Tuesday, December 12, 2006

STI loses steam

The market finally showed weakness. However alot depends on Big Ben's speech tonight. If US tua lao, we won't get away scott free. The selling now is a perfect setup for post X'mas Rally where we will have our Window Dressing. One of my fellow Trader friend joked, "Undress now so that later can dress up!" haha Although I am singing bear tune for last 2 weeks but believe me i do not want market to crash from here. Just a normal retracement is what the market needed.

Some of the china plays are badly hit. HSI is showing weakness as it is unable to close above 19k after numerous attempts.

GrowMoney QuickPicks
Bayan Trees
SunTec Reits

Charts Gallery

DISCLAIMER: This is not an inducement to buy or sell. You should do your own analysis on top of my postings. Copyright © 2006 GrowMoney Blog. All rights reserved.