STI Gloomy Future

STI had actually illustrated a bearish outlook this Febuary. The rectangle in the chart box out a head and shoulders which spans across 8 months. The neckline was broken somewhere in Febuary 2008. It then fought strongly to regain strength. Retraced back to the former neckline and continue to fall. Classic head and shoulders. The Dow Jones Industrial also depicted such a bearish pattern in the same duration.