Market action this week has made light of the once possible W formation as the STI advances breaking out from the resistance. However, recently the surge in the index is based on what i would see as weak volume. Caution has to be taken as one trades in such volatile markets where the most unexpected always happen. I feel that there is still room for the STI to move up, but i also strongly believe that a major correction or perhaps the start of the bear market is near. On a short-term note, it will still be safe to speculate on call warrants with the STI showing signs of bullishness. A temporary one maybe. Still and again, please be careful. Happy trading! :)Saturday, March 24, 2007
Is it still a bull market?
Market action this week has made light of the once possible W formation as the STI advances breaking out from the resistance. However, recently the surge in the index is based on what i would see as weak volume. Caution has to be taken as one trades in such volatile markets where the most unexpected always happen. I feel that there is still room for the STI to move up, but i also strongly believe that a major correction or perhaps the start of the bear market is near. On a short-term note, it will still be safe to speculate on call warrants with the STI showing signs of bullishness. A temporary one maybe. Still and again, please be careful. Happy trading! :)
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