Dow and Europe fell sharply again last
night. Dow - 335 at 16659. Short term trend of Dow is down again.
Dow's future is now -21. Europe opened down. The reason for Dow's
sharp fall was slowing down in European economies which is really bullshit.
Asian bourses were mostly down. Nikkei
-178, ShanghaiC -15, Hangseng -446. STI closed -30 at 3230. Volume
was 1.4b shares. Gainers were 110 to 374 losers.
Trend of STI is down again.
Top volumes were IHC -0.5, Noble -2.5,
APAC unchanged, MirachEnergy -0.1, MDR unchanged, GoldenAgri -0.5, Genting
-1.5, TopGlobal unchanged, InnoPac -0.2, Xpress unchanged.
STI opened down and stayed down the
whole day. It closed at day low. It was a sea of red. Most blue chips
were down. Penny and speculatives were also mostly down.
Europe opened weak but Dow is looking
steady.
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