SET Index : Tuesday’s close leaves options open
February 22, 2011 Leave a comment
If the Arabs in the Middle East and North Africa take a break and stop rattling the oil markets the SET would probably comply with a swift rebound. However, when the Arab get miffed, all bets are off, and from what we have reason the situation today, there is room for some very bad news.
So if we play out a bad news from Libya scenario, which we’ll give 75% of playing out overnight, chances are the quite little spinning top on the SET day chart will end in a pullback to between 965 and 970.
An evening of quiet on the MENA front should see the index head back to or very near the 1k mark.