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We can't discount the possibility of stock prices going to their daily limits today, given that many punters, flushed with funds, are returning to the stock market with a vengeance. New additions to the expected buying frenzy include investors who opened new accounts at brokerages, all of which opened around the clock during the Golden Week holiday to cater to new entrants in their multitudes. But they'll have to watch the market action on the sidelines today while their applications are being processed in a day. Tomorrow they're expected to rush into stocks like lemmings.

The Shanghai Stock Exchange revamped its operating system during the weeklong holiday as it hopes to prevent a recurrence of last week's technical glitch that caused a shutdown for a day. Meanwhile, investors are advised to download another trading app in case of increased network traffic that can cause slower response times.

That just goes to show that the bulls are straining at the leash, and they'll outnumber the bears in a market that had been in the doldrums for months on end. Even though stock prices shot up exponentially just before the holiday, there's room for further price spikes. Lots of stock prices are trading below their 3-year and 5-year averages. Still, I think it's imprudent to chase stock prices. A better bet is to wait for the correction and buy in a dip in prices.