The STI rallied strongly early in the week but fell back in the later part. Technical wise there is a bottom forming. If the wedge could be convincingly broken through this week, a brief short term rally could ensure. But not expecting anything dramatic with the global climate still undecided. Also with the Chinese New Year break and the 2009 budget coming around the corner, no one is taking any move to spolit the holiday.
Straits Times Index
Chart from Yahoo Finance
Recent Comments