27-08-2013, 09:19 PM
(27-08-2013, 02:58 PM)felixleong Wrote: STI red again today
down 1.5%
http://www.marketwatch.com/story/us-to-h...beforebell
STI down 9% over the last 3 months from its peak of 3400 level to now going towards 3000 level (refer to chart attached)
one more red session and the sti will enter the -10% bear zone
fears looming over US again, the debt ceiling, the raise of interest rates, the tapering of QE
time to be greedy when others are fearful? feel free to share your views
STI support broken, next 2950.
Be greedy too soon also a cause for concern.