I read an interview where a trading expert shares his views about trading on the contrarian side. I find it rather enriching and actually sometimes it can turn into common sense when you think it simply.
I was advocating investing during the past year (as you can see from all my posts) when P/E ratios were really low for the taking and globally, the bad stuff is coming to the rock bottom and turning tides soon.
With the STI touching 3,300 today and Dow Jones breaking 14,000 level; it shows a spectacular bull run is on the way. However, some pull-back is necessary. After the recent steep rise, a consolidation followed by a decline in STI is closing in especially when the May effect takes control once again...
Nevertheless, let's enjoy the article below...
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