Jul 1 2009, 01:47 PM
QUOTE(panasonic88 @ Jul 1 2009, 01:43 PM)
dear day traders
it is time to slow down and take a break from the stock market.
dow is having difficulty to pass 8500
ci is tired of cheonging above 1100
read this, from one of the respectful blogger
...After having ridden the markets for about 15%, I can say that at present levels the markets everywhere looked tired. I did say that this year the Sell In May mantra may not be good advice. Good is good, it cannot lasts forever. The current run is sustained by additional inflow of funds back into the market place. We already had very decent months in March, April, May and June. A normal market rally or rebound rally normally don't lasts that long.
I would reduce my exposure to stocks from 80% to just 20% till the picture is clearer. I looked at the market leaders board for the past week and am totally unconvinced with the market leaders. If you are not going to go up, its down, baby. Look for me at 1,000 or thereabouts.
Markets cannot keep the momentum up for so long, we still have to remember that fund managers need to go on holiday plus they need to reserve their bullets for the last quarter...
chicken curry sos: http://malaysiafinance.blogspot.com/2009/0...oked-tired.html
Thanks Pana....Really good write up. Every where is so tired already. Everyone taking a break, or looking for directions. Should just wait for further indications from the market. Prepare some bullets too.it is time to slow down and take a break from the stock market.
dow is having difficulty to pass 8500
ci is tired of cheonging above 1100
read this, from one of the respectful blogger
...After having ridden the markets for about 15%, I can say that at present levels the markets everywhere looked tired. I did say that this year the Sell In May mantra may not be good advice. Good is good, it cannot lasts forever. The current run is sustained by additional inflow of funds back into the market place. We already had very decent months in March, April, May and June. A normal market rally or rebound rally normally don't lasts that long.
I would reduce my exposure to stocks from 80% to just 20% till the picture is clearer. I looked at the market leaders board for the past week and am totally unconvinced with the market leaders. If you are not going to go up, its down, baby. Look for me at 1,000 or thereabouts.
Markets cannot keep the momentum up for so long, we still have to remember that fund managers need to go on holiday plus they need to reserve their bullets for the last quarter...
chicken curry sos: http://malaysiafinance.blogspot.com/2009/0...oked-tired.html
Quote
Hope have chance to buy it lower...
0.0197sec
0.42
7 queries
GZIP Disabled