Stock Indices – Still Bearish

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2012May DAX Deutscher Aktienindex

2012May SP 500

2012May STI

All 3 indices attempted a pullback over the week, and overall the Singapore market was the weakest, closing down for the week, albeit almost flat. Prices may attempt a sideways movement or rebound next week, but overall it still remains bearish, and prices are expected to continue drifting down in the absence of any major positive news. I am holding shorts and waiting for a chance to short more.

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