Saturday, June 22, 2013

Yes the market has rebounded showing a white bullish candle.... but overall it is still on the downside. STI tested the 61.8% fibonacci resistance level last fri and failed to break it.
Market is still shaky therefore be careful if u are looking to long. my prediction is there might be more downside expected. ADX indicator still shows a strong bearish trend.
healthcare stocks are to be watched. in lieu of the haze,stocks such as medtecs and healthway. highly speculative in nature.



i also believe that US markets has reached its peaked and is in the first wave downwards. Be careful!

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