The Art Of Growing Money: Charts Galore!

Thursday, November 24, 2005

Charts Galore!

Time is 1:37am now...i'm still not asleep yet. There are simple too many charts for me to post! :D Decided on the best 8. 8 means huat ma! keke Oh before I forget, I was out for lunch today, and as i stepped out of the car, a flower (those from the trees small small yellow colour one) floated right into my shirt's pocket! :D I thought it was good omen. And needless to say, we all saw how market rally in the afternoon! hahaha

On a more serious note, the market is behaving exactly what I had anticipated. Please read from Sunday's article right though to today inorder to understand what I meant. There are still lots of people not sucked into this bullish run yet. They are still non believers and hoping for retracement and corrections. This is good. Because one by one, they will be tempted by their greed and start to get vested. Not to forget those people who sell into strength. That will be how our STI will move 1 step down, 3 steps up. With the FOMC deciding to stop hiking the interest rate, stocks flew high today. As I am typing this last sentence, US market is rallying due to oil drop. Many people shouted for US market to correct. But time and again it defies. Trading is not so straight forward. Expect the unexpected! Just make sure you sell or buy when what you anticipated happened!