Friday, 24 February 2012

Predicted turn of STi @ 3020-30 realised by announcement of Greek rescue deal

- It turns out that the STi hitting our predicted short-term market peak levels ( see last post ) coincided exactly with the announcement of the second Greek rescue package right after which we immediately see a correction - which goes some way to show that fundamental events sycnhronise themselves to critical price levels in charts or charts very often anticipate fundamental events( minus black swans ) .

STI should consolidate or correct for quite a while below this level ( given strong supply  )  and then continue its bumpy climb towards our final target 3160-90  , with some hiccups like this one  along the way ... see previous post
(All bets for further rallies are off if Israel bombs Iranian  nuclear facilities )