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Bangkok Post, Thailand, Nikhil B. Srinivasan Column.
Byline: Nikhil B. Srinivasan
Nov. 6--As I write at lunch on Wednesday, the technical charts I tend to look at are signalling that a reversal on the SET should be imminent (they have been doing so since Monday's close).
Typically, these charts can be quite accurate at indicating short-term reversals although they have not produced much recently in the past few weeks given the tremendous exuberance we have seen in the markets. Does that mean one should not look at technicals or ignore any other type of overbought signals at times like these? Perhaps but there will always be consequences.
Let me address a few issues today, starting with the concept of technical analysis. ...
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Source: HighBeam Research, Bangkok Post, Thailand, Nikhil B. Srinivasan Column.