Europe were mixed last night but Dow
fell 267 to close 16170. Dow's trend is looking down. Dow's
future is now +10. Europe opened down.
Asian bourses were mostly down. Nikkei
-340, ShanghaiC -4, Hangseng -183. STI -8 at 3196. Volume was 2.1b
shares. Gainers were 180 to 282 losers.
Trend of STI is breaking down.
With Dow's sharp fall last night, STI
gapped down on opening down 15 pts. It then recovered some grounds to close
-8. Blue chips were mixed so were penny and speculatives. Market was steady
given the weak closing at Dow and a Friday.
Europe is weak on opening but Dow's
future is slightly positive at the moment.
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