The Broad Market Indices

STI yesterday went into its previous resistance area at 2705-2730 and unable to break it. It's undecided at this point of time, but STI has to go up above 2705-2730 to save the bulls. Otherwise my bias is to downside as the TREND is still DOWN.

The US market is relatively stabilised and more "bullish", and the Europe market also rebounded strongly after the good news from EU banks rescue plan. As a comparison, the Hangseng Index and Shanghai index no strength at all to rebound, I'm really wondering where the "Real Crisis" is.

Dow's major resistance level is at 11500 thereabouts, if it break above this level, market is going to rebound strongly. Dow closed at 11416 last night, 100 points away.