Analyzing the chart of STI since the panic bottom at June 4th till today, there is no serious damage to the uptrend. Of course, there are profit takings here and there because who wouldn't want to take profits along the way? Looking at the STI chart, the uptrend had been very steady. There wasn't any major profit taking or short selling yet. When you think we reached the so called resistance, it surprises you by piercing through. That caught many short sellers and I saw many were cutting losses. I am a BBs follower, until I see them putting out major shorts, or else the uptrend shall continue. I will monitor day to day until deluge of shorts are released by the BBs. :)
Ronald K - Market Psychologist - The Big Speculator
