一个比较简单的 Now that STI has jumped up quite nicely, led by buying in big caps/index linked stocks, much of the bearish views have to be discounted already. In fact, the sharp reversal from a bearish breakdown when it went below 1670, to a bullish V-shape bottom at 1643, is a GOOD SIGN of a significant bottom at 1643. See attached chart. The downward momentum has been lost. A new up trend has started from 1643, especially since it is able to trade above 1702 today (It will be better if STI can close above 1702). Conclusion: Market has turned around from bearish to bullish, possibly for the next 5-6 weeks. Target is above the 1805 recent high, possibly 1900 by Jan04.