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Monday, August 13, 2007

Dow Jone Index 13/08/07


Dow Jones looks healthy after the massive injection done for the past few days. It will be trading ard this range of 13100 to 13700. I do expect another drop before the rally takes over. We should be quite safe for at least today and tomorrow. If today it touches 13700, then I might be worried. be the end of this week, it should be able to touch 13700 then either it break the resistance or another drop to 13100 then forming a triple bottom which is a bullish signal. but it shouldn't break the support at 13100 or Mr. Bear will be setting up his tent and camp for a few yrs.

Apparently, I strongly do not believe that mr. bear will be staying here for long due to the elections that is coming up and the olympic that is coming next year. Furthermore Singapore is strong and growing with all the IR coming up and etc. But there's always a cycle, which I am not sure if Singapore is able to pull through for this down cycle.

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