SIMSCI 11-JUL-2006

Nikkei Futures seems to be breaking a descending triangle in 10-min chart with failure of RSI. I expect it to lose a little bit more. SIMSCI, being one of the weak index in the region is likely to follow any fluctuation in Nikkei and HangSeng. It is pretty hard for me to be bullish, look at yesterday's movement, all the gain in the morning were given away, with good volume support. It is still too early for day trading. I am getting the feel of market sentiment now.