The Light You See, At The End Of The Tunnel..Is An On-Coming Train !

IoI Bhd.
Sime Darby Bhd.

IOI still have an impending date with destiny at the RM4.40 objective right after the brief on-going technical correction towards the RM5.23/5.35 area. The bears are getting agitated by the day.. On or before 26th Aug'08, would be a good day to square out all those speculative positions.

As for the overweight SIME, the force of gravity is not something to fight against for the immediate-term. Giving up the RM8.38 support -the last bull defense, does not bode well for "((L-A-R-G-E-S-T)) Palm Oil Plantation In the World !", just when the CPO futures bears are scheduled for a pow-wao at RM2'135/MT - circa next week!

So, don't feel relief when you see the tides retreating during a Tsunami !