good question, i am seeing closely now too.. at first nearly click SPH at 3.75.. but now price 3.70, ha ha..

then, i told myself.. what's the profit margin, if only earn $300,$400, forget it... i don't want to take high risk to earn small amount..

I think profit taking might happen today.. it might come down. so, be patient.. might be later we can get cheaper price, heeee...

of course, 1800 still stands.. but not today, heeeeeee... recession will not be cured by just 1 day.

I am going for contra today... DOW up, and my Morgan Stanley up >100% in just 1 trading day.. cool~

JJ,

In your opinion, u think 1800 still stands?

Heard from an analyst that governments backing their banks is not a long terms solution. But definitely will help in the short run.

Banks need to start lending.

Ain't it interesting to see how STI opened at 1995 today? And touch 1945 exactly yet again intraday? Heheh.

Btw, the spike to 2107 is NOT random. It's merely gap fill in action.

Critical support for tomorrow is 2069. Major ceiling is 2233 (unlikely to be met though). Serious resistance expected at 2102, 2124, 2144, 2169.

Should STI turn bearish again, 2025, 2000, 1982 are critical as supports.

My point - randomness is but a fallacy. Don't believe, try Fibonacci on Dow, take high as 14196, low as 10365. The meaning of Dow's close at 8451 would be obvious if one tries hard enough to decipher. 

Just a gentle reminder....STI shot passed 2,000 and up +128.02 points. (Mon-13-10-2008)