All in a day's work

I have a friend who asked me on numerous occasions if I'd regret not deciding to enter any long positions in this recent rally. I have to admit that on numerous occasions, I am very very tempted to say yes, it's the bottom but as you can see from my previous posting, none of it says that I'm bullish in the long term YET. This post is no different.

As you can see from the chart,

1. The green line and arrows are points of resistance and support since 2009.

2. 1950 is still the point to break for STI, which has been tested but not broken.

3. 5d MA, subject to individual opinions, has been broken. (5d MA is a indicator for me for my trading positions. If you do not agree, just ignore this point. It's a personal strategy.)

4. Volume has relatively picked up in recent trading periods.

5. A rebound of 100MA occured.

All these points to a not so bullish rally as YET so for people still holding to positions, just be a little careful with the 100MA and the Green Line. Once broken, it might not look rosy. Just my opinion.

From a broader view,

HOW DOES THE FOLLOWING ISSUES SOUND TO YOU.

1. Job Losses/ Retenchment

2. Coys Closing down / Liquidation / Cashflow Problems

3. GBP Growth

Maybe I'm just pessimistic but..... unless I'm proven otherwise, I won't think that it's the end or rather, it won't drop back to the previous Lows.

History of Dow Jones: Click here

Have we bottom yet: Click here

Just my opinion and do not let it be the reason of your financial decision cause I would not be responsible for any losses or gains that you suffer.

Critics are welcomed.