Sunday 28 August 2011

Bernanke seeks strong fiscal stimulus package from Obama speech on 5 Sept to complement Fed's monetary stimulus , pleads with tea party Republicans not to sabotage approval process and economic recovery once again in the name of deficit reduction ... leaves new monetary stimulus decision to 20-21 Sept extended fomc .......... The STi should enjoy a small relief rally having bottomed out at 2680 .. before political intimidation from republicans and bad news from Europe comes back to haunt markets again ..

The STi should enjoy a small relief rally having bottomed out at 2680 - first stop 2765  retrace then  2780 retrace then  2815-30  before it suffers a strong but brief  downward reaction there .. then we shall see ...

Kepcorp bottoms out at 8.40  -- first stop 8.62 then retrace then 8.72 retrace then 8.82 -  maintain short-term profit target $9-$9.12 before we see a strong but brief downward reaction there .. then we shall see ...

Genting bottoms out at 1.46 first stop 1.60 retrace then maybe 1.65-1.67  before it suffers a strong but brief downward reaction there .

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