With STI recovering 49.6% from its low on 9 Mar 09, closing well above 200EMA for 2 consecutive days and supported by 5 consecutive white candles. It is obviously bullish. With GMMA fanning out nicely telling us that the downtrend is broken.
So what are you are doing now? Hmm.. you are damn worry about jumping into a market that has already risen over 49.6%, the question is where do you want to be when the economic recovery truly arrives? Would you want to still be in cash fully and bemoan that you did not have a chance to enter the market? Or would you already be fully invested by now, and just sitting back to see the recovery as it plays out? Everyone wants to buy in at the lowest price, but in practice, it is emotionally difficult.
Fearing of missing out and fear of losses is always playing out in our mind.
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