May need to read the previous blog to put everything into perspective:
http://xmarketinfo.blogspot.sg/#!/2012/12/market-direction-wrap-up-sti.html
As shown on the chart, the initial projection of 3145, followed by 3530 coincides with the 78.6% and 127.2% retracment level based on the movement from 3314 to 2522.
