CORRECTION AFTER REBOUND FROM MAJOR SELLING DOWN

Correction is always followed by the rebound after major selling down.

The major selling down was heavy last week, especially on last Friday. Market started to strongly rebound around 1 1/2 before market closing on 17/8. The rebound continued to climb, hit the bouncing peak today morning.

Human physchology can explain this scenario. Major selling down has risen attention from punters to long term investors. Go and asking around the investors, you may find some long term investors were so worried on thier shares, disposed their shares last week afraid of everything back to square.

Many start to whispering on 1997 crisis. The major seling down pattern, all way down without a rebound, is alike 1997 crisis. Will it be crisis? Will all my shares 'kaput'? Investors are so worried their paper gain gone and thier paper loss widen.

Though our research shows it seems a different scenario of this major correction compared to 1997 crisis, as sub-prime issue yet to stailised, many will choose to temporarily aside. Therefore, market does always have correction after rebound from major selling down.

Rebound hit a peak today morning. Using T4 Shaking Out Theory(Shaking out Contra Players), the market may only bounce back again Friday or next Monday afternoon.

We are now waiting to fishing again at low. If our theory is right, the correction is just started today, will last for few more market days.

Happy Fishing to All !!!