Wednesday, August 17, 2005

Market still dropping

Alamak, where is the rebound? Looks like the market is going to drop to 900-910 region. Technically, it is still consolidating because no downtrend channel has been made yet.

My strategy is to bet that the uptrend will continue. If my bet is wrong, then I should cut many losses.

Interesting counters:
Quest - make a bullish reversal with volume but sentiment not good. Should rebound from here kua.
Ftec - supported by the uptrend channel? If so, then next target maybe 0.40 liao.

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