trying to figure out the science and art of trading and investing

an exchange of trading and investing knowledge. the various postings in this blog are based on my personal opinion only and do not constitute as investment advice. The blog owner shall not be liable for any losses incurred by visitors who take investment action based on the postings.

Saturday, February 09, 2008

STI Monthly

The STI is up 200% since the start of 2003. Today, we are correcting and it is down 73% from its recent highs. Most ppl think this is a correction but technically speaking, when an index is down 20% from its highs, it is the beginning of a bear market. I thing 73% speaks volume.

Seldom are we able to pick the bottom or sell the top, I hope we can see a bottom soon. For the moment i see the bottom around 2200 to 2600 for the STI.

0 Comments:

Post a Comment

Subscribe to Post Comments [Atom]

<< Home