19 September 2013

STI Index Closed at 3251

4th gain in a row since Monday, what a ride, my SembCorp Industries closed at S$5.13, I thought it would never go above S$5.10 so that was a big surprise, and I just read the news and found that the US Federal Reserve decided to continue their bond-buying program, stock markets over the world gained due to the news, I was still thinking of what might happen tomorrow, now I'm quite sure tomorrow STI will continue to rise, I think we don't need to wait till October for it to cross 3300, it might just happen tomorrow, no wonder STI is suddenly so bullish, it's double good news, confirmed no attack on Syria plus maintain bond-buying means investors have more confidence.

Now the question is how long will the rally last, but there's no point to take profit now since it's obviously an uptrend now, people will be battling to get their money inside the markets before prices get too high, I think I can wait until SembCorp reaches S$5.20 before I sell.

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