Friday, March 1, 2013

Music is stopping soon or has already stopped...

Amidst the euphoria about DJIA reaching 5 year highs, STI breaking new high, many many other counters reaching new highs, I must admit that I am one of the very few bloggers having a rather pessimistic outlook of the market for the month to come. 

I believe that the music is stopping, or have already came to a stop (just that the average Joe may not be aware).

Many counters have reached new highs and have retreated from the high. Counters like Ezion, China Minzhong, Ausgroup, Cosco, NOL etc...

There are still some residual bullish counters but they are mostly penny counters (with news), but even these counters have also reached new highs and retreated from there...

I have disposed many of my long positions and shall enjoy the show (mostly from the sidelines). I may even initiate some short positions soon...

Invest/Trade with care.


As usual, disclaimer applies...