World Indices

Commodities

Showing posts with label STI. Show all posts
Showing posts with label STI. Show all posts

Looking for sign for the end of Capitulation

As we can see , Capitulation is happening to worldwide market due to the downgrade of US AAA rating to AA+. Beside this , there is also the euro zone crisis going on. It seems like the credit crisis in 2008 had lead to a Sovereign credit crisis.

The mood definitely bearish at the moment. So...does it mean that we should not invest at all ??
 In my opinion , we should never stop investing due to inflation that make our money "depreciate" over the years. Timing at this type of situation is very important.

 So , i had done a simple TA using fibo retracement on a weekly chart, which marked the potential support.I will suggest buying in batches @2693 , then @2394.If a cross over of the stochastic happened , i will show hand.



Good luck to all Investors ! cheers

Year End Window Dressing Rally ????

STI
2 pick from STI.
Capitaland
Wilmar
UOB also rebounded from the low.........

STI

STI been breaking all the support and these support become immediate resistance. It will be testing support of 2697 tomorrow. Whether it will break will be decided by All the major indices , SSE, HSI and DOW are extremely over sold. We should at least see some technical rebound. I will sidelined and will not initiate any new positions until it reach fibo retracement of .