SIMSCI 14-June-2006

Again , yes again , DJ closed in negative territory. Nikkei and SIMSCI followed as expected. However, it is very interesting to see Nikkei and SIMSCI indeed moving up from low opening. Intraday chart shows me a uptrend is building up for SIIMSCI, though it is too early to conclude now. It gives a feeling that these two asian markets are trying to shrug off the dirt caused by American counterpart. I am watching closely for possible trade setup.