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Tuesday, August 16, 2011

STI 16/08/2011

Very short term Elliott wave application on STI. Just a possible count.

Recently we saw a 5 wave decline clearly an impulse. Currently we are in corrective wave (abc) upwards. It might have few more days to go before the next impulsive leg down prints which might bring it down to test and break the recent lows.

Trade with caution.

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