STI is currently at its support, it probably test 2770, or even worse it will down to the major support 2740, this level would offer fantastic opportunity to long stocks for a short term bounce up.
Monday, January 25, 2010
The SPX and STI
One of the simple yet effective technique is to use MA to gauge market direction. Indices are below their 50dma now. What I'm expecting is SPX will gaped down its support level, to scare out most people that think this would be end the world and have a rebounce thereafter. What I will do is to long those stocks at their major support level for a rebounce. A short time rebounce, nothing much expected.
STI is currently at its support, it probably test 2770, or even worse it will down to the major support 2740, this level would offer fantastic opportunity to long stocks for a short term bounce up.
STI is currently at its support, it probably test 2770, or even worse it will down to the major support 2740, this level would offer fantastic opportunity to long stocks for a short term bounce up.
Labels:
Investment Idea,
SG Mkt,
US mkt
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