singapore stock market - potential technical rebound signals

potential short term trading opportunities on friday 13th

i am getting excited a bit as i scan my metastock and realized a few positive signals on the horizon

1. many stocks have been creating lower highs over the past few days - so when there is breakout of previous day high it signals a short term reversal

2. dow jones overnite is up - at the moment up 110 points (1am friday morning)

3. quite a number of stocks closed near day high today (thursday) indicating a short term reversal in momentum

all i can say is that if Dow jones can end the day up more than 100 points, then there will be lots of short term trading opportunities in singapore on friday the 13th haha

some of the hot stocks -

china hongxing

mercator

sino environment

ausgroup

first resources

sinotel

oceanus

ferrochina

china taisan

sunvic

watch their day highs for thursday, if stock price on friday can go above day high of thursday, then it will signal a short term BUY signal on friday

****** I would CUT LOSS if prices go below the day high of thursday

Happy hunting

cheers

rooney