Trend : Down
After consolidating around the MA200d, STI has made the decision to head further south, breaking all major support. We are now at 3000 region and can see from the chart that the next support is the 2940 region; another 60 pts away before we can see any relief. Trouble at ME and an over bought US market will provide the pricks to deflate STI to the 2940 region by next week.
