Tuesday, 16 October 2007

Turnaround happening now?

At the point of writing (3.50pm Malaysia/Spore time), the market appears to be turning around. The dreaded reversal is taking place or at least close to happening. The 'trigger' for KLCI and STI are 1,365 and 3,780-3,800. A break below those level at 5.00pm today would likely confirm the ST downtrend has begun. As an investor, I would likely unload most if not all of my share holdings from now till 5.00pm. I would even go as far as 'shorting' if that was possible in the market (that is how bearish I am right now, short term at least).

So, ppl, Raya is over!! Get out now! :)

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