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Square off position 4 Apr - STI needs a breather n
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iPunter
Supreme |
05-Apr-2007 10:11
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In big bull markets, the pros used to talk about a "healthy correction" to shake out the frivolous and also weaker players. They (ie. the pros) will then re-enter the market to partake of the further climb on more firm and 'solid' ground. By all indications, this seems to be it, after the recent big correction last month... |
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taybc1071
Senior |
05-Apr-2007 08:36
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Hi hotstock, mind to share with us the "similarity" you have observed? Tks |
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chinkiasu
Master |
05-Apr-2007 02:34
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I agree with you hotstock, and doing same too... have a good holiday... bon voyage.... |
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hotstock
Veteran |
05-Apr-2007 00:22
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Hi All, I have squared off my positions for most shares except LMA. I am off for holiday. I do find similarity in today historical high mirroring with 27Feb Minicrash. Most conditions are there and whether it will be another in the making, my guess is 50-50. |
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hotstock
Veteran |
04-Apr-2007 11:45
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After the end Feb minicrash and it back to peak, I think STI is bent for a breather. If you are sitting on profit, I suggest you take it off the table now. |
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