Finance Sector (FIN) : Buffet dead cat bounce will not alter 820 as downside target

The SET FIN sector has another 5% or so to come down before it finds decent support. There may well be a ‘Buffet buys BoA’ inspired dead cat bounce in Thai stocks, but 820 here we come.

If 820 fails to hold this year – yes, we are looking far in to the future here – then Thai stocks will have a bad H1 2012. and for the FIN sector 730 or so could easily be seen next year.

From 878-885 this sector is a sell

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