How long have I been gone ? Wow ... are we supposed to be sad for the swine flu or should we be excited about the market bullish movement ?
real time world market performance at stock.malpf.com
The key difference of this recent surge than before is that it breaks 200 days Moving Average. A common indicator used by the western world that a down turn is over. And today's investment is the world for technical analysis. So everyone would most probably be following blindly on this signal alone - recession is over ! Yeah !
200 days MA is suitable for mature markets like USA and Europe, with some internal justification, I use 220 for KLSE, Malaysia market. And this is the chart for it.
It tells the same thing, you all should rush into it NOW ! ( I didn't say that, the chart did )
As far as the 1view world chart and technical chart show, correction will not kick in today. Even if it did, it wouldn't be a huge correction. In other words, you may still have some fun yet.
but NOT me ...
Well I have 30% of my investment fund in KLSE which I initially planned to profit take 5-10 years later. Due to this recent hike, I am selling them now. I set my selling price slightly higher than market price because I am not that desperate yet. If the sale proceed today or tomorrow, I would have gain about 70% from this transaction alone and may satisfy my annual target of 15%. But then I will have to work something out for next year.
We will see ...