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Aug. 2--The short-term odds are improving, based on the positive signs in the global trend, despite the mixed signals in the Thai market. overall, a delimited bet on the upside appears applicable, while adding to that should wait until we see more positive signs, such as the rebound in volume.
The corrections in New York and Tokyo, which both began in late June, appear to have ended last week. In chart C, the Dow has already finished the 6th wave down, based on the upturn in the stochastic indicator. The rebound that follows is likely to boost the Asia-Pacific and Thai markets, particularly when the SET and the SET banking index are fluctuating near the key supports at 625 and 210, respectively.
...Source: HighBeam Research, Short-term odds improving for the Stock Exchange of Thailand.