After 8 days of continuous ascent, our index finally succumbed to profit taking. This coincides with DOW's triple digit correction last night.
Ideally from hereon, our market gets to establish a higher low relative to 3,828 (where this current rally started from). Once that higher low is set, we should see our index being able to better challenge the 4300 level.
For now, I'll just be waiting for the current correction to take its course before taking in new positions.
P.S. Wasn't able to update my blog for the past 1 month and half as I was swamped by my day job. Hopefully i'll be able to update this blog more regularly from hereon.
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