Thailand Set index, weekly chart ;1) Notice a typical "top" and "bottom" pattern (see chart)
2) Political events (red and white shirts movt) caused a short term panic, but great fundamentals brought the Set index back on fire.
3) Expecting a sideway pattern (with wild swings); price trend is "too steep", and the govt is trying to bring the Baht down.
2 comments:
Thank you very much
i love SET index Thailand
Moise...Love reading your stuff. I have been living in Thailand most of the time in 2010. I've got one correction on your notes (#2). The red shirt protests drove the market down this spring and the yellow (not white) shirt protests were responsible for driving the SET down two years ago. Generally, the red shirts are poor, working-class people from farms in the north. The yellow shirts are the wealthier, elite, well-educated people from Bangkok. The red shirts blocked off two square miles of the main commercial area in Bangkok, while the yellow shirts shut down the international airport with their protests two years ago. Whenever I go to a shopping mall, even at 11 in the morning on a weekday, it's packed...and people are buying things like crazy.
Robbie, Las Vegas, USA
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