Judging from the top 30 volume and the chart of STI, it seems as though there are still a lot of sellers looking to sell their shares and some short selling. In the near term from the landscape of what's currently happening to the penny stocks and blue chips, I expect a little more downside first before we see a small rebound. When the rebound happens, I would need to judge how strong the demand is before I know if there is going to be a rally and if it is sustainable. My eyes will be watching Noble by then.
Ronald K -
Market Psychologist -
A Stock Market Opportunist
