Never see day light since the start of the Rabbit year and trading well below the start of year 2011.
Analysts and Feng Shui experts who have predicted a good year for our stock market went into hiding now and praying that the market will go back up again before the end of the year, or else, they have to close shop.
Being a professional Sismci trader, I have been caught too since I didn't liquidate any of my stock holdings. I'm not bearish, the Singapore economy is doing well, why the weakness?
The big funds are moving the markets. Our stock market had a good run for the past 2 years for them to lock in good profits and divert the money elsewhere. They will come back again when the market is cheap and valuation reasonable.
Simsci seems to have good support at 3460 levels, being a very short term trader, I will long above this level with small stop below it.
3 comments:
good call! hope you got some contract.
its a trade that have a potential for a good run holding just a little longer with small lost.
at least this is what i hope for haha, have been unloading quite a bit already, what a relief.
Good, at least see some daylight.
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