If you have sold the stock as per my last post when you start to realize that the STI is unfavorable (in the morning), you would have made a profit of 5%.
Though its a profit, but for my TA, its a lost. Because, I am expecting at around 4 days whereby the STI would be dropping. And had you not taken profit,you would have made a 5% lost already.
Looking at today's charts, there is a hammer formation, which is suppose to be bullish for tomorrow, but its a weak signal.
The Strong Signal that I am expecting is: If the STI closes below 2128 tomorrow, you can more or less happily short the market, or buy STI puts, because chances of the market correcting is VERY high.
No comments:
Post a Comment