Although we may have come to the end of this trading week, nevertheless, i would still like to update on STI.  There was rather some interesting developments going on and this may probably influence the direction for next week.

28 Jun 2012.  As mentioned earlier in the week, a move above 2845 may increase the odd to test the previous high of 2861.53 and 50% retracement level of 2867.340.  Well, it all happened. In fact, it reached a day high of 2869.29 before paring its gains for the day. It closed at 2846.82, 1.82 points away from 2845.
Its day low is 2842.48. 

What is interesting to note that, it open high close low, with long upper shadow and short lower shadow. It almost look like a shooting star and spinning top with black body. The former has the meaning ......