STI : 2600 ???

Time : 9am
Mood : fair

i have been wondering since May 09 why the current market is going up despite negative news all around the world ? Well, luckily on 15th July US market release positive news about new money injections and positive news on companies repaying debts, it eased my mind on why the market is so crazy.

Singapore market have been strong since May and i have a good 6th sense that this 'so call' recession is actually a gimmick already. STI have rose more than 1000 pts over last 5mth. Imagine i were to buy at the lowest point !!! Woo... However, it is actually these times which test the emotions of human being as the market went up and make people guess the next directions with different views.

Well, i don't care, the only thing i care about is the background of the company and i think it isnt any good time to target blue chips now. However, i found a way to ride the waves yet able to big high and sell low . Using bolliger band and stochastics chart to give me indications on the market movement have been good so far. I sold SGX at a high of $8.80 yesterday and expecting it to adjust back to the range of $8 plus/minus again before i go in market. May my dream come true ...:)

SG stocks i am holding:
Kep Corp
SPH
F&N

SG stock just sold:
SPC
SGX

SG stock i am aiming:
NOL
Parkway Holdings





to a better financial future