Tuesday, 10 December 2013

Another 30 points drop in STI today! When will this stop?

Dear Friends,

A Million dollar question in the mind of many singaporeans is when will STI drop stop.

I am looking in this region, 3000-3050 as the support of STI.

If STI is in this region, I would be going in to pick up some stocks to test the water! If it goes up, I would accumulate somemore.

If STI drops further to 2950, I would add on my positions!

I think 2950 might be the lowest point should it drop there. Would update more on our views of STI.

Rgds
Daniel

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