Stirred not Shaken

Traders will are the ones being stirred or stirring today. Investors would not be shaken that much. On the surface, it looks like a correction but who knows.

Those bears who has been talking the market down, they will be gloating that they are right. But hey, if you are that good. Gimmie a time! instead of just shouting bear.

Today's action on the STI is going to be interesting. 2840 is the 61.8% retracement from 2900 (i derived 2900 (161.8% ext) base on a Fibo Ext from 2664 to 2282) 2803 - 2780 should be some decent support. I think STI will gap down about 25 - 30 pts and perhaps make a further move down.