Friday, June 5, 2009

updates on STI

been awhile since i've posted any updates. as before, STI did break out from the wedge and is staying up. it has been on an upwards charge, bouncing off 10 EMA and back up again. from what i can see, next week should see a further upwards move if STI is able to maintain its momentum. another 100 points perhaps? my guess is 2480. it could be anybody's guess. let's just watch.

nothing else i can say except for go with the flow. if the market says up, we go up. we will have to wait for a possible retracement. possible. just watch for it.

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