Can't really say with conviction where Straits Times Index will head next. It formed a bearish counterattack candlestick with high volume and got resisted at 23.6% fibbonacci retracement. Moreover, resistance for RSI still not broken. On the other hand, STI seems to be supported back on the resistive trendline. Gotta see how Dow closes later.
Straits Times Index Chart:
Monday, October 8, 2007
Unclear direction for STI
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