when Greece caught a cold, Europe got flu...oops! China caught pneumonia...
On Feb 4, 2015, I wrote in my blog "...I am not surprised to see market dropping heavily into/around end3Q to
early4Q after topping up (on the charts). The last Qtr 2015 will be very
Did my projection materialised earlier and there shall be a relatively 'stable, rebound and upswing' without the 3Q/4Q quagmire? Unfortunately, it's unlikely. We are still likely to face another onslaught towards 3Q/4Q.
The recent nervousness of the markets left many dumbfounded, especially China/PRC stockmarket. Following this drop, Europe, especially Germany & France stockmarkets are bruised by the bears. They are likely to be so ...for a while.
The Chinese/PRC stockmarket is bruised, especially the smaller investors aka speculators, but the chances of rebounding and retesting 4200/4500 is still possible. There will be a paradigm shift; players, I meant investors, will have to do their homework than to throw darts.
You need to know some fundamentals, technicals and alot of commonsense to survive the stockmarket gyrations ; a fool and his money will soon part
21 Mar 2015 10 July 2015 (off lows)
Sti 3412 3284
N225 19560 19,779
KLCi 1803 1715
HSI 24371 24,877
Jkt 5443 4873
DJIA 18127 17,548
S&P 2108 2051
Nasdaq 5026 4922
Shanghai 3877 (at worst, tested low near 3500; 52-wk HI/Lo 5178/2033)
There is still room for the market to rebound and some money can be made, but please do your homework. Outright speculation is deadly.
Will the Total Lunar Eclipse on 28 September 2015 results in another rout?
Happy Trading; watch your wallet!