Market still in uptrend. Despite Greece, Goldman Sachs... etc, it is still going up.
IBD reports favorable breadth (IBD 100 still rising).
8th consecutive week of gains.
Back in Singapore:
GS sparked off a round of selling in the local market. Now we have had 5 days of almost continuous broad-based selling. My broker suggested that this is a safer time to buy, as all the contras are wiped out.
Also gives an opportunity to select stocks based that have retraced slightly (not below a previous low) on low vol... as a way to sort the wheat from the chaff.
I missed these: Accumulation shown by small bursts up on high vol and retracing healthily on low vol.
Missed this one as I was busy at work yesterday, had already shot up after I looked at it.
Don't chase now, too risky...I'm half invested in a bull market, so doing OK...the bear can appear and turn profits into losses within a few days, like in Jan. Buying on pullback will help to avoid this.