Monday, June 15, 2009

What's next?

Ok, now that I have cut OCBC, I will be looking at Dow Jones in the morning. The level to watch is 8600. If it breaks strongly, I will be looking to cut loss on Capitaland as well. If not I will be watching for any rebounds that take out the previous high on a half-daily chart. The stocks I am watching will be Wilmar, DBS, UOB, SIA, and even OCBC. I do not watch many stocks, just the banks and some strong notable ones. Strong stocks give you time to cut your losses small in a downturn, while they also tend to rise up faster than others should the rally resume.

Please feel free to email me or comment regarding any stocks you are interested in. BTW DBS should be cut too.

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