The Awaited Correction

==== Small Talk in the Market====
Yesterday(posted after 12am), we have experienced great volatility in the market where we seen a Morning Glory where STI open at 3,826.81 running up to 3,856.36 which later become a Looming Afternoon when it got tired and slips to a low of 3,788.88 before closing at 3,810.72.

===What Happen and Thoughts===
This has caused a great commotion in the midst of the bullish market and we saw a hugh selldown across the market.

The possible cause may be
1) The awakening of the credit woes in US.
2) The Uncertainties of the Fed Meeting in the weeks ahead on 31st Oct.
3) The fall may be a memoir of Black Monday on October 19, 1987.

Well, this is inevitably good for me as I am waiting for the bear to strike from my sale of Lian Beng. With this pullback, I hope to get some cheap bargains to ride the year end rally in Nov.

I am very interested to see how counters like Courage Marine, Sky Petrol(Fund House just entered), Ezra(just posted good results) and of cos China OilField Technology(IPO start trading) will react with the negative sentiment, especially when the experts in ShareInvestors are triggering the sell call.

Of course, the more adventurous can try to short some counters tomorrow for quick gains.

Quickies for shorting
Raffles Education
UniAsia( left peanut)