Wednesday, August 29, 2007

Bull vs Bear (29 Aug 2007)

Bull vs Bear

Bulls and bears both increase. Hmmm..... what does this mean? Gap at 1255 has been covered. Volume traded continues to reduce. Since the ghost festival is over, hopefully we can have a better market. But 3rd quarter is generally a bad one for stocks. I think it is better to just watch and shake leg.


The Smart Investors said...

Yeah sitting at the sidelines would be smart. Although I keep looking out for discount stocks. Recently purchased Uchitec. Great company althought not too famous. Look it up.

swifz said...

My analysis says that it has peak at 3.40 and is on the way down. I don't see any bottom being formed yet.

Fundamentally, I will avoid export oriented stock due to the appreciation of the Ringgit.

Anonymous said...

Festive season coming. Merdeka, Hari Raya, Deepavali, Christmas coming. Good for consumer stocks like YEELEE.

swifz said...

yeelee looks interesting. Forming base. Will keep an eye on it.