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Wednesday, August 16, 2006

STi 2500 SGAePW060928

As requested by Yen. From chart, support level at .38, currently it is reeling from a double top formation, if it fails to recover back to .60, there could be more downside to it. RSI is showing weakness below the 30% oversold mark.

I am actually quite resistance to charting warrant as i believe its
movement is not guided by recurring chart patterns which is the core of my charting. We shall see if this is the case for this put warrant.

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