After posting and studying the 10 year chart of STI, it leads me to believe that STI might be on it's way towards the 4000 level. Of course, it would take some time and effort to reach there. For the short term, the action on May 18th told me that STI was supported around the 3124 level where big buyers were heavily buying. The high volume on May 13th 2011 proved to be a classic hidden agenda where prices refused to tank lower which alerted me that big buyers' activity was all stalled on that day. If that is so, they are definitely planning to take the market higher instead of pushing it down. Today we broke out of an apex which could be the start of a true breakout with higher prices to come.
Ronald K
