STI in September
September 1, 2008
We could probably say the bourse has entered into a rangebound mode and would probably continue so for as long as the next 2 weeks before a ‘breakout’ might possible occur either charging it to 28xx or bring it as low as 265x. That said, one thing to note in general forecasting is that you’re always putting out only a very general picture. The crunch lies in filtering downwards into very specific possibilities so that when the market moves you’ll be ready to take the ride.
Let’s see.