After some shocks, STI manages to climb back to 3000 today. The previous support at 2945 holds and upon clearing the 3000 mark, the new support will be 3000. It is still weak but as we approach the window dressing months, I would expect STI to remain above 3000, unless there are other sudden mishaps in the US / Europe / China.
I have come a long way in understanding the market and consistently profit from it, battling the greed and fear. Proper risk management and careful use of strategies help. I was once an inexperience and fearful investor so I understand what is it like to feel lost when the market turns against you. Taking this opportunity, I would like to share with you my thoughts on the market and perhaps some technical tools to help some beginners to start off. For those who lost money in the market, you may email me with your trade details so that I can better explain to you, using technical analysis, on what had gone wrong, purely for educational purposes so that you can avoid such mistakes in future.
As I have just started this blog, it may take a while for me to populate this site with information. I will try to put some interesting content in this website.