In our previous discussion, we discussed that “a change in trend reversal and / or possibility of further downside will see RSI breaks below support zone of 40 – 50 for Bull Market and begin to oscillate within a range marked by a support zone 20 - 30 toward a resistance zone of 55 – 65, for a Bear Market”. 
...In our discussion dated 30 April 2013, I mentioned on the following “Finally, STI broke above 3330 level but it wasn’t confirmed by RSI indicator. Have some reservations about this upside move. If one notice it, the rally may be due to financial stocks and investors coming into the market to buy stocks with dividend payout. I just wonder what would happen in the month of May 2013”.
On 22 May 2013, STI reached a high of 3453. It is 77 points away from my ...
