STI 05/09/07

Nothing much to update, just that STI need to break the MAIN resistance at 3420 and the 50MA, then we will have a better direction. I believe that the chances of interests rate cut will be high. Just that I am still having the bearish feeling of the market. When the meeting is over. So I will still do nothing for the time moment. I do not want to be a trade, would want to convert to a long term investor, that is why till not I haven't highlight any counters. I will be re organizing my portfolio after this issue has been settled or just before FED meeting.

Tomorrow I will then do the charts for DOW side. I will be expecting market to be flat for the few days till the FED meeting. Maybe it will slowly climb up and break the recent high, but it may takes abt 2 to 3 mths for it to reach that level. This is just a safe side prediction. Anyway do feel free to request for any charts. I will chart out and let you hear my views on the counter itself. :)

update at 1.37am. Vol in dow is picking up. I think the retail investors are coming into the market as we can see the vol is more then the pass few days.