When will the KLCI downtrend end?
- the announcement of the extension of FMCO caused KLCI to drop further on Mon (28-May-2021)
- the new stimulus package only gave a temporary relief, KLCI is still dropping below the Bollinger Band
- regardless of your targets for the KLCI, note that it's hard to swim against the tide, especially so when the downward trend is this strong
- sure, there are pockets of opportunity for you to make money here and there, but it seems to be more speculative / operator-driven than any FA / TA will show you
- for now I am moving my funds to the US markets, a rising tide lifts all boats after all
- the new stimulus package only gave a temporary relief, KLCI is still dropping below the Bollinger Band
- regardless of your targets for the KLCI, note that it's hard to swim against the tide, especially so when the downward trend is this strong
- sure, there are pockets of opportunity for you to make money here and there, but it seems to be more speculative / operator-driven than any FA / TA will show you
- for now I am moving my funds to the US markets, a rising tide lifts all boats after all
- cases getting higher despite weeks of lockdown (although this could be due to increased testing, but still, wth man)
- any effect from the moratorium won't be felt till Aug at the earliest (1st payment waiver), although commentators are not expecting the same bullish effect to the stock market compared to last year
- politicians, every Malaysian's favourite heroes, will never cease to make statements that are just ... simply "amazing"
- at this rate, 1452 is a matter of "when" rather than "if"
Goodbye KLCI, see you next year.
Hopefully.