Monday, October 4, 2010

The End?

Could the recent breakout of 3000 points for STI be the beginning of the end? I see the 3300-3330 level as a potential point to spark off a correction which magnitude is greater than what we saw in the past 1.5-year bull run. In other words, 150 more points to go?


To ride this upwave, my recommendation is buy half of the stocks you want at STI 3150 now and buy the other half should there be weakness to 3000. Prepare to sell after crossing 3300.