$INDU( symbol for "DOW") went up and stood above 10,000 points last night. This is a important psychological level, market obviously dominated by bulls. Bears screaming out accelerate the rise too. But I do expect some correction in coming days as market already ran up almost a straighline for 10 days. It needs a break.
All the Reits related counters looks strong to me, what's on my table for today:
Starhill: 0.62 resistance
FrasersCT: 1.18 sppt just broken
Boustead: major sppt 74.5cents
CapitaMall: 1.7 strong suppt
and other non-reits related:
Kepcorp: 8.4 major resistance, long if broke
Friday, October 16, 2009
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