Will BLACK OCTOBER emerge again after tailend of 3Q2009?

Third Quarter 2009Q3 will be over & out by middle of next week and if you can still remember last year 2008, October (4Q) was the month when the KLCI index dropped the most to hit lowest point last year at about 800 point. Many investors will remember that month as a "Black October".

Black October actually not only happened last year but happen a few time in history of world share market. Now will it happen again this year? Base on the chart, FBM KLCI index likely to move sideways and I think the index will be well supported because it can easily be controlled by the Top 5 shares out of 30 components that makes up the FBM30. And when and if the going gets soft, plantation shares will most likely provide support to the index if and when when the banking or financial sector runs out of momentum.

Optimistically, I think 3Q09 result will more or less just about same with 2Q09 but due to this 3Q financial reports, many companies bottomline will somehow be burdened by the H1N1 epidemic and retail businesses will be the ones hardest hit due to the simple fact there were noticeably lesser crowds in shopping malls and even out in the streets throughout the months of August & September. It was a majority case of "crowded fear".

Obviously Bank Negara will still emit good (cosmetic?) news about the Malaysian economical standings but will wary investors buys it?

Do you think it makes better cow-sense now to come out from share market and wait for some correction before reinvesting again.

Personally, I still believe the country's economical scenario is getting better but presently, is just over bought. And if we buy when share market drops, will it bring more profits? Or will it be Deja Vu again?

Man >>> this is gonna be TRICKY!!!