QE Index <.QSI> closed at 10,299.030 point. The market has lost its upward steam and needs to
re-gain strength above 10,600 point to change the tone and target 10,810 point; however, only
above this line will confirm a return to 11,100 point and maybe higher to the strong layer at
11,400 point. On the counter side, a break below the support zone at 10,180 point-10,000 point
would most likely call for a re-visit to 9,630 point and 9,450 point (low of this year).
Medium-term investors should be aware as the index is hovering near 10,300 point, while longterm investors can stay in the market as long as the index closes above 10,000 point.