Wednesday, August 24, 2011

STI - Is BB Still Buying?

Last week, those who emailed for a market outlook. I specifically chose Mon and Tues as a very important days and I said those 2 days are critical because the BBs will emerge themselves if they are willing to push the market higher or continue it's downtrend. I said: "mon and tues is a critical day. If no BB buys or if buying power is weak, then we are going lower to the 2500 range. However if no BB is selling, thats great too. I think we might see a v small rebound before we go lower. "

In the coming days and weeks, I have a trading plan to continue my personal campaign in this chicanery market. Anyone who still have positions or need a view, you can email or call me.

Ronald K