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As per the previous post STI did make a partial decline to 2704 though not as low as I thought it would. Today it broke out of the resistance.
Take a closer look at the STI daily chart. We have an inverse H&S breakout. Estimated TP gives 2869!
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Monday, November 16, 2009
STI 16/11/2009 - update
Previous post for STI is here.
As per the previous post STI did make a partial decline to 2704 though not as low as I thought it would. Today it broke out of the resistance.
Take a closer look at the STI daily chart. We have an inverse H&S breakout. Estimated TP gives 2869!
As per the previous post STI did make a partial decline to 2704 though not as low as I thought it would. Today it broke out of the resistance.
Take a closer look at the STI daily chart. We have an inverse H&S breakout. Estimated TP gives 2869!
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Hi Neat .... for H&S bottom, prior trend should be down.
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