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2/10/11

Oct 3, TA for Global Indexes



STI is in Downtrend, the daily chart shows that it is still in
1, Downward slope channel - The Support and Resistance are at 2720 and 2585.
2. The Classical Support is at 2650.


In weekly chart, using Fibonacci Retracement support and Fibo Fan (Timezone) chart, we are at the critical point to decide a trend reversal.



In HSI weekly chart, we can clearly see that whether Fibonacci Retracement and Fan (Timezone) are neared. The market will need to decide critical movement. This chart shows that HSI broke support and trend down support with high volume to break strongly the Fibonacci support. HSI should trading within the 18200 and 16700.


The performance chart, most of the global indexes are still in side trending and HSI is the only one that trend outside the range. USD is clearly the winner among the indexes.

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