Business Services Industry
Mid-December Dip Will Test Strength of Thai, World Markets.
Knight Ridder/Tribune Business News, December, 2003
By Anant Tantuvanich, Bangkok Post, Thailand Knight Ridder/Tribune Business News
Dec. 8--Stay alert to a dip this month, down to a trough near Dec 16, which will occur in many world markets, including the Thai market. This decline will help us gauge the strength of the global trend, by watching whether the key supports will hold up by mid-December.
An example of the cycles warning of the decline is shown in the Nasdaq. And, there are cycles in the Thai market that also point to a mid-December trough, though not based on the same cycle length as in the Nasdaq.
The trough zone should be around Dec 15 for New York, and around Dec 16 for the Asia-Pacific markets, plus or minus a day or two. The Nasdaq should be relatively resilient early...
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