STI up by over 100 points in 2 days
trader88 — Tue, 24/03/2009 - 20:52
Another bright day, thanks to the good shows performed by Dow Jones last night. Many traders are getting anxious now, kept wondering whether it would be too late to buy later, if they don't buy now.
Well, if the trend turns up, for sure there will still be plenty of time to go long. One has to be certain the uptrend is clear, that means to let the market charts its own course with more bullish confirmation.
Should one wish to be early birds, make sure to stop loss if the uptrend turns out to be another false one, as evidenced by previous failed attempts (twice) by STI to reverse from bottom.
It might not be a good idea to be early. It is true that "early bird catches the worm". But it is equally true that "early worm gets caught by the bird". :)
