Prop are joining the banks nearing uptrendline. But the most troubling thing for any correction will be US continuing strength in breath and adv-decline.
went on too short when shuld just apply the strategies mapped a while ago.
stops
DBS - 13.20 (trendline), 13.00 (breakout pt)
Yangzijiang - 1.06
Chinaaoil - 1.23
http://www.tradersnarrative.com/the-mother-of-all-momentum-thrust-years-2998.html
http://www.kirkreport.com/09/sp_oscillator_9_17_09.gif
http://www.kirkreport.com/09/battleforsept.gif
Thursday, September 17, 2009
Monday, September 7, 2009
Market Reviews
As much as I am downside bias, I will give doubt to a "triple top" in the STI. Time is running out for the bears, it has to show this week or breakout to 2,750 will be the likely case.
Shorts -Sectors that are shortable if breakdown
Commodities (surprised, surprised, where the inflation talk)?
Banks
China
Long
Properties
hyflux
hyfluxwater
sarin - only valid tmr
sinotel
last note: in the event we break pass 2700, i will fade the strength
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