The start of 3rd quarter....

For the past few month before today , where 2nd quarter end.. the market was down down and down... but suddenly .... for the past few days it had been rising with the timely or so-called planned good news

1) Greek Prime Minister George Papandreou gained approval today from lawmakers to implement his 78 billion-euro ($113 billion) package of budget cuts and asset sales after winning parliamentary backing yesterday for the bill

2) Stocks extended their gains after consumer confidence rose to the highest level in 10 weeks, as falling gasoline prices provided relief to Americans contending with 9.1 percent joblessness, according to the Bloomberg Consumer Comfort Index.

The question now is that whether will the market continue to rebound or drop again as the window dressing get "undressed".... For STI , i can see that the rise is due to the heavily weighted uob,ocbc,dbs,kepcorp,sgx and the jardine family.....

So.... from this observation , i can say sti is just giving a fake impression of "rebound". However , if these stocks are able to hold their gain , the rest of the stocks will "catch-up"... Up to individual to intepret my writing...caveat emptor...

By the way... top pick of this quarter ====== >>> SGX !!!!
1)Big dividend is coming.....
2)Continous Trading whole day
3)minimum bid decrease

From chart point It seems to be repeating its cycle... Whole know might see $10 again..