Monday, November 26, 2012

STI - Don't Chase

It's not wise to chase or long the market today. I believe there will be reactions to come. The market has entered a different era whereby some stocks are showing absolute strength while others are lagging behind. Stock selection is very important because choosing a wrong stock spells trouble. Look at Noble and Capitaland. When STI is trending upwards, why is Noble falling so much while Capitaland is rising? There is no answer to that except looking at the individual stock with the perspective of the BBs' profit taking and short selling processes and never correlate markets. That's one fatal mistake most public make.

Ronald K - Market Psychologist - The Big Speculator