Massive selling! Looks like I may be wrong about china plays as they were sold down in tantem today. Contra players and weak holders should already be shaken out last two weeks. Today's selling may be the final washout. I am observing we are near oversold levels and yet at the same time many of the China stocks are still seeing strength, trading at overbought levels. Key support levels are still holding. I think I had been reminded many time through my XPertTrader screening, there are hardly any quality stocks that I see leading the rally. Anyway, with 19th Oct the dreaded anniversary drawing near, I will be careful incase the market really celebrate it by selling down. Also, 17th Oct is a bradley turn date. Now that we have been sold down, perhaps we turn up instead of down? :P Tonight must check with Zhuge Liang who is master for astrology analysis.
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DISCLAIMER: This is not an inducement to buy or sell. You should do your own analysis on top of my postings.
