I started serious Investing Journey in Jan 2000 to create wealth through long-term investing and short-term trading; but as from April 2013 my Journey in Investing has changed to create Retirement Income for Life till 85 years old in 2041 for two persons over market cycles of Bull and Bear.

Since 2017 after retiring from full-time job as employee; I am moving towards Investing Nirvana - Freehold Investment Income for Life investing strategy where 100% of investment income from portfolio investment is cashed out to support household expenses i.e. not a single cent of re-investing!

It is 57% (2017 to Aug 2022) to the Land of Investing Nirvana - Freehold Income for Life!

Click to email CW8888 or Email ID : jacobng1@gmail.com



Welcome to Ministry of Wealth!

This blog is authored by an old multi-bagger blue chips stock picker uncle from HDB heartland!

"The market is not your mother. It consists of tough men and women who look for ways to take money away from you instead of pouring milk into your mouth." - Dr. Alexander Elder

"For the things we have to learn before we can do them, we learn by doing them." - Aristotle

It is here where I share with you how I did it! FREE Education in stock market wisdom.

Think Investing as Tug of War - Read more? Click and scroll down



Important Notice and Attention: If you are looking for such ideas; here is the wrong blog to visit.

Value Investing
Dividend/Income Investing
Technical Analysis and Charting
Stock Tips

Tuesday, 9 August 2011

My War Room (8) - Waiting for stronger Eastern Wind?

Read? My War Room (7) - The Lost Years!


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?


Posted by Createwealth8888 at 08:22
Labels:

2 comments:

  1. Anonymous9 August 2011 at 15:30:00 GMT+8

    Hi uncle8888,

    I 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

    ReplyDelete
  2. Createwealth888810 August 2011 at 07:42:00 GMT+8

    Hi Zac,

    I have re-posted and added in the Chart. Now, it may be clearer. I track Corrections and Bears.

    ReplyDelete

Subscribe to: Post Comments (Atom)
Related Posts with Thumbnails