Bear trap

Slowly but surely the market is inching closer to the long Lunar holiday break ahead...and
before that,  are the Thaipusam and City day breaks ...music to the ears of all salaried
workers but may not necessarily be to those on daily wage or bosses of companies with high
overheads...And definitely not to the stock market generally ..Holding on to stock positions
especially open ones during long breaks is not everyone's cup of tea ,more so in times of
uncertainty .The ever looming national elections are always playing on everyone 's mind and with that
the inevitable worries over the market direction as the day draws closer..in fact there was a noticeable
drop in overall market volume today ,no thanks to the long weekend ahead...

Short term players should trade with the full knowledge that come early next week there would be
heavy delivery or due date of stocks bought early this week ..Unless broad market sentiment picks up,
the due date stock sale could further dampen the already cautious and jittery market especially among
2nd and 3rd liners,and nobody welcomes that...sometimes it may be prudent to sit out the whole
cycle altogether,hoping to latch on to "apparent" rebound counters too prematurely and make a quick buck
may backfire ...after all if everyone thinks along the same line,the 'rebound" may be short lived..so unless
you are familiar with the game ,might as well sit back ,watch and learn...