Saturday, September 1, 2007

STI Outlook for 3 Sep 2007


As Bernanke & President Bush have promised to help sub-prime mortgages, more uptrend in the following week. Currently, almost everyone believed that Fed will drop interest rate on 19 Sep 07 Fed meeting. We will wait and see.
I have added R1, S1 & Neutral lines in the charts. These lines are base on some calculation on past week data. If Indices are near to R1 or S1 it will tend to move back to neutral if trading volume reduces.

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