I figured that I can always go back if things look interesting for me again.
I always try to respect my stops. Not doing so caused me great losses few years back.I will never make that mistake again.
 |
| chart by bigcharts.com |
My position remains in $STI for now. I expected it to range inside the box (.90-1.00+) for a while. Although I do not like the direction of the general market, I'll give $STI more leeway for it showed itself to be resilient.
The index
I am seeing the index ranging between 6800 and 7000. Either a breakdown or a breakout of that range might be at the horizon now, and it will determine the direction that the index will take.
I am not really intending to add to my positions for now. I want the market to show me clear directions before committing any more funds. I will just watch the stop of my current position while waiting for a better market condition.
No comments:
Post a Comment