STI Money: Bourse Set for Further Run-Up
Monday, February 12, 2007 0 Comments
Today's Straits Times Money section on Taking Stock has this headline:
Bourse set for further run-up
I noticed after monitoring Money page headlines for the past 4 years, when the newspaper said it is going up -- it's time to Take Profit.
That means you can get ready to sell on SIMSCI. The big boys should be taking profit soon, if not already started.
Look at the STI daily chart for the last 6 months, it is doing pretty well. However, look closely what happened over the last 2 weeks. The STI index has been hovering around 3,200. I suspect a correction is due soon. And with the Chinese New Year holiday coming up, the STI will traditionally take a break and cool down a bit. Not only the big boys will take profit, the bigger retail traders will also take profits to have a happy Chinese New Year!
In fact, as I am writing this blog, the market opened down: STI nearly 50 points and SIMSCI 5 points. So be nimble and be decisive with your profit.
Bourse set for further run-up
I noticed after monitoring Money page headlines for the past 4 years, when the newspaper said it is going up -- it's time to Take Profit.
That means you can get ready to sell on SIMSCI. The big boys should be taking profit soon, if not already started.
Look at the STI daily chart for the last 6 months, it is doing pretty well. However, look closely what happened over the last 2 weeks. The STI index has been hovering around 3,200. I suspect a correction is due soon. And with the Chinese New Year holiday coming up, the STI will traditionally take a break and cool down a bit. Not only the big boys will take profit, the bigger retail traders will also take profits to have a happy Chinese New Year!In fact, as I am writing this blog, the market opened down: STI nearly 50 points and SIMSCI 5 points. So be nimble and be decisive with your profit.
