Wednesday, June 18, 2008

Intermediate Selldown

As per previous reviews, a more severe selldown is probably taking place.

We stil have around 2- 10% to go and 4 - 6 days before a reasonable rebound happen. But I notice the % seem to defer to the previous cases for STI compares to the US.

Our percentage down seem to be closer maybe due the fact we did not have a chance to work off our oversold conditions.
1460 - High 22th Feb - 14days 1363 - Low 14th Mar 0.07% low
1557 - High 20th Jul - 20days 1371 - Low 16th Aug 0.12% low
1550 - High 31st Oct - 17days 1404 - Low 26th Nov 0.09%
1404 - High 5th Jun - 10days till now 1334 - low 19thJun 0.05%

Major selldown - 18days 1500 - High 26Dec 1268 - low 23th Jan 0.15%

STI 3316 - High 2920 -Low 0.12%
3687 - High 2977 - Low 0.19%
3843 - High 3311 - low 0.15%
3216 - high 2999- low 0.07%

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