Dow, Nasdaq, S&P500, STI 24/08/07

After looking at these 4 charts, most of them are trading in light vol & on the uptrend. This has 2 meaning. either there's little seller or buyer. What I do think is a trap for everyone. BB are trying to push up the price and retailers are still cautious about the market. Once the vol has pick up and move to a uptrend and passed the 50MA. We should be expecting a drop. As I had said it's either way the trend will move. I will be taking up position after it has touches and passed the 50MA, but with small trades. We do not want to be caught in the downtrend and neither do we want to miss the boat. Load in half of what you are intending to buy. Do play with undervalue counters. If we see Dow breaks the 50MA with high vol, we should be quite safe. The sub prime issues are being factored into the market already, we need another bad news in order to have a downtrend. Maybe Yen issues or china issues and etc.

Anyway is better to miss the boat now then be sorry as the market is still very unstable. I have a feeling that fed will not be cutting the interests rate. Will update more news later on. I also remember FED did bend his rules for the 2 banks, which there's an article at cnnmoney.com. Moreover next 2 weeks will be light vol as 1st of Sept is US labour day.

For the last week, we had seem many shareholders buying back their holdings as we can see in the SGX announcement.