A tad more upside is likely for both the KLCI and STI. The KLCI could break the 1,300 mark again soon before reaching a peak around the 1,314-1,320 levels around early March. On the other hand, STI could continue to climb to about 3,265-3,330. I believe that the regional and global markets have found a bottom back in Mar. This rally (wave 1) would likely end around the second week of May. Wave 2 correction could take about a month. Then we could finally see the strong and bullish Wave 3 around June/July. Investors ought to look to buy stocks when this pullback occurs. This could be the last chance saloon before the BEAR sets in. So, traders and investors alike, ought to ride this final leg. This is going to be a wild ride and everyone is going to be SUPER BULLISH!!! So, when the time comes (i.e. newspapers and magazines says that the BULL is back, BEWARE!!!) - that could be the end of this final leg :)
Stay tuned!!! Good luck trading!
Subscribe to:
Post Comments (Atom)
2 comments:
Hi,
Have been following your blog regularly.
Need to clarify - when you said this is the final chance to buy stock during wave 2 pullback, wave 3 is going to be super bullish, and then when wave 3 finishes, the big bear will then set in?
thanks!
The bear will set in only after Wave v of the final Wave 5. It may sound confusing here but look at my chart in the most recent post. Hopefully, it will be clearer.
Also to note that, I am NOT advising here. These are just my thoughts on the market. They can be bullish or bearish depending on how I 'foresee' the market.
Post a Comment