Today, I expect the market to open green in the morning and subsequently it shall return to it's red territory. The market could be due for a rebound soon, however there need to be more secretive buying to take place first and I shall be watching for that to happen. For intraday trades, look to short in the morning when you see the K Turn and long back at the bottom should buying occurs. For swing trades, I shall give STI about 2 more days before we see the real motive of the BBs on whether a rebound will emerged or the downtrend resumes. For the near term, we need to break free away from the danger zone before higher prices can be expected.
Update: Wed, 14/9/2011 8.35PM
STI did went down south in the morning and made a turn back up in the mid afternoon. Those who spotted the K Turn, you covered at the low. Congrats to those who followed my blog in the morning. I am looking to long soon once the BBs are finished with their secretive buying.
Ronald K
