US market continued its rebounce last night with 102 points up to closed at 11518--it's one month high, Dow has rallied for more than 1000 points over past seven trading days. What a strong rebounce. The western markets showing "signs of bottoming", the shanghai market had a marvellous bullish reversal daily candlestick pattern yesterday, after I "complained" it in the previous post. As for now, I have "no choice" but switch to "long" instead of short. And do remember market is always fluctuating, do not chase if it already run up high, buy on pull back, when it forms a higher low.
STI broke its immediate term downtrend line yesterday, had its "one leg" to upside now. If it had a pull back higher low than rebound upside again. Its 2nd leg would consider get in, we will see....
Will update you again.
Thursday, October 13, 2011
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