Ever wonder those high volume is short covering from shorting at above $1.00???

LOL... 

risktaker      ( Date: 20-Feb-2010 12:12) Posted: Genting @ 0.90 got over 33 millions lot :) 0.905 , 0.910, 0.915 , 0.920, 0.925 all very strong support :)  If you guys know what i mean :P iPunter      ( Date: 20-Feb-2010 09:39) Posted: I have not shorted CapitaLand yet. I was placing my order@4.14, but he highest it went was 4.02. But I have sold GentingSp @1.03 just two days ago (which I bought @1.05, loss of 2c). GentingSp's low yesterday was .90, how lucky can I be!. I have still not entered GentingSp after I sold, but I will be placing my buy order very soon...

Genting @ 0.90 got over 33 millions lot :) 0.905 , 0.910, 0.915 , 0.920, 0.925 all very strong support :) 

If you guys know what i mean :P

iPunter      ( Date: 20-Feb-2010 09:39) Posted: I have not shorted CapitaLand yet. I was placing my order@4.14, but he highest it went was 4.02. But I have sold GentingSp @1.03 just two days ago (which I bought @1.05, loss of 2c). GentingSp's low yesterday was .90, how lucky can I be!. I have still not entered GentingSp after I sold, but I will be placing my buy order very soon...

Personally I don;t believe in Shorting as you got to incur on high interest if using CFD / DMA or if you are doing contra, you got to make it on the same day...

CapitaMall might be a good potential if you looking for long. http://feeds.feedburner.com/Star-tradersDailyInvestmentBlog

SOBAYOR,

star-trader

No matter which formula you use for RSI, fact is they can only be relative...

Whereas trend lines are in their own way 'absolute' points,

ie until they are penetrated, of course.

KannaSze      ( Date: 19-Feb-2010 15:07) Posted: there are many ways to measure "oversold", for example when RSI is below 30. iPunter      ( Date: 19-Feb-2010 12:58) Posted: There is no such thing as 'oversold' or 'cheap'... Everything is relative...