Stock Trader: Are the Bulls back in action?

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Are the Bulls back in action?

Posted On 7:21 AM by Ng Leong Yee |

28 Jan 2010

STI

Hang Seng

Dow Jones Index

Recent market fall are affected by lots of factor.

Major impact such as Obama Speech, China's bank tightening... and what's next?

Drawing back to technical view, indicator is showing bullish signal. Are the bulls back in action?

STI is very near key support level 2700. If that support are going to break, STI may turn into trend reversal (Down trend).

If you intend to go long tomorrow(that's if market is up: confirmation), my suggest is to reduce your position and stay caution.

Don't forget to set your strict cut loss especially in this kind of situation.

Cheap can go cheaper. Capital protection is priority.

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