Wednesday, August 17, 2011

Death Cross

Looking at the big picture again. STI has technically stepped into the Bear zone, STI below 200ma, making lower low and lower high since early this year. If you have seen the Index of other market, most market already have their the death cross signal. (50ma cross 200ma).
Short term wise we are having a rebound, not sure how long this will last, but it will be good to reduce your long position when market is on its way up. Again, always remember your stop loss.