Imminent Downturn coming? Stock Market Outlook 17/4/2013
By K.I.S.S. Investing • April 18, 2013
Many people i have asked are scared of chasing the uptrend as they think that it is unsustainable... so what are the charts showing then? Without further ado, let's zoom right to the charts:
i found this on the CNBC. [http://www.cnbc.com/id/100646957] It says a scary pattern maybe coming.. A Head and Shoulders which will lead to a much potential decline.
The STI has been unable to break through the upper bollinger band and has consolidated among the bands. This pattern is similar to what is shown in the 2nd picture where the upcoming trend is Downwards. Thoughts While i still believe in the Bull Run (Uptrend) in the Long Run, it's time for a healthy correction as stocks do not go up all the way at one go! I have liquidated all my holdings and preparing my "money chest" to load up on stocks with ...
