Wednesday, May 08, 2013

KLCI at NEW high

KLCI at 1777 level yesterday and expecting to move higher today as DOW reaching a new high. Bullish sentiments will continue, tho we need to be cautious of the political situations in Malaysia.

Analysts are giving us reasons WHY KLCI shot-up so high and we are seeing 1800 ... again. They might revise the year-end target to 2000 if KLCI could maintain above 1800 by month end. Well, sell-in-MAY, and go-away may not right this year round .... as MAY 2013, KLCI and DOW reaching new historical high.

Are we in market yet?

I am into markets for short-trading and managed to sell WCT-wc yesterday but bought back(to sell today). Going for short term contra trades could be very risky. I should know as I have many good/bad experiences on these short-time frame trading.

Waiting for huge correction that never comes ....


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