Monday, 11 June 2007
Technical rebound today?
Strong close on Wall Street on Friday may help both the KLCI and STI to rebound today but chances are it is an opportunity to sell rather than to buy. Blue chips would likely be under pressure still while lower liners may continue to shine. Nevertheless, keep in mind that waves lift all ships, whether big or small and now the waves are heading south. Hence, this run for small caps could be of a short-term nature.
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