SET Index : If 999 fails, 985 will likely be retested promptly on Thursday
March 17, 2011 Leave a comment
The SET Index’s day chart is a messy affair, and is currently at 999 which we have pointed out as the key level in recent comments.
A failure to hold today has 995 as support, with 985 possible tomorrow unless global markets rebound, and indeed some good news is heard from Japan. At this stage we feel the SET wants to rebound and remain strong, and the next 2 days will be significant. The nuclear issue does have the ability to derail the global equity rally, but it is not yet clear if indeed this will happen.