Advice on Technical Analysis on SGX Stocks, how to trade it with japanese candlesticks..and trade with other parameters to gauge the direction of a particular stock if it is uptrend or downtrend..Of course this is only my personal view with disclaimer on my website. "To check Disclaimer, it is on the left top of the website here"

Saturday, May 8, 2010

When fears took over your emotion...?

Well, Yesterday's DOW dropped the biggest points in history. STI followed suit. This has been affecting the retail investors as well that it will go further down.

But DOW did actually recovered from one point in time. So STI would follow suit too. What I am trying to say here is don't let fear over-rule your emotion, but instead take the dips to buy some and ride on the mini-Ewave if possible. When STI dropped till 57points at one point of time, take a look at the percentage and also how those blue chips stocks perform.. What I meant is were they stabilised at a price? Dropped further? If it is stabilising at one point of time, lock it in as it is a catch !

Even the non-blue chip has picked up too. But I rather chose blue chip than the non-blue chip. So, yesterday I managed to get CapitaMall @1.85 for 27lots and CapitalComms @1.13 for 10lots. Will ride on the mini-Ewave soon for these 2 stocks at least to dispose off half of it. Let's see.

Thanks,
Star-Trader

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