My Trading Adventure
Huge correction on the way?
CP TEH
Publish date: Fri, 21 Jun 2013, 06:36 AM
CP TEH
0 2,918
All the writings in this weblog are mainly for PLEASURE reading purposes. I am in NO position to recommend a call(BUY/SELL). Please check with those know-hows before you make a decision. Yes, I am just a learner, with only five years experiences in KLSE. So, please BEAR with me.
DOW closed 350 points lower. Now ... with Bernanke talked about QE being pulled out, markets all over re-acted badly, and over-react in this case. GOLD dived below 1300 and we see a huge drop in a day!! It has been long we do not see HSI dropped 600 points!!
KLCI? Still resilient yesterday ... only dropped about 10points ... but we shall see a drop of 20 points today, to the support ... remember last Thu we have a drop of 30points and it rebounded up ... and we are back to the square now? OR ... perhaps we shall see the gap filled this time ... 1720 is next level.
Also, with the HAZE ... covering our eyes, we could not see clearer what is hitting us. Cheap sales by end of June ... next week.
Are you still bullish?
Luckily I have cleared many when it gapped up two days ago ... and holding to some plantation counters ... and now, with such bearishness ... expect to get stuck for a while, or think of short technical rebound trade.
melaka trip : Tmr I will be driving down ... it is not a good plan as the haze worsen. Guess I need to stay indoor in the hotel, instead.
Happy riding down the trend ...
TEH
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Discussions
1 person likes this. Showing 15 of 15 comments
the million $ question is how long the correction will continue? now struggle to stay above 1740...
2013-06-21 09:15
better wait for few days more for bottom fishing, as at yesterday US 4 trillion have been pull out from emerging market
2013-06-21 09:25
KLCI is testing 1743 support now...today close should tell us where KLCI is headed...
2013-06-21 10:25
Easing QE means US economic rebound...soo investors are going back investing in US... leaving emerging market...just kena sabar sikit coz nobody knows when KLCI will rebound..
2013-06-21 10:45
as at now.. CAC DAX FTSE up abt 0.6-0.8%. DJ, SnP, Nasdaq futures up abt 0.5%...
2013-06-21 19:26
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Jonathan Keung
haze is hitting everywhere down south. muar just declared holidays for the schools. malacca is also affected. smog everywhere. advisable not to travel. highway also hazy
2013-06-21 08:57