Wednesday, December 06, 2006

The bad signs

I took profit from FerroChina and added another batch of STI PWs. I didn't like the gap up yesterday and no follow through today. Indicators are shouting for reversal. STI hit trendline resistance. Trading volume crossed over 2 billion mark. Banks had moved... ulu stocks hogged the top volume.. it pays to be alert. Seriously, downside risk is higher for now. I will feel alot happier if there is some form of correction or retracement. Today's STI closed with a possible bearish harami. We need a black candle tomorrow to confirm. Let's watch on.

No quickpick for tonight as I am not looking to buy any stocks tomorrow.

My holdings:
Lao Hong

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