Momentum indicators are starting to turn from weak bullish to weak bearish.
Market top has been established at 1788. The possibility of downside is higher than upside.
Chances of falling towards 200-day MVA at 1670 is high.
http://www.theedgemalaysia.com/business-ne...g-stronger.html

Still considering whether to hold on to the rest of my 47% or go 100% cash.

Seems like no one has read apollo's latest financials, or they think that it's not good enuf

salcon.... not bad.... but i dont like lo....

gadang will be another tambun....

For me, always look at fundamental and valuation when having doubts and concerns.
Time the market is very very very very difficult. This I listen from many many many many sifus advice.

This post has been edited by yok70: Jun 26 2013, 01:44 PM

sometimes, this means priced in already.

wah! my stelux on steroid today! so lucky yesterday i topped up my holdings with sweat catching that falling sharp knife.

I only consider stocks with solid fundamentals.
Valuation wise most still got decent upward space.

The thing is, I wanna avoid going into the market when the short-mid term outlook is dim.
Me no rike when mah share stuck at -5% loss after entry.

Even REITs are no longer a safe hedge against equity volatility.
2 months until the big drop, according to fengshui chart.

Nvm lar, since it just increase my holdings, average cost still around there.

Heart must be steady~

So when the big drop happens in two months time, that fong sway chart is accurate?

for June the fong sway chart says go UP.

Conclusion?

Depend more on fong sway chart. Soon it will be accurate one.

Considering the market sentiment now, no harm to follow the chart.
Small constant profit better than wild swings for me, heart cannot tahan.

I tried to time the market (again) pre-GE and sold many of my strong fundamental stocks. Guess what, I missed 30-50% stock price upside by this mistake.

REIT now suffer weak sentiment because of fear of rate hike. If interest rate or bond yield up 1%, possibly means REIT's yield need to up 1% in order to attract buyers. This even before consideration of the cost of debt a REIT need to pay will increase too. Consider current yield of 5%, a 1% up to 6%, which means REIT's share price must down 20%.

This post has been edited by yok70: Jun 26 2013, 02:04 PM

Strange.

This is like saying it doesn't matter when the Fong Sway chart is wrong.
It only matters when it is correct.

OPR is not going to be raised with current economy condition.

It is suicide for central bank to raise rate at this moment or near term, when equities market is volatile, economy is getting slower and no pressure of inflation, (commodities price soft and gold price plunging).

Having said that, I would agree Reit price should go down a bit more, as at the moment, yield is too low (due to too much cash chasing too little thing).

I do not understand why many keep on saying interest rate is going to be hike... too many media cooking?

Bond price drop sending yield higher, yes.
Interest rate, over night rate that set by central bank being raised? Chance is remote.

Ya kinda true also.

But many fundamentalists still able to catch fishes at super low prices...

Perhaps they forget to tell u they do keep lot of cash and waiting for more opportunities.

Their reasons for u not to time the markets ...........

This post has been edited by SKY 1809: Jun 26 2013, 02:10 PM

good for your dudes , I also top up a lot of my banking stocks

U buy, never sell

WB style

Actually I do think the market already priced in the good result of appolo.. maybe just not good enough for them Don't worry I also will support this stock now

nonono
Consider KLCI all time closing high of 1780 (forget exact) to now of roughly 1725, we only corrected for a mere 3%, perhaps included in the fengshui chart but negligible drop?

So we will still sail up to 1800 by end of July.
So ride the wave now and sell on 31st July?

Got la, I sold some US stock , SG stocks a bit.
reduce portfolio and switch to another one.
My Sell button still can be used , unlike our mod

This post has been edited by foofoosasa: Jun 26 2013, 02:17 PM