Friday, 22 March 2013

A triple digit fall in DOW at noon US time

Dear Friends,

Now Dow is just 100 points down at noon time. If it closes today like this now, it will be DOW first triple digit decline for near to a month. In fact, I have been looking forward to a decline of some degree this or next month. So far, this month has proven to be a glorious month for the DOW because of the good economical reports released at the beginning of the month.

In fact, I am very clean with no positions in the stock market now. Somehow I feel uneasy going into the US or local market purchasing stocks as I know the risk is still there. I am just putting my funds into commodities now as I do not want a stock market reversal to hurt my positions.

This market sure needs a rest, and I probably urge you to take profit on your short term bullish positions.

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...