18 months of bear has been over. Over the period, many gurus has called for bottom but it actually found only after an unpredicatable hugh plunge.. I strongly believe we are in new bull market.. (Opss, you might says eveybody knows about that haha).. but i don't just believe what people says.. the conclusion drawn after some effort/study on 10 year STI historical data.. A longer bull typically is way longer than bear. That is to says current 6 months rally is nothing, we are in a longer than 18 months bull?? Long term definately yes. Current consolidationg is heading for another huge bull rally? My take yes.. The longer it takes the stronger the resistance will turn into support in later formation. You can see the consolidation coincide will some level of STI movement level plus fibo level? Not shown in the chart. LivingStones trading styles: it doesn't matter if we could predict the market direction. It matter what we have been reacted to the market direction. Why don't sit tight with the bull else we will just buy at higher price again...
No comments:
Post a Comment