Friday, February 12, 2010

STI Updates

So where will this technical rebound (or so I believe) stop? So far, from the GMMA, if the red lines were to touch the green lines again, we could see STI retest 2800 again. However, for STI to close with a hanging man on the 100MA, we might start to see a mini correction soon.

To confirm, I looked into the hourly Elliott Wave count from Yahoo Finance. Indeed, a 5 waves structure has formed, as can be seen from the picture.

Looks like correction imminent, after which, a possible larger rally to 2800? Let's see how it goes.


  1. Nice technical stuff man. Can add my site also? Hope you huat2!!

  2. Hi Extreme Power,

    thanks for dropping by. May I know your finance site?


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