For STI, we witnessed two consecutive months of strong gains. No change in views. Staying above 3015, followed by the confirmation of 3040, STI would reach the initial target of 3150 (as our initial view at the beginning of the year 2012). A move below the lower bound of Andrew's Pitchfork may see the possibility of retesting the 2900 levels.
I recalled reading an article by Chuck Jaffee "Market Survival needs no fancy footwork". In this article, he quoted Charles Rotblut, "Rebalancing and getting back to their target allocations would help them do more towards reaching their gaols than anything else. Rebalancing involves pulling money from your winners - locking in gains - and investing in some of your laggards to get the portfolio back to the asset mix and wights you initially intended."
FTSE ST REITS Index
On 16 July 2012, when the index ......
