The worst drop in STI history in the band of -60+%
Based on the past STI performance, if it is just a correction, it should rebound in the next few days and moves towards 3,000; otherwise we should be preparing for stronger and stronger Eastern wind. I am preparing for 5-6 levels of Eastern Wind as follows:
Do you believe in Eastern Wind?
Hi uncle8888,
ReplyDeleteI am preparing for level 5 Eastern Wind. I feel that it is hard to reach level 6 as it will be breaking the previous low 1456 in march 2009. Moreover, STI will need a higher low in order to begin an upward trend. If you observe STI history, there wasn't a time when a new bear when below the previous bear low.
May I know why did u use 3195 instead of 3310 which was the highest point in 9 Nov 2010?
Zac
Hi Zac,
ReplyDeleteI have re-posted and added in the Chart. Now, it may be clearer. I track Corrections and Bears.