Analyst Reports 24 – Near and Probably Broke Support
Long time since i posted. And I have been facing some problems uploading Analyst Reports files into Mediafire as well. It says that my router has a problem when I never had the problem before. Apologies for that. Will have to troubleshoot till it works again.
After the meteoric rise of several indices, the pullback has finally come. I was wondering when it will happen. Only China SSE seems to continue its slow and gradual crawl up. Which is good. 
HangSeng seems to have broken uptrend support on the way down. STI is on the verge of doing so at its support level. With STI at 15x PE (near historical 16x PE), it might have only a bit more to rise to normalisation. But forward-looking, earnings would improve hence the index should rise gradually over time.
Good to have some healthy pullback s that my RSP can catch at a lower point.
Let’s wait for the window-dressing period again and see whether markets will go up!
I’m still pretty pessimistic about US though.
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Other Posts
- Analyst Reports 13 – Support Broken?
- Analyst Reports 11 – Indeed a Flying Start
- Analyst Reports 8 – STI Breakout
- Analyst Reports 12 – Sinking after Flying?
- Analyst Reports 18: Expect the Unexpected?
- Analyst Reports 15 – The Downtrend Begins?
- Analyst Reports II – October 2008
