A few readers asked me what exactly do I mean when I stated that I am very close to calling a bottom. I will just be frank. I believe that the STI will hit an interim bottom around the 2980 and rebound. This is just my own opinion and view on the market right now, and I maintain to be corrected.

Many stocks closed well in late trading yesterday and although some were just plain technical rebound, I believe that a portion of them may have already found the bottom. I am closely monitoring and watching for reversal and of course, good trading opportunities. Olam will be announcing result after market hour today so take note if and when you are trading this stock.

Some readers jokingly told me that they actually hope that the current fall will be more serious, because they had missed previous boats. Tell you what, …