Dead cat bounce today

I was not expecting a pro-long technical rebound for the singapore stocks today since i have been saying medium term technical signals are still negative.  However, the much short lived rebound, half day only, did surprise me a bit.  Never go against the market so better make a hasty retreat and live to fight another day.  Cut loss points triggered today eg synear need to stay above 0.45 as i said yesterday to sustain its short term upward momentum but it failed to do so.

Today is potentially another distribution day with many stocks closing at or near day low on huge volume…..these volume will be vomitted out when contra period is up in 3 to 4 days time…..not good man.

With this kind of market, it is better off for me to trade hang seng CW and PW on short term basis