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All postings and comments are based on my personal opinion. It is purely for sharing purpose and no inducement for any buying or selling.
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Wednesday, April 11, 2007

Market Outlook


After moving up for consecutively 8 days, STI has moved down slightly by 2 pts today. There are some last minutes buying before closing which is quite interesting.

Europe market is currently in green, averagely up 0.3%, but most people will be watching the performance of DJI tonight. If it move further up, we may see STI moving up in the opening, but the chance of STI moving down during closing is still remain high. Once it start to move down, it may drop to around 3270~3280, which is the support level at 20d EMA.


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