Bloodbath



The world's stock market is currently on bloodbath. The Dow Index dipped almost 5% last night. Our own bourse dip down to around 2.7% before climbing back up and closed at just 0.76% in the red. It has officially erased all of its gain for the year. Mine was spared - by a bit, down to just 2.41% gain for the year. I seriously don't know if it will hold up. I have a few cash to buy on dips though.

The thing is, nobody knows if there's something wrong or the markets just undergo a healthy correction. At this point, I am not worrying, I am not selling. We are nearing a short-term support soon. Hopefully it would bounce.

Short Term Support


Unfortunately, if we had to go way way back, we are long way to go before reaching that major trend. And it's gonna be ugly.


Long term support



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