The market is always full of surprises and the condition just gets trickier. Looking at the STI chart last friday, I saw some panic selling which might provide a boost for a technical rebound. I am looking to long instead of short however at the same time, I am cautious and mindful of any emerging supply.
Update 5.02PM, May 14, 2012
There was a rebound to long counters like CMA and true enough there was supply to flush out all!
Ronald K - Market Psychologist - The Big Speculator
