Summer Meltdown

KLCI Yearly Chart

It is summertime in the northern hemisphere. Stock exchange around the world are melting down. Malaysian politics are full of confusion, but there is no confusion in our stock exchange, a break of 1000-1050 will mean a complete meltdown of our stock market! This week, the plantation sector has started to weaken. I thought that can earn some money from plantation counters. No chance now.

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

Don't listen to analyst that says that it is time to buy because our stocks are cheap. It can go cheaper. We should wait for the analyst to buy first to stabilize the market, then only we follow. As small investor/trader (like me) only has small capital, we can't afford to make mistakes. The objective is not to make the highest return. The objective is to make the surest return.