The Train Has Not Gone Far Yet !
If you are concerned you have missed the train, above is a picture of where we are now as compared to the onset of bull in 2003.
STI has risen by 300 points from March 10 to now. It cannot go on rising another 300 points every two weeks without taking a break. The index is very near to a major resistance at 1,770 ( Fibo 61.8 ). Any weakness at that point will give the late comers a chance to go long.
Olam: My broker friend has been advocating Olam the whole day!
STI has risen by 300 points from March 10 to now. It cannot go on rising another 300 points every two weeks without taking a break. The index is very near to a major resistance at 1,770 ( Fibo 61.8 ). Any weakness at that point will give the late comers a chance to go long.
Olam: My broker friend has been advocating Olam the whole day!
Labels: Market Direction
posted by Market Wizards @ March 26, 2009
Comments: 0
