Be honestly I don't have a clear direction on the market, it can go either way on short term. and I will stay very cautious and be nimble. Any long position mentioned this week will be extremly short term.
Monday, August 16, 2010
Stay Cautious Ahead
The STI had a spike down to below 2932 support and managed to climb back above it on Fri to fill the gap between Thur and Wed. To the upside, I'm watching 2964 as immedaite target, to the downside, the next important level is 2897, which is last year closing price. Many fund manager will be watching this level to determine their performance.
Be honestly I don't have a clear direction on the market, it can go either way on short term. and I will stay very cautious and be nimble. Any long position mentioned this week will be extremly short term.
Be honestly I don't have a clear direction on the market, it can go either way on short term. and I will stay very cautious and be nimble. Any long position mentioned this week will be extremly short term.
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