Recently, STI has rebound strongly against the support of 2523 for the past few trading sessions. However there are no solid evidences that global economics will improve in the next few quarters; in fact it may deteriorate in 2012.

So what actually drive the rally?

Do hedge fund managers actually turn bullish on the stock market and start to buy?

Or it’s a trap for retail investors so that fund managers can unleash their remaining holdings before the market crash?

FREE Seminars on the market outlook by Daryl Guppy

Daryl Guppy is an independent technical analyst who appears frequently on CNBC Asia. He runs training, analysis and resource workshops for retail and professional financial market traders involved in stocks, CFDs, warrants, derivatives, futures and commodities in China, Malaysia, Singapore and Australia. He has his own trading company.

In this seminar, he will share his views on the market outlook for ...