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Raymond Chng
Remisier
Lim & Tan Securities

raymondchng@limtan.com.sg
raychng@gmail.com

Friday, May 7, 2010

STI 07 May

STI rebounded from -60 to -24 in the morning. Licking it's wounds from the fanatic sell down.

Sentiments still bearish but it will rebound from today's low to the 2856 resistance for the next 2 days before continuing the downtrend.

Volatility is at it's peak and be cautious on the reversal if you have loaded today. Lower your expectations and book your profit once you know it's going down.

Trade with EXTREME CARE and TRADE TO WIN..

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