Update 12/08/2014
Mixture of Geopolitical concerns dictate the overbought and send the saturated market a clearer short term correction. Be it Obama's airstrikes on rebel positions in Iraq; Russia and EU Tit- for-Tat sanctions and the former massing of troops along their border, intimidating the market and Ukraine. Over at the Asia side, On DJI, Rising wedge pattern was seen in July and confirmed and broke down after one after another geopolitical concerns. DJI is currently supported @ around 16300 level. If broken, we could expect another 300 pts drop and test the 16000 level. White lines are its support levels On our local market, main driver for our current were DBS, Singtel and a few other bigger cap stocks. At the moment, OCBC seems to be leading the charge and could potentially go much higher before its XD date. Other than that, I am actually more downwards biase towards our local market. "There isn't much "hidden buying"....lololol...sry. Anyway, not much of particip