Today i just update chart of the STI since most of the stocks exhibit the same behaviour. Above is a daily chart of the STI. After opening rather strongly in the day, the STI turned bearish as the afternoon wore on. We closed at 2821 - just shy of 2820! (the 50% retracement from the recent high of 3033 to pivot low of 2606). Such extreme pessimism. We should get a rebound soon. But i think tomorrow will be a quiet day as few people would want to hold positions in this jittery market over the weekend.
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