I'm thinkin of this market cycle: we started at market bottom, blue chips run first, they will stall after a period of stunning upway. then it's small/cheap stock's turn... at the time market encounter certain resistance and keep on sideways for some time. It may go either ways after this, continue 2nd phase of uptrend if blue chips regain the upward momentum triggered by upbeat news, or go down which lead by blue chips too. And those who boarded lately will suffer...
I think we are at the juncture now, it either continue its 2nd phase uptrend after some time of consolidation or go down from here...lead by blue chips.
I'm lookin at Swiber as asked by GUSET, it has to break above 1.04 two or three points then I consider enter only.
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