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Monday, June 16, 2008

SSE COMPOSITE INDEX APPROACHING MAJOR SUPPORT

Wow... it was crazy week for the past two weeks.... most of the China counters heading south...Is it the signal for us to be more bearish on China???

Finally SSE broke 3,000 supports last week and started the second leg of downtrend move. Now they are heading to important support area (2,700-2,750). So, we expect to see more selling will continue till SSE come near 2,750 mark.

REMEMBER, Quick reversal can happen anytime once SSE touch the major support..

Huat huat huat huat arh........!!!!!!!!!!!!!!!!!!!

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