STI is approaching towards the big resistance level at 3180-3185. The past 3 days action tells me that the volume is churning and big sellers are quietly putting out shorts. It may or may not hit the 3180 level, however i anticipate that for tomorrow's action, it will move towards to the 3180-3185 and close low for the day. See the imaginary bar i drew on the STI chart. If my vague premonition of the imaginary bar appears combine with a high volume, this will tell me that the uptrend has ended in a good fashion. I will then look for shorts on up bars. I have fished out a basket of candidates and they will be my short to mid term shorting victims.
Ronald K
