We are now at a very critical juncture in global stock markets.
First, Dow Jones Industrial index is now very near its critical support at 10750, currently 11215 (the last defend for the Bulls),
Second, Shanghai Index is also very near its major support around 2400- 2500 level, currently 2576.
Third, STI is also near its support around 2745- 2850 level.The question now is, are we heading for a Bear market OR we are near the best buying opportunity in the Bull market?
To be frank, no one knows the answer. However, I do believe in probability and I think even if unfortunately the world turn into recession, there will still have a good rebound when all these major indexes hit their major support level.
This is especially so on China stocks, where they were heavily beaten this year but only one month to Olympic! So, my conclusion is that, we are in the best buying opportunity now and we should not miss the chance!In the next one to two weeks, I will start featuring some stocks which I think have the potential to go higher for your reference.
You can access these recommendation in the membership website at www.him.com.sg and some by emails.So do get yourself ready and prepare to invest.
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