On 15 Sep 2014, I wrote "... there's going to be coincidentally sharp correction especially those markets that i) have seen new highs ii) are seeing high or near high. Even those that are weak, further drop is not totally unexpected..."
What's in the near future that the rout seemingly have not, or wouldn't, stop?
Billion$ have been wiped off the markets and many are looking for reasons why this time the drop was so sharp yet doesn't seem to stop. Didn't it occurred to players that DJIA has been on the uptrend since 2008 without any meaningful correction?
Looking for reasons after the onslaught begun is like 'looking for life vests in a sinking ship'; the hurt had begun!
I believe the correction is almost done!
By early to mid next week (3-5 trading days), there will be some semblance of rebound; the best is yet to be. The consolidation for the next couple of months will pave the way to an exciting 1Q, 2015.
Similarly, I hazard to guess 1Q, 2015 will be one of the best performing quarter.
As at close 16 Oct 2015:
ST -44.5 (3154)
N225 -335 (14738)
KLCI -19 (1767)
HSI -239 (22900)
JKT -11 (4951)
DJIA -48 (16093* trading in progress)
S&P -5 (1856 *)
Nasdaq -23 (4190*)
The Bull buys on weakness
The Bear sells into strength
The Sheep hold or quit
Everyone wants to make profit but few do their homework. like always
Trade with extreme care and if you profit, spare some for the poor and needy!