Dow is Down.Will Bursar Follow?The Dow is fickle just like the American uncertain presence in Iraq. Bursar may play Hamlet today. "To be or not to be?".
Likelihood is it will fell in the rush hour to get out when market opens at 9 AM. It will yoyo a bit before 12 noon and then it will settle down for a stabilisation phase. As Dow has been down for two days, the likelihood is it will taper off tonight and we should see a good Dow on Thursday night. Till then, Bursa will be on its own. If the ringgit continues to be strong, it means Bursa will rise to the occasion.
We will likely be influenced by local factors today.
Meanwhile, like the pretty maiden above, keep smiling and start punting.
Heartsong
Likelihood is it will fell in the rush hour to get out when market opens at 9 AM. It will yoyo a bit before 12 noon and then it will settle down for a stabilisation phase. As Dow has been down for two days, the likelihood is it will taper off tonight and we should see a good Dow on Thursday night. Till then, Bursa will be on its own. If the ringgit continues to be strong, it means Bursa will rise to the occasion.
We will likely be influenced by local factors today.
Meanwhile, like the pretty maiden above, keep smiling and start punting.
Heartsong
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