16 July 2006
STI TA (16 Jul 06)
Island reversal top formation confirmed.
Any minor techncial rebound, if any, will be capped by 2400
Major support 2278, watch closely!
Wave B may have completed, which will be confirmed once 2278 is taken out by bears
Wave C may have started, which will be confirmed once 2278 is taken out by bears
A head and shoulder top foramtion (shs) on the weekly chart will be confirmed once 2278 is taken out by bears, minimum technical target will be around 1900, scary?
