The SET on Tuesday
February 22, 2011 Leave a comment
Just as things were starting to look really quite good the Libyan meltdown should force a decent pullback this morning. The first gap on the chart should be closed – meaning a dip to 982-983 is excepted, and if very lucky (if you missed this rally) it may dip to 978 or so.
However the market will likely rebound very quickly, be it later today or alter in the week, so follow the cash, and re enter the many stocks that have seen massive foreign buying over the past week or so : Banks, energy, some property, perto etc.