SET Index : Wants to rebound, but Japan effect not over yet
March 15, 2011 Leave a comment
The SET chart below was captured at 3pm, and shows a reversal pattern on the make. The Thai market will only get hammered if there is a broad based institutional move out of equities on a global basis, but this seems unlikely, albeit possible.
However the situation in Japan is such that we can not rule out a worst case scenario nuclear disaster, and if this occurs the chances are the SET will have to revisit 950-970 again – just when things were beginning to look rather promising.