Thursday, April 19, 2007

CI DOWN - STILL CHINA'S INFLUENCE

CI down yesterday in tandem with the fall in China markets.

They said the fall was that the Chinese government will increase interest rate.

As usual for the market players, the herd instinct still persist. Everybody sold their positions.

Who is buying then? That is zero sum. Profits are made from losses by others.

Almost all markets fall yesterday with the Singapore markets getting a severe beating.

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