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Both Dow and HSI have a good run up recently, and are near their resistance levels.

Dow has surged about 11% from its recent low at 9835 (5 Feb). Stochastic shows that it is overbought for quite sometime. Notice that its recent surge is of lower volume.
HSI has surged about 14% from its recent low at 19423 (8 Feb).

I believe the market is waiting for reasons to pullback. My plan is to accumulate more cash to prepare for the next pullback.

Thus, I have already started to take some profit SLOWLY. Why? Because there is NO FEAR in the market. Haa..

2 comments

Alvis said... @ April 13, 2010 at 8:23 PM

Have been taking some profit on Swiber, Allgreen and Sinotel for the past few days.. Cheers!!

Alvis said... @ April 23, 2010 at 10:15 PM

Have managed to buy back some Sinotel (@ $0.505) and RafflesEdu (@ $0.375) for the past 1 week.

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