Market under seige

Nikkei, HSI and SG came under fire after the weak closing on Dow. Will we see March's low? The only index to save us will be HSI, it has the ability and a mind of its own to lead the S-shares. Look out for a late afternoon reversal before our market sucummb to european pressure at 4pm.


Capland, along with many property counters came down. More interestingly, a descending triangle breakout just before lunchtime. Possible target of $5.80.



Dow: A temporary bounce off the previous low and we look towards the low 12,000s should this level give way. I am looking at a possible line(blue) of least resistance to the downside.


DISCLAIMER: This is not an inducement to buy or sell. You should do your own analysis on top of my postings.