Thursday, October 20, 2011

STI - Dearth Supply


I am looking to long STI either today or tomorrow, it depends. STI is currently in an undefined trading range. This trading range could represent a lack of supply. Of course this is my view and you need not follow me. There is no clear waves at the moment and it's risky to take a position. As mentioned earlier, the riskier for me, the better it is because it allows my skills to be elevated to the next level. If you want me to give a level, I will be opening my eyes wide at the 2680-2685 level. Of course, it might or might not reach there and if it does, it doesn't mean you buy there. Always watch for real buying/turns before you long. I will be watching for the K Turn to double my confirmation.

Ronald K