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Tuesday, April 21, 2009

STI retrace from resistance channel as last posted...

1st support 1830 followed by 1780.

general short term trend is still up, so do not short too aggressively...

buyers will try to re enter at these 2 support levels, leading to short term strength in stated zone (1780-1830)...

my current position:

long SMRT @1.51, closing above 1.52 will be a good sign, closing below 1.48 will bring further weakness...results on 24th april (this friday)

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