Market predictions

Today's ST carried an interesting article about Bear Mkt predictions. This is GOOD!!!

This shows that the market might be nearing a bottom. The major newspapers always GET IT WRONG at almost EXACTLY the WRONG TIME. As more and more newspapers report doom and gloom will mean the end is VERY NEAR .

The USA today carried an article back in late 2002 about the end of the Financial markets due to the collapse of the DOTCOM bubble and within a couple of weeks, the new BULL market took off. Be on the lookout for major index trend reversals.

Last night mark a fresh rally attempt by the indices and is counted as Day 1 of attempt rally, after it undercuts its recent low on Wednesday. Why don't you just get in on Monday? I suggest not cos' winning in the market is all about probability.

More money has been lost by trying to predict and pre-empt market tops and bottoms. Let the market guide you on what it is doing.

U want to make 20% gains with 90% probability of succeeding (the trend in your favor) than make 25% gain with 70% probability of downside risk.

During last year's 3 mth long correction from May to August, many punters/investors were losing heart in the market by the 3rd month and when Nasdaq had a follow thro' on Aug 15, it took STI a full week to catch up and start its uptrend. We are only about 3 weeks into this correction and already I am seeing ppe.

Until the market shows a trend reversal, it is safer to stay in cash. The market will always be there, just don't lose your capital.