Another session of selling off today with a slightly higher volume. The STI cracked 2280 and boy did the short sellers come in fast and furious. Short covering towards the end of the session pushed the STI back above 2280 but below 2300.  A little black hammer is seen but may not be seen as [...]

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The market continued its sell off today on extreme low volume. This indicates a lack of buyers while traders and contra players closed their positions. As expected, a sideway movement that basically tests everyone’s patience. My price target for the downside remains to be at around 2280.  A crack below should revisit 2200 and 2100 [...]

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