Lunchtime Report
SET 1003.00 (-11.58)

Well well, looks like I've overestimated the good news and underestimated the bears.
The morning session low was 998.39, which I still consider to be in the 1000 support zone, but it's looking tough.
The small investors better make the right move because it's a killing out there.
Foreigners are selling. Institutions are scaring the hell out of the small investors to sell and then buying it right back at the low.

If it does break below 1000 today, then I think we'll see it go as far as 990 this afternoon. My target now would be 980 for the next few days, since the 1020 obviously didn't hold. If it goes below 980, then I would suggest turning off your computer and phone and cry beacause the next stop would be around 940. (The previous low on February 11th, 2011, was 937.06)

In addition, SET has officially crossed below the 200-day SMA (1005), but still above the 200-day EMA (990). It's never a good sign when you cross below the 200-day MA, whatever type of MA it is. But let's see what happens. They're out to force you to make a mistake!