Classic response to this is "dip in the morning session, may recover in the afternoon".
Dow finally gave up its complacency for holding up gains even there are bad news. Dow is finally back to normal.
Back to KLSE, up or down? In fact, I need to check out blogs and newspapers to see everyone's reaction. People tend to be driven by news and gossip. I hope what I mention here doesn't affect the market trend on Monday. It's sad if people follow what I said as they've lost their brain to analyse themselves. For people who don't know how to make simple analysis tend to lose control over tough situations in their life. Not just investment decisions.
Eventually, desparate buyers will push the price up and desparate sellers will press the price down. This law of trading is fixed and no one can change that. The lack of desperation in any way will just result in stagnant stock price.
In a KLSE forum, I see the desparation of buying. In blogs and newspaper, everyone is talking about a pre-CNY Bull market. The sentiment is "fearless". The opening of Monday may not be good but there will be a lots of bargain hunters that make stock prices fluctuate quite a lot. Bull is still winning but may be waning too.
I believe many will have stock list in mind and buy when there is a dip in Monday morning.
Here is something to wish everyone good luck:
No comments:
Post a Comment