Monday 16 September 2013

STI - 16/09/13



















STI rebounded +2.4 % last week. 

For the month of September, STI rebounded +3%.

Just 3 weeks ago, a lot of my friends were asking about:

Will Syria cause a stock market crash, I replied "NO". 

Big Boys will make use of this NEWS to create fear in the market and causes panic selling. And they will buy them back cheap from the market. 

So which one are you? 
1) You sold because you are scared or 
2) You bought because you see this as an opportunity or 
3) You don't know what to do

"Be Fearful When Others Are Greedy and Greedy When Others Are Fearful" - Warren Buffett
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SG Market Sentiment - Bearish

Support level 2950 ~ 3000

Resistance level 3300~3350 & 3400~3450

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