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Sunday, September 07, 2008

Indexes

DJ current support 11000, resistence @ 11900. There's a high chance channel resistence @12300 will be tested as short term rebound has yet to be negated.

STI current support @2470. As it has entered oversolded region, STI will likely recop some loses by covering the gap @2650.

Downtrend still intact for all.
Entered oversold region and poised for rebound.

Risk level: moderately high

For investors, pick up 1/3 of intented purchase as we have entered long term support zone.

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