The Boy who cried Wolf the fourth time..

STI has traded below three key support levels from the recent peak of 3032 with HIGH VOLUME.

1) 2949
2) 2897
3) 2856 - (6 May closing price 2839.65)
Moving average 14 & 25 has a crossover as of 5 May. (downtrend) and STI is trading dangerously below 50 MA line.

All these happened within 4 market days with 145 points loss from the 30th April peak of 2984. Unbelievable.

As I have said, stay away from the Bull-Trap and I'm expecting a rebound as soon as these 2 days from the panic selling and then continues it's downslide. Let's observe the movement and will keep you posted.

The boy who cried wolf the fourth time.. what will you do? It may be a BULL afterall.

Nevertheless, opportunities lurk in the deep waters where we could load them at a bargain. Will be updating soon