Update...

DJ made a -ve closing of -175... ben said risk of recession...also said will react timely and cut rates to salvage... insert fear n give traders reasons to take profits from this 3 days rally... another reason is EU's poor economic data implying sharper slow down ahead... another good data is lower then expected US trade deficit implying exports are helping to buffer US's economy...

despite the dip, DJ short term is still bullish, but on the line...friday's performance is critical is whether the bull is sustainable...

Asian markets have made a 3days rally to turn the short term bullish, but again, watch for sustainable gains, can we hold the gains is the impt question for this rally to go on. sti shd not go <2990 or have to close above it for today. everyone is watching to react, this few days are judgement days. DBS gave better then expected results, a sign of relieve...

what we need to see today, a gap down, but not to the extend of negating yerterday's gains, n buying interests to come in selectively while the index hovers with no big movements.

remain cautiously bullish, take portion profit of those overdone stocks.

watch today...Heiwa