Wednesday, May 27, 2009

What if Dow go above 200DMA and how about STI?


DJ INDU AVERAGE (Surprise may be on the upside if DJIA going for 200DMA)


After a 1.3% loss yesterday, the STI rebounded strongly, taking cue from the strong overnight US market close to rally past its recent 2009 high of 2283 at midday close. Should the index close convincingly above this key resistance level, we could see more upside recovery in the days ahead.

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