With each day progress, the market gets trickier with a lot of uncertainty and huge volatility. So the question is, is the bull ready to charge for STI? I strongly believe there are some secretive buying in the past 2 days for STI, however for today, I expect the market to open positive in the morning and maybe turn red later in the afternoon. I don't think the bull is ready to charge for a rally yet. The secretive buying is not yet finished and it takes time to accumulate and flush off the weak holders before a rally is warranted. Like yesterday, short in the morning and watch for the K Turn to cover shorts. The defining moment will appear where the bull will be taking lead strongly, but as of now, the time is not ripe yet.
Update: Thurs, 15/9/2011 10.44PM
The market opened green in the morning and came down later on. With the K Turn, the market rallies after that.
Ronald K
