Friday, May 11, 2012

Another leg down for the STI

Above is an end of day daily chart of the STI. The STI went through another leg down, hit support at the 61.8% fibonnacci retracement level and saw some buying at that level. But the trend is still down and i am looking at the STI to go down to 2820 (the 50% Fibonnacci retracement level).

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