Monday, 31 December 2012

Straits Time Index

I am back after another trip last week.

While i was overseas, it was interesting to read "bullish headlines" about how the market will gain another 25-30% or resumes its uptrend in 2013. As usual, the crystal ball grazing provides tons of fun but little value. In fact, it might act as a good indication of an imminent correction that always occur whenever the headlines of local newspaper turned bullish (the reverse is true as well).

STI has turned into a sell for me today. My first target is around 3100, followed by 3050.

Hope all readers have a happy and prosperous 2013.


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