Tuesday, 13 September 2011

Reassuring words from Merkel should calm markets , and provide a small relief rally to STi ..

day traders might want to short the euphoria over merkel's reassurance at open in the morning near the supply zone at sti around 2770 and go long when the market starts to turn up near 2700   ..

Sti is still in a consolidation wedge and may take a 1-2 more days to either  breakout or breakdown .. ( more likely breakout  )  .... IKYP ..

1 comment:

Aaron said...

On the othe side of the Atlantic, the Republican's majority house leader as well as the Republican's minority senate leader have both come out to oppose Obama's jobs plan; especially on the raising of taxes to finance the jobs package. So whatever gains the STI make today will probably be erase by tomorrow.