As loud as it promises to be, Rita had caused no major damages like it's sister Katrina. What a sigh of relief. Our market has been in trading range since August till now, nice time to resume the uptrend. Glimpses of recovery was spotted during the last 2 weeks when we had major rallies. However they were shortlived. If Rita and Oil price was the obstacle for the uptrend, now that Rita is a mere whisper, Oil price continued it's downslide, I can hear the bulls come charging!
I expect to reap rewards after staying vested for much of August and September. Once STI rallies, i'm sure my bluechips will rumble along. This week could see the return of the casino plays as the RFP will be announced! Keep a lookout.
COSCO CORP
SPH weekly chart
