Stock Market index~~

noahnoah

20 Aug 09, 14:08

I think STI index will hit 3000 by year end..

What u guys think?

eagle

23 Aug 09, 07:58

I'm expecting some further upside... Loaded UOB recently already...

The rally in Europe and US on Fri night might justify one or two more upwaves...

Expectations might be till 2900 or 3200 by October... Not sure if you remember I mentioned 2680+ (reached 2700) in Speaker's Corner quite long ago... and there were some forumers who trashed it...

eagle

23 Aug 09, 08:02

To add on, I'm expecting a mega crash after these waves end... Likely to end below March lows... Probably starting around mid Sep to Oct...

Previous analysis in June on 2680: http://www.sgforums.com/forums/2092/topics/365384

After that, was surprised by the formation of the running zigzag

So the earlier C wave in the previous thread didn't go as low as expected... This signifies strength in the market...

Currently, STI appears to have completed a 3-waves correction, finishing at 2522. So far, it seems to be true... My count will be invalid if STI breaks 2522.... And STI will come tumbling down if it breaks my purple line above... So far not yet...

eagle

26 Aug 09, 00:31

STI did reverse at 2522 :)

Now while everyone is starting to wonder if STI will go up again, my expectations will be a mini down, before another big up.

We shall see a sudden movement within 4 trading days. My expectations is an up.
Expect a small correction soon to bring us between 2540 to 2560 within the next 3 days (my mini wave 2), then the sudden movement by Teacher's Day to signal the start of mini wave 3.

I might be wrong... Still learning :)

eagle

2 Sep 09, 19:36

Sudden movement was indeed seen. But it went down instead of up.

Be very cautious. I sold my UOB today.

eagle

3 Sep 09, 09:02