George Chan Buying Quotations

When buying momentum starts to fall off the market starts to correct and I think we'll have a mild correction today.

Investors have discounted the China Unicom share price. China Telecom is oversold so it is attracting some buying but market sentiment is weak so it may not hold up.

The market's firm because the U.S. producer price index on Friday wasn't too bad and there is continuing buying from overseas. The index should consolidate at current levels, however, although selling pressure won't be too strong.

The market is following the Nasdaq and the Dow Jones higher but there is a lack of buying momentum so it might fall back later in the day.