KLSE CI has break up to all time high of 1363 point today. Wow!
But the China's correction is expected to happen soon.
Greed Vs Fear !
It's wiser to heed the warning signal from China, even though we are bullish over the longer term for Malaysia.
If your stock continue to surge in coming weeks, take profits is a better choice.
If your stock is already in correction mode, then sideline and do nothing.
The best strategy now is to wait patiently for the China's market correction, get ready your cash to buy/ accumulate your targeted stock at lower price if there is panic selling in Bursa Malaysia cause by the China factor.
3 comments:
Dear KC,
May I know how you came to the conclusion that China's correction is expected to happen soon.
And soon is referring to what timeframe?
Thank you.
Hi! Maxforce,
This warning signal has been highlighted by a report from Credit Suisse & Andy Xie. You can get the same conclusion from Icap as well.
The news on how china's retail player even pay 100 yuan to buy for the queue number for opening of new trading account show the china Market need a pause.
I will rather wait to see what will happen in China Mkt this may!
Thanks for the heads up :)
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