I guess we all survive the Mayan Apocalypse.
Wishing you and your family an early Merry Christmas...
On 3 Jan 2012, we discussed about the Technical Market Outlook 2012. To recap,
1. For 2011, the STI lost 1/3 of the rise from March 08's low of 1455 to Oct 10's High of 3314. It closed at 2646, lost 668 points over the past 14 months.
2. Should if the market uncertainty continues to case a long shadow over the local market in 2012, the initial downside projection will be 2114, followed by 1624. This projection will be invalidate if the STI breaks above to recover above 2910.
3. If indeed the market is on its road to recovery, the initial upside projection will be 3145, followed by 3530. This projection will be invalidate if the STI breaks below 2520.
4. Let's us see how events going to unfold in ......
