Bloody Monday

We were down -3.98% today to close at 3,667.87.

If we breakdown a further 100 points, this could be a bad turn of events for the local market.

3,600 and 3,500 are very strong psychological support. A breakdown of these two, especially of 3,500 will just put the momentum to the selling side.

Today is just a knee jerk reaction of what happened Friday. However, the fundamental story behind equities, especially of foreign ones - don't look that good anymore. There are certain quarters saying that the global economy will likely slow down.

I won't post further. I think the market bleeding is enough, I won't let my fingers join in too.

Good luck tomorrow! (and tonight, for the DOW).