Is the market correction near??

Posted by slts > 2013-07-20 09:30 | Report Abuse

when everybody are so bullish the turning point is very near. take your profits b/4 they are eroded. don't say you'll hold it for long term or target price have not reach yet. you will regret it later. lately the target price on stocks promoted by analysts keep on adjusting higher & higher. commonsense will tell you that they are looking for buyers to exist. the market is generally over value now. those high flyers especially the property, construction & oil n gas sectors will fall sharply when the music stop. any comments ??

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10 comment(s). Last comment by lotusf1 2013-07-20 11:10

TuaHuat

1,462 posts

Posted by TuaHuat > 2013-07-20 09:45 | Report Abuse

Perhaps. Probably in Sept. I guess.

sean

312 posts

Posted by sean > 2013-07-20 09:46 | Report Abuse

When everyone is greedy, it is time to fear.

Hoo Ann Teo

875 posts

Posted by Hoo Ann Teo > 2013-07-20 09:59 | Report Abuse

point is , u r an investor ? or hit & run kaki ?

lotusf1

1,159 posts

Posted by lotusf1 > 2013-07-20 10:00 | Report Abuse

Some stocks are overbought n there4 due for corrections ;bullish cycle-bcz of inspiring dividends n jumps in profit to buyers..the TPs of these compnies revised to give fair value that they deserves(compnies) ....its just perception thing....when u sell a little tontake profit ,its corrections.

Kamaru BahariBakar

267 posts

Posted by Kamaru BahariBakar > 2013-07-20 10:20 | Report Abuse

Thank you for remind us abaut technical,sometime I forgot abaut techical indicator when single stock in bullish trend. I agree with lotusF1 that some stock are overbought and therefore due for correction. According to Trade Signum, bullish trend is over very soon, before hari raya.RHB Research suggest as follow: R1=1800 and R2=1826.

lching

1,402 posts

Posted by lching > 2013-07-20 10:34 | Report Abuse

broader market is dued for correction and the million dollar question is when. however in view of rotational play in different sectors, individual stock can still perform.
Hoo Ann Teo.....hit and run kakis are investor too.

AngChoo Choo Ben

2 posts

Posted by AngChoo Choo Ben > 2013-07-20 10:43 | Report Abuse

You are the only few that stay awake. Remember this is a classical case of castle in the air . leaves some money on the table and exit quietly.

cck321

2,832 posts

Posted by cck321 > 2013-07-20 10:46 | Report Abuse

When one is making profits, the mind becomes so skewed to one side until they forget the duality in life. What goes up must come down. When? Well, for each individual to decide.. Beware of Greed. That is the downfall.

lching

1,402 posts

Posted by lching > 2013-07-20 10:52 | Report Abuse

agree with you AngChoo Choo Ben, always no harm to take some profit.

lotusf1

1,159 posts

Posted by lotusf1 > 2013-07-20 11:10 | Report Abuse

If thes ever be corrections klci by how much...as long DJ &SP jumps ,world shines...bcz FED qe remains...crdit cycles n liquidities bullish la...?why in de world we wish to dwell on this matter...as stocks are like that in nature.its a remainder that everyone ,u, and me knows and fully awre of .

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