Both Nikkei and SiMSCI may track the Dow

The Dow Jones index seems to be heading for further correction. And I was wrong about the uptrend on the SiMSCI and Nikkei over the past 2 weeks. I am out of SiMSCI and cut loss at 248.5.

The Singapore SiMSCI index may just track the correction on the Dow and falls toward the 242-243 levels. The upside for SiMSCI is weak and the resisitance is around 250. I may turn short on the SiMSCI for daytrade over the next 2 to 3 days.

As for the Nikkei 225, I will be monitoring closely and wait for good level to buy.