Singapore Stock Market Potential rebound failed to materialize so far as at 935am Friday 13th
Posted by admin on 06/13/08 in Latest News
I alerted bout potential rebound for the singapore share market last nite provided
1. dow jones can keep its upward momentum and stay up at least 100 points -in the end dow jones index gave 2/3 of the gains to close up about 50
2. singapore stocks need to go above yesterday (thursday) high only will they trigger buy signals for many of the them - so far very few seems to be doing that
since the conditions needed to trigger rebound have not materialized, can relax now
additional point to note : nikkei open gap up but when singapore market opened, nikkei has also given back all the upside and now trading in negative zone. i think traders are now waiting to see how hong kong stock market opens at 10am
cheers
rooney
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