Market Review and Trends
STI likely to gap down big tomorrow
By P-T Trader  •  August 1, 2011
Based on tonight's movement from the US market, STI is likely to open with a gap down. This morning's sudden strength came as a surprise, which could very well turn out to be a false break. The market is definitely in a selling mode now, after US manufacturing figures fell to 50.9 from 55.3 the month prior. The contraction continues to weigh down on the worsening economic outlook......
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By P-T Trader
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