STI - A Convincing Breakdown Bar

Last Friday was a bad day for STI. The breakdown bar was convincing enough to spell trouble for this coming week. It seemed as though many operators had already unloaded their long holdings on that weak rebound so as to perform more short sell last Friday. With that short selling from the BBs, today we can expect STI to gap down and suffer selling. In the near term, the market is expecting some kind of corrections. Be alert of your long positions.

Ronald K - Market Psychologist - A Stock Market Opportunist