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Bangkok Post, Thailand, Nikhil B. Srinivasan Column.
Byline: Nikhil B. Srinivasan
Mar. 4--STRONG GREENBACK COULD HURT LOCAL MARKET: Last week, this column mentioned the 690-700 level as an important technical support level. As I write this at lunch on Wednesday, the market is right there. It managed to have a one-day bounce last week but quickly retreated. From a technical point of view, there is no more comment to add to last week's which was that if this support level does not hold, then the next stop will be lows we saw in January. Higher up, first resistance is at 750,
Technicals do matter in directionless markets particularly those headed downwards as the SET has been recently. Technical indicators ...
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