Friday, October 16, 2009

Summary

STI: Previous anticipation of 2.7k bullishness has achieved. Dow 10k has achieved. Immediate resistance of sti 2.74k which is current level where sti retraced volatily shows potential toppish. Infact many component has toppish. If one has to call market bearish i would says now is almost the time. I strongly believe in volume. Look carefully of recent trade volume, majority counters make potential lower high at thin volume. That is to say manipulated to trap traders

Allgreen: Has toppish since previous buy call
Tat Hong: Has toppish since previous buy call
NOL: Too early buy call entry. Marginal profit. Toppish

In Focus:
UTD Env, Capitamall

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