Tuesday, September 27, 2011

Market Analysis -- 27th Sep 11


 Despite the sharp sold down on 26th Sept 2011, the rebound today managed to squeeze STI weekly chart back into the Falling Wedge formation.  This week till Friday 30th Sept 2011 will have 2 levels to watch out for.

1.  if the week ends STI at 2,680 or below with high volume, the Falling Wedge formation might be voided

2. if the week ends STI at 2,760 and above with high volume, this could be breakout of Falling Wedge formation