ISM services report showed a big slowdown in the services sector of the economy and it showed business activity falling in January for the first time in five years. Market sentiments was really negative. Is it another hint of a recession?
DOW - 370.03 NASDAQ -73.28 S&P -44.18
Hopefully, DOW will not close below 12,100 by end of the week or else technically it looks pretty bad and more selling will come. Scary............................
Will ASIAN Market open lower on Wall street's fall? Obviously. NIKKEI -368 and it might even drop further and test 13,000.
For STI, I just hope it won't go down and close below 2,960 level. Today is just half day trading, hopefully the Bull can still fight with the Bear. :)
HAPPY CNY 2008. HUAT HUAT HUAT ARH!!!!!!!!!!!!!!!!!!!!!!!
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