Thursday, February 7, 2013

STI profit taking again ??

STI could be profit taking again if break 3268, the prices is telling us that someone is not buying anymore or someone is starting to sell already.
How? The price is not rising above the previous high since 3 day ago, prices is starting to fall. Cant tell whether it will be a small profit taking or a correction or a crash but taking profit before a long holiday is always wise thing to do.

Alternatively if you think market gonna be bearish you can have small short position to hedge your portfolio.
E.g your long exposure is 50k, you can have short position of additional 10-20k
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