Taking Stock: Market Mood Likely to be Bearish
Monday, March 5, 2007 0 Comments
The STI Taking Stock's indicator is here again!. If you have been following STI Taking Stock column, you'll be amazed how accurate it can be to indicate Singapore stock market sentiment.
So you have to act according to the sentiment and not what the analysts want you to hear.
If you would have been taking profit and selling since my last post, you will be in a good position to start accumulating at good prices soon or even now.
The STI may drop futher to break the 3,000-point mark. However, if you do not monitor the market daily, you may just want to start accumulating now for the next high - beyond 3,500 within this year.
So you have to act according to the sentiment and not what the analysts want you to hear.When Taking Stock's Mood is Bearish, Start Buying
Now, it's time to get ready to start buying. The STI has suffered a large drop last week and many traders are still licking their wounds.
If you would have been taking profit and selling since my last post, you will be in a good position to start accumulating at good prices soon or even now.
The STI may drop futher to break the 3,000-point mark. However, if you do not monitor the market daily, you may just want to start accumulating now for the next high - beyond 3,500 within this year.
