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Sunday, August 19, 2007

Seksun Corp 17/08/07



Looking at this chart. It looks like more of a bearish mode. the support at 50% fibo, which is 0.565. But then again. looking at the indices of DOW and STI, it is more of a reversing trend. This descending triangle can also lead to a false break out of a triangle and make another rebounce.

but just base on the chart of seksun, it is best to avoid it as it is in a highly stage of bear mode, from ADX, and the bear trend is strong in strength. for those vested, maybe u should wait for monday to decide to cut loss or wait for a bullish signal. monday will be the day to see how does this counter goes.

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