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Both Dow and HSI are in correction phase.

Recent high for Dow is at 10729, and now is at 10172 (that is -5.2% from the peak). Dow's next support level is at about 10120.
Recent high for HSI is at 23099, and now is at 20726 (that is -10.3% from the peak). HSI's next support level is at about 20300.

Recently, I have been taking some profit slowly, buying back some shares (Allgreen, Midas) during pullback. I have also cut loss on Oceanus. I will continue to accumulate shares during this correction phase. Why? Because there are fear in the market.

2 comments

Alvis said... @ January 28, 2010 at 9:49 PM

Added NOL and HPL during the correction. Cheers!

Alvis said... @ February 1, 2010 at 11:33 PM

Added GAR for trading :)

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