It's already a common knowledge that FBMKLCI has been stucked in a perpetual sideways correction for months, since mid of 2017.
In fact the currently ongoing market correction is one of the longest downlegs ever measured since 2014.
It has been 133days (and it is still counting!) that FBMKLCI remained deafish, while other regional peer enjoying a decent rally.
If you look closely of the attached chart, it's obvious that most downleg since 2014 didn't last as long as the current downleg.
Does it mean the correction will last longer for more spitting from market participant, or is the correction will be ending real soon?
Of course personally, I'm hoping for the latter, a choppy sideway market is the most hated one among trader because it produces no meaningful market movement.
Disclaimer: This is a personal venting of frustration over the perpetual sideway market not to be sought as investment advice.
Created by ScrewDriver | Jan 23, 2018
Created by ScrewDriver | Jan 18, 2018
Created by ScrewDriver | Jan 13, 2018
Created by ScrewDriver | Jan 11, 2018
Created by ScrewDriver | Dec 30, 2017