Monday 20 July 2015
MARKET SENTIMENT - 20 JULY 2015
Now is back to old boring sideways range. Mr Market must break above the resistance and go back into the trading channel.
Greece drama is over. I had been emphasized that the BB is using the media to create fear in the market.
You should have made some kopi-lui if you have been buying on dips.
Be greedy when others are fearful. - warren buffett
Some readers have asked me that why I am so confident that the market will not crash due to the Greece and China issue.
Cos I don't see any bears around for the next 1 - 2 years. Both fundamental and technical analysis told me that Mr Market is not due for a market crash yet.
It is the knowledge and my system that gives me confidence to stay invested and keep buying on dips.
Support Level 1: 2100
Support Level 2: 2050
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