I had anticipated the sell-down in the US market. But the sell-down was still not as hard. It just merely crossed it's 50DMA for DJ. I had mentioned that the sell-down would drag down the STI, that's why i had taken profit early (Refer to my earlier post).
The STI picture is now more clearer. As i was writing this post, STI had just hit a low of 3045. Personally, i feel that the 3000 point will be the buying time. If it hit 3000 point, it will be a shopping time for me.
Right now, even STI goes under 3062(200DMA). The volume is very thin, showing that the big players are sitting on the sideline. Hoping that those fear sheeps will throw their money to them. I feel that it's a right time to select stocks that holds very well. Please be extra cautious on selecting your stocks.
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