I haven't been trading actively since my last posting to share with you how to watch out for the "stars".
For the last 2 weeks, the market was probably in a no 3 no 4 (不三不四) situation where it was neither going up nor breaking down. It is basically in state of confusion and in a limbo until we can see a clear winner between the bulls and the bears. I will probably continue to stay on the sidelines until i can see trades that give me a better risk-reward ratio.
Straits Times Index
Let's do a quick recap on STI. My previous post was here
seems to be a nice 4-D number and a pretty strong resistance. It seems unclear whether STI is going to break above 3,090 to resume its bull run or consolidate sideways and form a double top but i will …