Many want to make profits but few want to do homework...
Bulls & bears make money but the sheep are slaughtered; the bulls buy & the bears shot with the sheep following blindly behind.
Nikkei Index (NI 14,024) - NI ran from end Nov 2012 & peaked in June 2013; its in a corrective phase
Hang Seng (HSI 23,138) - HSI had a volatile year. It saw lows in Nov 2012, April & July 2013 and Highs in Feb, June, Sep; it is recovering from the major sell-down seen in June 2013
Straits Times Index (STI 3138) - Like most, the low was seen in Nov 2012 & peaked in June 2013; not surprise to see the STI hitting near low of 2800 points before recovering. A move above 3300 will see STI testing & creating new highs
FT Bursa (KL 1776) - It's tough breaking KL 1800; even if it does, will turn down from KL 1850
Dow Jones (DJI 15072) - DJI has been rising on an uptrend since seeing the low in Nov 2012. Downside risk of DJI is 14800, with an (aberration) push towards DJI 14000; a likely scenario but should recover well enough to test all time high.
S&P (S&P 1690) - Uptrend intact since low in Nov 2012; may pull back to 1580 before the next rise
Nasdaq (NQ 3807) - The most promising chart with upside 4000 potential; short term correction expected
Stock markets go in cycles and typically October is the most volatile. Any sell-down in October 2013 (very likely) will followed by a good upswing into November. Carry through run into beginning of 1Qtr, 2014, reflects trend continuation similar to that the last cycle.
The game is old & the players are new.
Guess, we will have an interesting year ending (2013) & an exciting new beginning (2014)
This is NOT an/any investment advice and nobody should rely on this; if in doubts, seek advises from your professional stockbrokers. lawyers, bankers and the likes.
Trade with care; if you make money, spare some for the less fortunate