User Research/Opinions   

Square off position 4 Apr - STI needs a breather n

 

In big bull markets, the pros used to talk about a "healthy correction" to shake out the frivolous and also weaker players.

They (ie. the pros) will then re-enter  the market to partake of the further climb on more firm and 'solid' ground.

By all indications, this seems to be it, after the recent big correction last month...

 

Hi hotstock, mind to share with us the "similarity" you have observed? Tks

 

I agree with you hotstock, and doing same too... have a good holiday... bon voyage....

 

Hi All,

I have squared off my positions for most shares except LMA. I am off for holiday. I do find similarity in today historical high mirroring with 27Feb Minicrash. Most conditions are there and whether it will be another in the making, my guess is 50-50.

 

After the end Feb minicrash and it back to peak, I think STI is bent for a breather. If you are sitting on profit, I suggest you take it off the table now.