Market Update: 29 Dec 2013

STI is moving towards 3160 to close the Gap and perhaps back to 3188 whereby the opening price for year 2013. Will it form a doji candlestick for year 2013? We shall see.
After all, STI have to break above 50% FIBO in order to get out from the bearish trend. Do monitor carefully.

Marine counters is doing great for the past few days. Especially otto marine. YZJ trying to hit $1.205 too. However I will choose Cosco out of the rest of marine counter. Because the price is too near to decide whether will it out from the bearish trend line since year Feb 2012. 
$0.78 strong resistance.
$0.8 break will out from the downtrend.
Final target $0.835/$0.89

Plan and trade well!