- STI to convincingly break 3000 on news of a combined China stimulus + US Fed QE3 packages.
- STI to hold ...
Alright, there was a visible lack of articles during the last week or so on this blog. The reason is simple - the STI looks to be headed to another 3000 level resistance and the uptrend is dwindling. Instead of getting caught with the already-pretty-old rally, I have been busy winding down on the remaining opened positions that I have been monitoring (You can find the list at the "Historical Stock Calls" section). I must qualify here that I am just lowering exposure in an uncertain market and not taking an opposite view to this rally scenario.
I must be brutally honest here though, that I have little confidence of predicting the next move that the STI is going to make. These are the 3 scenarios that I am considering