Technical Analysis is the forecasting of future financial price movements based on an examination of past price movements. Like weather forecasting, technical analysis does not result in absolute predictions about the future. Instead, technical analysis can help investors anticipate what is “likely” to happen to prices over time. Technical analysis uses a wide variety of charts that show price over time.
STI has a bear flag formation, if the last low @ 2529 is taken out, expect the STI to hit 2270 and then go further down to interim TP 2255.
Dr. Chan Yan Chong's comment on the stock market's dead cat bounce (psychology and human behavior) is based on Situation Analysis (SA) — The danger of short is to be caught in a severe short squeeze; those who shorted are "short-squeezed" and sitting on heavy losses now.
Fear and Greed Index at 71 or Greed on 4 Mar 2016
Fear and Greed Index at 14 or Exteme Fear on 8 Feb 2016
Fear and Greed Index at 13 or Exteme Fear on 21 Jan 2016
Fear and Greed Index at 10 or Exteme Fear on 15 Jan 2016
AirAsia (weekly on 19 Sep 2012) ~ A good chart example of Dr. Chan Yan Chong's bull trap scenario