Morning Everyone

STI covered the drop, back on the 8th of august 2011.
If the STI cannot hold above 2948 today, then likely we might have come to an end of this incredible rally and profit taking might just occur for this week.

Many counters have already considerably reached extreme zone therefore we are not advicing people to chase after them until we see a reasonable pull back for our next entry.

Undeniable, as predicted back in August 2011, the US and Global Economy will all recover and stock market will keep rising and all these are proven right.

But no market travel in a straight line therefore this cycle upside, based on my personal opinion, needs a correctional pullback, to lure back savvy investors.

If HK Future is to lose 20760 or Genting closing below 1.635 today, it will be a good sign for longists to book profit on their profitable postions.

Both HK and Genting are trading at 20920 and 1.645 as of writing (1007hr)

Caveat Emptor

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Good Morning Readers,

 We are looking at the market to trade slight higher in the morning before another bout of profit taking to start coming into the market after 1115hr onwards. (as of writing, it is 1040hr). The selling from 1600hr yesterday was not just due to the News from Europe. It was a widely expected one.

 Look out for HK Future. Breaking below 20500 will be signal for today’s selling.

 Traders can still choose to buy if they believe what they are seeing is considered resilience but in my opinion; the game for this round is over…

Kindly note, we are still bullish in the market and expect more upside for 1st half of 2012 but no market moves in a straight line therefore a healthy correctional profit taking phase will do good for the market as investors must see confidence and support after the selling is over.

Iev, if fail to close above 84.5cts… it is time to book out….
V3Go Graduate continued to add shorts on Genting, Noble, Cosco, YZJ and the Bank counters.

Kelvin Han
V3Go Chief Tainer

Read more: Did You Trade