Market Correction?

KLCI plunge another 6.21 points today after sharp fall down 34.22 points yesterday. The weaker market is partly due to US down investor sentiment since end of last week. The impact not only influence Malaysia market but all the world major index.

Most stock analysis said that this is only temporary correction due to US sell down sentiment. They expect the market to be volatile over the short term and overall long strategy still intact. They still confident of meeting the 1,480 mark year end.

Most of price stocks in market become cheaper and more cheaper during this time. But don't catch a falling knife if you want still alive. Trend is our friend. Don't go against it. Discipline, patience and wisdom are traits that we must have to become a successful trader.

Happy trading!