Update:

hi guys, did not update my view for some time...

outlook should have been upgraded to "bullish" long ago...

some of you may be concern of the market being way over bought and whether a big correction may emerge... so how should we play such a market...

nobody can accurately predict turning points... the key to survival lies in risk management.

at such zone, we should reduce holdings but not completely close out positions in current speculative theme plays like property and commodities.

other areas to look into are defensive sector or laggards, like starhub, F&N...

a persuasive bull market will bring about new theme plays like china dual listing possibilities and inter market valuation gaps. counters like china milk and xlx have already taken the run... counters that fall in such theme will be like china hongx.

if you remembered, construction was a hot sector of the past. with this property upbeat and recovery hoo haa, will we see it come back to life?

in conclusion, it does not matter when the market will turn but how we allocate funds to suit the current risk level.