25 Aug '11, 7am

Daily Comment on the US and SG market (25/08/2011)

DJIA made a good run yesterday, closing +144 pts at 11,321 pts. When I took a look at the intraday chart, DJIA made 2 rallies in the day. The first rally came when the market opened after the positive US data was released at 8.30pm (Singapore time). Then profit taking takes place till DJIA bottomed out at around midnight. The second rally came after that. Yesterday, I talked about those who missed the rally will come in again. It seems that they formed this 2nd intraday rally. I took the opportunity to take profit from …

Full article: http://thefinance.sg/2011/08/25/daily-comment-on-the-us-a...

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