I think by end of next week, market will continue the rally that begin last year, correction is over for now.
Those who buy bravely this week will be reward. Will be covering my short, and not let trailing stop to do the job as i don't want my profit to be eroded, since i am sure makret will turn bullish soon, following next week.
Will turn long on most commodities stock.
This is not a call, but to share my opinon because i am vested , so i am biased.
I do not think China int rate is the last , more on the way, to push market higher, after Greece election, if coaliton is form., CBs will add more stimulus into market to beat recession, these will make market soar higher.
Most indicaters are telling either a big move up or big crash , but i believe 70% up if past historical data are of any indication.
Be prepare for bid move up, but i will have stop for all as usual for the just in case.
I did not buy Sakari,, i bought Noble , olam and oil and gas stock. Sakari is under presssure due to Indo govt politic, i will give it a miss for now.
I believe this time next week , mkt will be better, now we got Greece hurdle, then we will be ok, hopefully. all data are turning bullish, hopefully.
I also bought into some penny, i dont state here,.for reason best known.
I trade, so i am biased, so i will not state those potential big losses if got ppl can get stuck, i do not hestitate to cut it warrant.
This week if event turn in my favour i see a few % gain ahead og mkt, but lose 8% to 10% if thing go south.
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[cheongwee 11-06-2012]:
I did not buy Sakari,, i bought Noble , olam and oil and gas stock. Sakari is under presssure due to Indo govt politic, i will give it a miss for now.
I believe this time next week , mkt will be better, now we got Greece hurdle, then we will be ok, hopefully. all data are turning bullish, hopefully.