SET Index : Treat the pending correction as a time to buy

Thanks to S&P’s classic and very timely move on US debt, the chances are the SET will come off to 1075 or so, but we doubt it will fall below the gap closure price at 1068, unless of course there is another big sell-off tonight in the US, in which case we may even see a dip on the SET to nearer trend support at 1060.

We are buyers on the dip, and expect 2 or 2 days at most until a strong rebound is seen.

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