21.   But there was no noteworthy market news in the region, and most of the rallies were technical rebound from hefty falls in recent trading days.

22.   But others said they see the gains as a technical rebound and doubted that they signaled the start of a rally.

23.   CAUTIOUS forex sentiment prevailed yesterday as the ringgit shed recent gains amidst reservations concerning the development of the proposed rupiah peg and a strong technical rebound of the greenback.

24.   Crude palm oil futures on the Kuala Lumpur Commodity Exchange closed higher yesterday on technical rebound and weaker ringgit, a dealer said.

25.   Dealers said this reflected a technical rebound after three days of losses.

26.   Elsewhere in the region, Hong Kong and South Korea also staged technical rebounds yesterday.

27.   European stock markets closed higher Monday, as analysts said they benefited from a technical rebound after being oversold last week.

28.   For the time being they are relieved that the deal has not fallen through, hence, the technical rebound we saw last Thursday and Friday.

29.   George Chan, senior analyst at Cheerful Securities Ltd., said the Hang Seng Index finished higher on a technical rebound, following weakness during the past two weeks.

30.   Given the current volatile market, short-term players should take an intra-day long position while long-term investors may sell on a technical rebound.