It's the year end holiday season and many folks are on leaves or starting their year end break, as such, there isn't much market activities or interesting news. The only ones that is still floating around on and off is still the talk on the QE tapering. This should go on for a while, but from the look of it, it seems that the market is already absorbing some of the potential impact and is not reacting as drastically as it was initially.
Anyway, STI has started its down-trend, looking at the chart below, pivot at 3122, so we are 56 points below based on last closing. Should you be worried, I mean, if you looked at the rectangle, it just means that it's been range bound at about 200 points since June this year.
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