Thursday, 2 August 2007

Get ready for more volatility

Yesterday we saw the regional markets take a beating as the bears charge in. There is a good chance that it may not be the end just yet. Today we may see a rebound due to Dow's positive upturn last night. Dow would likely rebound to 13,450-13,550 range before easing again. KLCI could retest the 1,350 levels again while STI could retest the 3,480-3,500 level again.

As for the portfolios, I am not doing anything right now until the market settles. For now, keep cash :)

No comments: