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@LimLS:Market is selling down in advance of Friday CPI numbers. After 8 days of sideway movement, the sellers now have a stronger position compared to the buyers. This may leads to more selling and if breaks below 4000, it will test 3830 next. Will Friday rebound, it will depend on Wall St media. If they want the market to rebound, they can cherry pick some CPI numbers and hyped it up to attract buyers into the market. But I will fear if the market rebound on Friday because that means next week, there will be high chance of even more selling. There are too many similar past events where Wall St media hype up to create a 1 day rebound which is followed by heavy selling on the next day. So do not believe in the media interpretation. Read into details of the core CPI readings, and take in account of M/M, Y/Y difference. Check all the numbers and not just cherry pick one data.
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