How will the market move?
A reporter once asked JP Morgan that question. His answer: It will fluctuate.
How true
. Market will goes where it wants to go , technical analysis merely study it action and use it to predict the future. We should not do is to impose our will on the market but rather listen to what the market says.
The STI has broken down the STI uptrendline about 9 days ago , yesterday, the STI move up above the trendline again. The market is very undecided . there are 3 emotions in the market :
Greed, Fear and Uncertainty
When Market is greedy, that is when price starts to move up or rally.When market is Fearful, the market get sell down .But when the market is uncertain, the market move sideways.
The market has 1/3 of time in each of this emotions.
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