Saturday, February 26, 2011

The bear market will be interspered with many rebounds... the first one is coming right up

The first happened on Friday yesterday, with counters registering bullish engulfings on the daily chart, and the STI rising 50+% after a 10% correction from Jan. I am quite certain we will see a meaningful rebound all the way into April. I hope to add more positions over the first few days.

Some counters to consider:
1. Wilmar - looking very yummy at current levels

2. F&N - strong reversal

3. Genting - I am now reconsidering, given its ability to hold at current levels

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