i covered back today @ 2.5..due to the large surge in vol and up bar..

signs of reversal..

charts don't tell lies.. :)

u have been forewarned..DYODD

richtan      ( Date: 16-Apr-2009 22:40) Posted: Bulls climb a wall of worry Contributed by Bully The Bear 16-Apr Have you got this feeling that you've missed out on the stock market? If you've been watching the markets, it seems that no bad news can derail STI from marching upwards these days. Forget about the general economy and the languishing GDP forecast by our government - the stock market has a mind of its own and will move up regardless of the fundamental economic situation. A few signs are worrying: 1. I've noticed that the top volume of SGX are occupied by the likes of small caps, specifically the ultra pennies as I call them. Once again, ultra cheap counters like the 0.005 digiland reaches the top position in volume transaction. Hey, did I have a deja vu that such things had happened before? I remembered fondly the good old days of the 2006/2007 period where such small caps are punted. 2. Some of the counters are climbing up with lesser volume, perhaps reflecting the same way that STI index is climbing up too. Look at ocbc's chart: Did you see the rise in price without the corresponding rise in volume? Volume divergence is the name of the game. The signs are even clearer when you look at UOB's chart. Several volume indicators are diverging from the upward trend in price. So, if you think you've missed the boat, think again. If you're a keen reader of history, you'll learn that humans never learn from their past mistakes. What had happened in the past will happen again, perhaps in another form. Don't feel missed out...look out for opportunities again and know what to do when it happens again. If all else fails, you can always feel 'motivated' by this: