In my 1st July post STI at 3147, Technical analysis predicted an uptrend and suggested to buy. And market went up to 3258.
Today Technical Analysis show an advance warning that STI may turn downward. STI is 3208 now but Stochastic 80% is 3231. And 5 days moving average may fall below 10 days on coming Monday 22 July 2013.
I sell stock today. I sell China Bank ICBC and Geylang Bond to increase my cash level.
STI chart show market may start to go down
HSI also show similar weakness. Monday could be market turning point.
DJI are strong but it is too high. And investor may profit taking
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