Stabilizing ?

Looks like the market has stabilized. The indicators are still mixed. From the daily chart, we could be heading to a dead-cat bounce. I will still wait at the sideline until the weekly signals say up.

Malaysia	Longterm	Midterm	Shorterm
KLCI	Down	Down	Neutral (+)
Finance	Down	Down	Neutral (+)
Construction	Down	Down	Neutral (+)
Plantation	Down	Down	Down
Property	Down	Down	Neutral (+)
Mesdaq	Down	Down	Neutral (+)
2nd Board	Down	Down	Neutral (+)

Anyway, let's have a good laugh with this video.

The serious message is when the crowd is against you, you can either follow them (trend trading) or go against them (contrarian investor). The important is not to run behind the crowd (i.e. you are the last person to follow the trend) or get trampled (catching a failling knife). Theory is easy. Practice is hard. You just got to practice practice practice until you get it right!