Saturday, December 3, 2011

New Year's Rally?

I think there will be one this year. Look at the chart below:











In a trendless market like now, RSI is a very good indicator of when to buy/sell. Coupled with news of integrated efforts of both China banks and EU to prop up the economy, the rally, is half way through by now.  
Going forward, my stance is to sell on rally, and buy on dips.


My portfolio now:

China Shares


Bought (HK$)
Anhui Conch
24.80
ICBC
 4.22
Yanzhou
19.50


Singapore Shares
          (S$)
Noble
1.15
NOL
1.80
Sembcorp Ind
4.80

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