The bull is not dead, neither the bear...

Nowadays, many people asked me impatiently... Can go in? The bull is back? The correction over? Is it now the time? Can buy more? Should i take profit? So many types of questions...

Obviously, people are uncertain... So is the market...

The best answer i can give, probably is - the bull is not dead yet... but, neither the bear too. It is now not the time to show hand in the stock market. The reason is not because the market is sideways, or the market is bullish or bearish... It is because the cards of the opponents are not being revealed yet...

The are reasons for the bear to come, as there are also reasons for the bull to continue charging. Short term wise, i am waiting for the up trend to pull back and contract, a gentle contraction, as well as the contraction of volume in tandem with the stock prices. This is a highly speculative play, a gamble in fact. The KLCI, which in my opinion, should form a solid base before continuing the uptrend, but up to my surprise, the reverse is so rush and fast. I started to understand that probably the market need to be fast to continue the uptrend as to hit the 1350 as promised. The election could be just around the corner.

To issue a buy recommendations, still need some time... At least, when we are gambling in the market, we need to see a strong support line forming somewhere before we jump in. Without any strong support line, KLCI next bear strike will be very fierce and damaging. It will be no surprise to see it at 800 without a firm support and healthy base. Reducing the interest rates as well as promoting all kinds of incentives, promoting the markets will definitely exerting impact to the market... In the short run, i could see that these works. While the short run could be manipulated to death, the long run, the ultimate recession, will come in the end. Recession can never be avoided, it can only be delayed...

Anyway, if there ever a train come by this round to bring you to heaven, this will be the last train. The destination, for the next train... sadly to say, is to hell.