Wednesday, 11 May 2011

Downward reaction to heavy supply - Perfume on European PIGS debt wears off and QE2 closure jitters - - expect a STI plunge to 3090 ,Cosco executed phase 1 of island reversal , may rest for a few days at 2.00-2.10 before resuming fall to 1.80, Kepcorp -$11 here we come ..

STI - Downward reaction  to heavy supply - Perfume on European PIGS debt wears off and QE2 closure jitters - expect a STI plunge to 3090
Cosco executed phase 1 of  island reversal (see earlier post  http://sgxswinger.blogspot.com/2011/04/cosco-classic-sign-of-island-reversal.html  ), may rest for a few days at 2.00-2.10 before resuming fall to 1.80
KepCorp - $11 here we come .. 

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