Dow surged 99.5pts to end at 13,878 while S&P500 added 8pts to close at 1525. Wall Street was boosted by rumours that billionaire Warren Buffet is keen on taking up a stake in Bear Stearns. Is this the BIG one? I think not or I believe that this is not the BIGgie... The market breath is still weak and has formed a negative divergence. How much more upside? Only the market can tell... :)
STI and KLCI should continue to test their recent highs. STI to test 3,688 while KLCI to test 100-day SMA at 1,333. Happy Trading ppl but remain cautious!!
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