The STI went south to 2,990.95 which is below the psychological benchmark of 3,000 today. While the valuation of some good stocks look attractive, I feel that this is not the time to buy into them. To be frank with you readers, I was quite tempted to buy into some good stocks after the performance of Singapore stocks markets last week. But I really practised discipline by not giving in to my emotions as the signal from the trading charts which I am looking at have not turn into a “Buy” signal , thus I have not entered the markets with the liquidity which I have cashed out before the US markets went south on 25 January 2014.
The technique that I am adopting to enter the markets are simple techniques. I feel that the markets tend to prefer more complex trading techniques, colourful charts and listen to some ......