Sell in May, Return after October
FBM KLCI up in past few week is due to Ringgit Malaysia value go stronger vs USD. Base on the chart FBM KLCI index up side is limited at 1340 level, after broken this level FBM KLCI index may go up or also may go down for a big correction.
Will this year "Sell in May, Return after October" may safe us from loss back the profit that we earn early of this year? Last year 2009 this rule of thumb is not applicable. As I know along my investment history this rule did applicable, most of the year start in May the investment activity will slow down a lot. So be safe, better not take the risk in share market after month of May.
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