small recent rally late November and it all seems that it's going on the downside once again.

However, there are a few points which can be taken into consideration when analyzing the latest chart, from my limted knowledge.

1. There has been a very nice support line since Jun 06 drawn in red in the chart posted. Notice how price rebound upon touched that line both along the Aug and Nov period.

2. STI at about 3350 has been a nice short term support as seen from the recent dip and rally in the chart pointed out by the green line and arrow except for the 2 days when STI moves around that price forming a tweezer bottom as what my friend, WeiGuang - StudentTrader, pointed out.

3. I have also noticed that peak resistance when STI peaked till now forming a nice triangle, if I can put it this way. Interestingly, this triangle intersect in Feb 08, an eventful month

My point of view, based on TA, would be that tomorrow there should be a technical rebound, else jia lat!