Analysis:
- The market is weak and the bear is strong as the selldown is above its 20D VMA
- There are no catalyst in the market for traders to LONG stocks as Europe and the United States are still in limping condition
- Closing for the day display a spinning top, which mean buyers and sellers are in a tussle.
- If STI market bounce off from here, we could probably see a technical rebound.
- Else, we may see a breakdown of 2010 low and a free fall in STI may happen as it may fall back to Yr 2009 lows. CAUTION!!
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