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Thursday, April 30, 2009

STI chart


Immediate resistant at prior high of 1946. For new uptrend to commence, we have to break both downtrend line 2 and more importantly 1. Can consider short position nearer to 1946 level with clear reverse strategy if break beyond on strong vol and good macro news. Market unlikely to break downtrend line 1 in the near future.

Tuesday, April 14, 2009

Rotary


Accumulate on dip along lower band of uptrend channel. Pirce target 50c.