Good Afternoon Readers,
1. Both STI & SIMSCI below OP (Opening Price) by a far figure
2. Most counters are “manufactured” with a high Opening Price today, followed by huge volume thrown down on ‘innocent’ people who queued to buy at lower price this morning and now stuck with it,
3. Blue Chips are clearly booking profit… most of them are off DH (Day High) prices by more than 15-20bids…
4. Fed’s although did mentioned that they will ensure low interest rate environment which is good news to the Longists… but
it also meant that the economy need more time to recover… so the Smart Money will book on this news.
4. Last, retails are contacting their brokers and us, non stop since morning to buy and queue lower for stocks…
This is the breaking point…
Of course, the million dollar question is…. whether it (the market) will crack ?
Let’s see but I am sure the clock is ticking and this 6 days party will come to an end soon…
If I am wrong.. I apologize…
But if I am right…. traders just remember that I have warned you….. Take a rest and return from next Tuesday onwards… Now is the time to watch TV and or spend some quality time with your love ones. Watching the market will make your hand itchy…. and likely to ‘cost’ you some pocket money… for nothing….
Kelvin Han
V3Go Chief Trainer