Daily Market Opinion for 26-Sep-2012

Yet again, STI ended the day indecisively despite seeing it attempting to break 3080 resistance level during the day. STI opened flat despite DJI’s previous night’s closing. Buyers were seen entering the market strongly after the weak opening and it continued stay close to 3080 resistance level. However, whenever it reaches close to 3080 level, sellers will enter the market to push the prices down. This up and down action was repeated for a few times during the day but when the European market opens, the buyers stopped supporting the market. Eventually, sellers prevail and caused STI to close near to its opening price. STI closed at 3067 level with merely 0.8pts down. Last night, DJI closed 101.37pts lower. Will STI be able to attempt to break 3080 level again? Or will the expected retracement start today?

STI formed a doji candle ...