Lunch Time Report

Well well, rough morning eh? So SET went below my predicted support of 1020, with heavy selling all around, especially Banks and Energy stocks, but the index is still hovering around 1016-1020 area. The bearish momentum seems to be slowing down a bit in the late morning session, as the daily RSI is likely to have entered the oversold area, causing such a fast sell off in the early morning. Well, not much to say now. It's a wait and see game now. Will the 1016-1020 area act like a stack of fluffy pillows and lead to a slight rebound; or will SET take a second round of beating in the afternoon session? Or should we just stop watching the ticker because even if it keeps going down, it's too late for us to have the courage to cut that loss...hehe.