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Wednesday, April 7, 2010

Market Update

The US market bullish. Dow Jones is about to touch 11,000, S&P 500 continue climbing up, in a slower speed as market deemed to rise extended. It can pull back anytime.

Major Indices numbers over night:
Dow 10970 -4
SPX 1189 +2
Nas 2437 +7

Hang seng will resume its trading after two days closed for holiday. It's bullish set up from the chart.

STI generally looks bullish, any pull back is our buying opportunity. It's 25 pts away to the important psychological level 3000, currently trading at 61.8% fibonacci retracement level.

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