Another huge selling

[Speculatist]

From historical record of STI, after this second round, if it did not rebound back in next 5 trading sessions, the correction could be then more than 1.5 months.

 

 

Now, if you do not holding anything long, I suggest watch. If you hold , can consider sell into strength or rebound.

 

 

Today STI behaved like in 2007-03-05, except that day, the rebound recovered 50% intra-day loss, and today, the rebound only recovered 30 points, which is about 25% of the daily loss and at the lower side.

 

This does not look quite similar to what happened in March, but more like what happened in May 2006.

 

I suggest ,in this high volatile market, stay sideline for the moment. Do not easily trade, of course, do not over trade.

 

 

STI we watch 3359. If it is broken tomorrow, it will be like last year May. Hold your money and waiting for next bull run and let's meet at Year End rally :)