Wednesday, May 10, 2006

Stock Market Staged a Counter Attack!

The day began slow and uncertain. However after mid day, the red army staged a counter attack and many of them topped the Most Active stocks list. By closing, STI went up 13 points! Wow...long time no use this phrase, expect the unexpected!

However since tomorrow is the last trading day of the week, there could be profit taking. Simple, those who were squeezed or had cut loss, will still be remembering their pain and hence there is little chance they will hold over the long weekend. Infact, most of them will exit at their buy price due to the fear.

No blueline but i included a list of interesting stocks for your perusal. Given a long weekend ahead, it is not a good time to use blueline theory for now.

GrowMoney Quickpick