Crazy Bull Run!!!

There have been a series of rallies throughout the week. Most noticeably in the construction sector on the first two days of the week where counters like Yongnam, CSC, Sim Lian got a heavy demand as buyers plunge in to buy before the release annoucement of the IR contract!


The rallies then goes on across other counters like pennies , properties. Temptations to get into some positions clouded my mind as i wanted to be part of the rallies thus I loaded up on Lian Beng in hope that it will go to new heights... Sad to say, the rally ends there after I brought! Argh! Not discipline enough to control my emotions! Well, the chapter of IR contract has not ended, will be holding on to Lian Beng with optimism that it win some wonderful project!

Personally, I find that these rallies is absurding as US have been trading sidesways with no particular direction. Currently, Dow Jones Chart has already shown a double bottom formation and forming its third peak to do a triple top formation where some dangers may luking! Then again, I may be thinking too much as it may be just a consolidating pharse to reach for new heights.


Dow Jones Chart



Let's see how it moves next week!