Monday, June 12, 2006

World Cup takes it's toll on market interest

As expected the world cup has taken away market interest and our market drifts aimlessly...or did it? A number of individual stocks made their move and made impressive gains but the volume is suspicious. My dear brothers and sisters, this is where things start to get interesting. Individual stocks should be monitored closely for I think when interest returns from the world cup, we can sell to them. keke On a more serious note, a friend of mine reminded me the similarities between '87 crash and present correction. Trade with eyes open. I scanned the market, today's actions looks mixed..not much serious interest. But! Remember, individual stocks must be monitored closely for any chance for a quickie.

LandWind == Windfall? :P

SGX by popular demand. 3.50 was a rather weak support last tested at about 6 mil volume during late Febuary. Today it was broken as the stock close at 3.46 with about 13 mil volume. The next thing to note is the rebound off the 200MA. Support will be $3.40 for now, break that maybe can short? I thought I saw a recent downgrade report. Trend is obviously downtrend. A rebound can happen if Dow behaves tonight. But only a rebound..i will not buy and sit on profits.

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