Working in these 'gloomy' days are still as exciting as it was during the 'brighter/bullish' days. It would be an act of god for anyone to predict where the bottom is going to be. I can give you a number today and the next minute the indices is already testing/hitting that number. KLCI = 1,200, that's where we are now. STI = 3,100, that's where we are too... so what now?
Working on a longer term chart, I find that my ex-boss' view could be right. Are we heading towards the 1,100 levels for the KLCI? Are we heading to 2,750-2,800 levels for STI? At the rate the markets are falling, everything could end in a month's time. :)
Time to buy again? Yes, but not today.
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