Thursday, July 5, 2012

I am glad I did not sell out during correction last month

It has been an exciting month - my trading portfolio actually swung from negative 5K to positive.
Now, will stock prices dive again, and hence take profit?

Look at the weekly chart of STI (Straits Times Index):


It has been very bullish since 8 Jun. I believe this bullish momentum is only about half way through.
The STI should break 3000 very soon.

So, I will hang on to my stocks for now.


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