Wednesday, 12 June 2013

STI gains for the year are wiped out totally in 3 short weeks!

Dear Friends,

STI today breaks the price of 3188, the opening price of this year. And this happens in a matter of 3 short weeks of trading after a 4 months increase. Yes, everything is wiped out. We are at a deficit of 18 points now for the year. Given US and Japan strong showing for the year, STI really looks a great disappointment.

This is a timely reminder that the market can be very unforgiving when everything turns bad! All gains of the year can be wiped out in a month. It is always good to be cautious when things are too good to be true, when everyday the stocks are running. Remember that Nikkei can tank 1000points in a single day amid the bullishness.

Do remember that this is a terrific OPPORTUNITY! Every market will have its turn of bullishness and bearishness. I know that KL stocks recently have a great run. The run will halt one day. Rotation will occur. And maybe SOON, it will be the turn for STI component stocks!

I am looking closely at STI component stocks, especially when it is near my targeted 3000-3100 region.


958 Interview June 28, 2018: Wallstreet is just using "Trade War" as an Excuse for the Fall! (Translated to English using Google Translate)

          Wallstreet is just using "Trade War" as an Excuse for the Fall! Last night Dow Jones fell 165 points to close at  2...