Yesterday, the Dow close 14 points lower due to continued housing declines and mortgage loan issues. STI is up +10.55 points at this point in time. My view is that STI will continue to slip today to below 3525 due to cautious trading ahead of FOMC.
Wed 27/06/07 11.42 am: STI now @3501 down -24.02
Wed 27/06/07 2.30pm: STI now @ 3489 down -35.27
Wed 27/06/07 5.03pm: STI close @3515 down -9.87
True?
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