Thursday, March 21, 2013

STI - Cautious Sellers

I believe more sellers may emerged today. I am very very cautious of it. Of course, some pennies may run, however in general I am not looking to long anything.

Yesterday, I had a great session with a superb audience. I showed them how I view charts and how not to correlate indices. Look at the above, STI is -20.73 points but the Hang Seng was +214.58. My conclusion is if you are trading the Hang Seng, then watch only Hang Seng and if you are trading only STI, then you only have to watch STI. At least this is the way how I view things, each market is individual.

UPDATE: 21/3/2013, 9.04am

Most pennies ran!

Ronald K - Market Psychologist - The Big Speculator