Thursday, 15 November 2012

It is official that ALL our market sentiment indicators have turned BEARISH

Dear Friends,

With Financial sector turning bearish and joining the party, all major exchange (NYSE and Nasdaq) and sectors have all turned bearish.

Our market sentiment indicators have been providing us with timely views of the market. Over the years, sometimes I tried to go against what our sentiment indicators tell us, and most often I was burnt (because of itchy hands). So I suggest we all pay attention to what our market sentiment says, just play along it.

Try to avoid being bullish now. It is ok we just sit on the sidelines as not losing is already making money. Or try to day trade only. If you are swing trading, just sit tight and get your cash ready... once opportunity comes, we pounce back everything!

Huat ah! I am looking forward to a wonderful chinese new year, ha!

STI is the Only Flower stuck in a pile of Cow Dung! - The only major index in Asia that is in the Green

Dear Friends, A few days ago, I issued a post on where I think is the accumulation area of STI - 3300-3350. Yesterday it dropped into thi...