Hey Folk
Right now the US mkt is still in the positive territory. The trend for upmove is intact. However not that strong.
I expect asia mkt to weaken for this few days.
But not to worry, we are not going into a great drop of a a hundreds points in STI as of the current situation.
Some people ask me how i can guess the direction of the market.... Is Technical analysis. Fundamental analysis really tell you how sound the company you are buying. Yes this is absolutely important. But it cant tell you the current direction or even the precision of the price. It can only say, it good and it going up in the future.
Technical analysis tell trend and can pin point the exact buying price and exit price. Both analysis are real important and useful if you know how to use them well.
I am a pure Technical analysis trader and i do use fundamental as a reinforce on my technical analysis. Is good to know both analysis, but is hard to master both at the same time.
