Dark Clouds Summoned by The Bears...

good evening,

as adviced this morning to stay out or cautious bears due to the poor general outlook. although there were opportunities intraday, but most ppl were being played about instead.

hsi n sti are weak, shortist will start coming in and build strength, so be careful. general market are getting beaten up well by the bears, giving this rebound tremendous pressure. but...take note of the last bottom, we are going to test the support region and buyers may enter creating a double bottom.

remain cautious bears and take your shorts until the supports area, then wait n c if the bulls enter. select your shorts and ride the wave down. there are selective stronger counters like cruise, do not touch them. short the weak counters like many many, haha, they are everywhere.

conclusion
remain cautious bears, take note of support region and watch for double bottom.

enjoy trading... Heiwa

edited 8pm