With STI recovering 25% from its low on 9 Mar 09, closing well above 1800 at 1820, it is now testing another major resistance and it has broken resistances easily and many shortists are BBQ. One guru who is expert in shorting, and probably he has returned all his profits from shorting since the last STI plunge back to the market. He has temporary hang up his towel. We are also hearing less shouting on SHORT arh on forums.
With the shortists less aggressive, the retrace from overbought may not be aggressive too. How to re-enter is the big Question?
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