Passion For Trading: February 2012

Wednesday 29 February 2012

Every pull back is a buying opportuntity

1st stage of bull run. Little or no pull back will be seen. Every pull back is a buying opportuntity.

Monday 27 February 2012

Support 2900. The more it drops, the more hungry I am.

STI down -1.1%. The more it drops, the more hungry I am.
Support 2900.
Waiting Patiently for buying opportunity.

Pull back has come. I believe a lot of people are waiting for this pull back since they have miss this rally. Don't dare to Long as market is overbought. Want to short but no signal.
Every dip is a buying opportunity.

Thursday 23 February 2012

Pull Back seen

STI fall below 3000 and have break the trendline. Pull Back seen. Long due correction has come.
Waiting for opportunity to Long.

Tuesday 21 February 2012

Straits Times - 21 FEB 2012

Today STI went red in the morning and closed flat in the end.
1) Profit taking in place.
2) Market don't seems to like the aids given for Greece bail out.
3) Maybe Market already factor in the Greece bail out news.
4) Good news is STI still supported by 3000.

Monday 20 February 2012

Resistance 3060-3070 & falling window.

STI manage to stay above 3000. Still mantaining its uptrend. Is a piece of good news.
Resistance 3060-3070 & falling window.

Straits Times - 20 FEB 2012

STI went up for 12.7% for YEAR 2012. Funds are flowing into Asia.
STI managed to stay above 3000 on Friday.
Next obstacle to overcome will be the falling window.