Rebounced at lower volume. Should consolidate at 1250 level before deciding direction. Watch out.
KOSPI Composite Index
Archive for June, 2006
A slight rebounce last week to just below 2400 level. What’s next?
Market should be sideway this week looking for direction which isn’t exactly clear.
Straits Times Index
NASDAQ Composite
TSEC weighted index
Break of the double top. This fall could see 13000.
Nikkei 225
Unit trust strategy for the current correction
I had been holding my unit trust funds and watching the current correction.
Originally my plan was to hold and wait out the correction. However, there are new signs to indicate that the current correct will be deeper than anticipated. In view of this, I’m switching strategy.
Most of my unit trust are invested with CPF monies. While some school of thoughts believe that dollar cost averaging is the best strategy, it is not for me.
Active management is my preferred strategy and I believe it is best for my situation. The point is not to catch the maximum (if I had taken action a month back) but to lock in profit.
It is painful to see the gain shrank. But it will be more painful if I had to cut at a lost later. I am selling my Asia, Japan, Korea, Thailand funds.