20070430 Reading the news, investment adviser's newsletters, other traders and research boffins' opinions on the state of Bursamalaysia market, I get the feeling there are two camps.... In the blue camp are those subscribing to the 'blue sky theory.... the KLCI will make higher new highs... In the red camp are those like capitaldynamics.com and others, who see a "severe correction" coming.... What can we discern from these two opposing viewpoints. Basically these are just 'predictions' or attempts to crystal ball forecast the future direction of the KLCI and are ....hogwash. If you look at the 60 minute chart of the FTSE Bursa 100 index, the market is trapped between these two strong bear and bull forces and is 'coiling the spring'.(my favourite expression) Watch and wait for the breakout and go with it....might be a prudent approach.