STI and HSI tried to test resistence but failed and a reversal fell into place...many counters which rallied reversed their gains quickly, trapping many players affected by the short term bullish sentiment. I hope my warning earlier help some of you avoid this plunge by having a tight cut loss.
Bears have yet to take control, situation is still range bound, with bulls and bears fighting. But the important point is, did you see how bulls and bears are created to trap unwary players??
Conclusion, be aware that the mid term is still bearish, if short term bull cannot sustain, a bigger bear will appear. Another point to note is that we are currently in a volatile period, so do not be easily convinced that a bull or bear is already in control. Things are different from the great bull days where highs keep going higher.
Cheers, remember, live to fight another day...
Heiwa, deciple of the MONK, master of DOM...
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