Sunday, February 8, 2009


I was cautious for the week with no idea of where the market is heading. Many of my trader friends complained about the difficult trading condition recently, obviously not making the money they have been used to during the past few months of market volatility.

Market is consolidating at these levels in a narrow range with the leaders of the various countries rolling out different rescue packages to salvage the deteriorating economies. It's indeed scary to be bombarded with bad news one after another everyday, it make traders nervous to go long and at the same time fearing to short at such low levels.

Profit to date is S$16,035.00

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