All in a day's work

Still learning on TA as an indicator of market movement. However, spotted something interesting in e chart of STI.

1. Resistance turned support line since 2005 has yet been breached.

2. However, @ 50% retracement, is a good support line, only broken during the Aug period reaching 61.8% retracement. Another point to note here is that this line has been rebounded off 5 times. Technical Reobund perhaps ?

3. Despite this sign of rebound, it is not confirmed that the worse is over. We need more confirmation. ie: The hige volume as on Aug and some definite signs from Uncle DJ.

Dun be lured by such temporary rally. Be careful.