Today I believe the market will attempt to break the previous high and we shall witness a new high. This is a bold statement based on my personal experience and knowledge I acquired over the years. I remembered my last CIMB event "Precision Timing", someone asked if we will see a new high in STI and my answer was yes and today we shall gather and talk about it again.
In fact on March 12, 2013, I posited my outlook in the SMMG Club and told all my students that we shall see a new high, however the upside is not much. The previous high was 3319 and back then on March 28, 2013, the new high was only 3321. Indeed it was not much!!!
Meanwhile, we shall see if a new high is reached.
Ronald K - Market Psychologist - The Big Speculator
