Straits Times Index

Mr Market looms in uncertain mood. With Kep and Cap Land not getting the IR deal, there was a big sell off in the morning, however, some people in the SI forum says that it is short covering. 1.) i would like to highlight, how some individuals comment on the market. From what i know, one is not able to tell if one is a genuine buyer or s short seller covering its position. Short of SGX publishing the stats, no one knows. From the 30 mins charts of the STI, market seems a bit soft and SIMSCI is constantly below the spot price. I would think it is a matter of time before the spot market catch up with the SIMSCI. STI indicators also point to come retrcement. Lets see what this afternoon is installed for us.

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