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Thursday, January 21, 2010

Waiting For a Break

The major indices DJI, SPX and our STI are at their support now, after a fierce drop previous day. Overall, the general uptrend is still intact. A break below 2880 could lead STI lower to its next sppt 2845 or even 50dma. But What I want to say is: IT's STILL TOO EARLY TO CONCLUDE IT WILL HEADING DOWN. So my strategy is to watchout those stocks at their major support and long if there is a rebounce. There are good opportunities out there...

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