SET Index : Wait for the 912-923 support zone
February 11, 2011 Leave a comment
The SET Index behaved as forecast and closed the September 2010 gap to 973.21, but will of course need to come done quite a bit more over the coming week or so. There is some support at 923 or so to 912, and this range is but a bad day or two away. We think there should be a technical bounce if this range is hit by Tuesday, but for the time being, do not be fooled by the dead cat bounce moves.