Tuesday, August 30, 2005

At Critical Support 910

The rebound was brief and weak. Everytime the bulls tried to push up, the bears pushed it down. So now we are back at the 910 area. RSI shows that the index is already oversold. No sign of reversal yet, but the chances are getting better for a rebound. No guarantee though.

My performance is not good for last week. My bet on Quest didn't work as well as I like it to. It did manage to shoot up, but quickly fall down back. Now I'm back to square one. Most probably I'll cut my lost.

Other counters which I plan to cut are Plus-CA (the mother is back to bearish) and Sumatec.

If you want to read other's analysis, then I suggest that you read the blacksheeptrading site (

No comments: