based on TA, I personally believe the CI would see a small rebound for this week.

Based on past TA, oversold situation hit a few times during major recession.
1997/1998 - ten times below RSI 30
2008 - only five times below RSI 30

Today, the market oversold below RSI 30 for the second time. and historical data also shows that minor recession only took you two time oversold to rebound, especially within the ten year non-major recession period.

Tip: The faster it drops, the earlier we nibble.

boy can't wait.

This post has been edited by primepeng: Sep 26 2011, 03:06 PM

no wonder 6kl queue turns into less than 3kl queue at 0.25.

This post has been edited by primepeng: Sep 26 2011, 03:08 PM

Market Outlook as at September 26, 2011

small rebound after this. because of oversold, and possibly bollinger band is converging again before the next trend comes in.




This post has been edited by primepeng: Sep 26 2011, 03:30 PM

it's way outside BB's lower band. if it squeezes, chance of it returning into BB is high. I believe a small rebound and sideway trading. Since CI so far away from BB last friday, it has to rebound some time in the next few days.

This post has been edited by primepeng: Sep 26 2011, 03:41 PM

EPF needs to compromise their burden perhaps, starting with people of age 59. well...
Looking at different angle, perhaps EPF needs to accumulate more cash to help push up the index during GE...

This post has been edited by primepeng: Sep 26 2011, 04:00 PM

we should exchange CI with GPRO and SMARTAG. jk