Wednesday, November 13, 2013

5 Fast Fact on STI Chart

5 Fast Fact on STI Chart
  1. Four Trading days ago, STI gap down after a sideway trend support at 3200, this is telling us we "might" be going down further
  2. Today STI make a Lower Low than previous 3day, This somewhat confirm the Short term we are on a downtrend and there is no sign of reversal yet. Unless STI close above 3185 in next few day, then "maybe" we have chance  for a rebound.
  3. For the past few trading session, we saw a lot of sell down on Good blue chip counter. E.g ST engg, SATS, Starhub, Capitaland. This is something crazy isn't it? Seems like fund managers are throwing towels!
  4. Today even Strong Mid Cap are falling and some closed below 10SMA, this probably tell us the strong stocks going for a Break, for a while as market dont look so good. In simple term, A correction could be coming, is time to put on your safety belt or practice some Shorts.
  5. We called on Profit taking at 3209 in our Previous post, now we know that is really where the Big Boy's exited.

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           15 Nov 2013,  Fri (华文讲座) 7pm - 10pm

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