Since the market last bottomed on the 23rd March when STI falls to a level of around 2,200, it has rebounded some 400 points to end this week at 2,614.
We have seen volatility drying up a little bit since the "exciting" days of circuit breaker, when major indices like the Dow going up and giving up gains and losses of between 1,000 and 2,000 points in a day.
The past 3 weeks since market bottomed it has been on a rebound and there were many that were calling this a dead cat bounce or some that would call it a bear fake rally which is meant to trap investors.
The market continued to breach one resistance line after another in the past recent days as market participants remained convince waiting in anticipation that the market will retest the low as many were still holding on...