No, I don't think so. At least, not yet.
For beginners to finance and investment - a war chest is a sum of cash set aside for the specific purpose of taking advantage of opportunities. For example, buying stocks on the cheap when prices suddenly plunge.
The STI has been on steroids during the last week - it shot back up to 2800+ amidst a slight rise in oil prices and a rally in the Wall Street markets. A month ago, the idea that the STI would hit 3000 any time soon was a pipe dream, but the STI has been smashing through resistances so quickly that it actually might come to pass.
I don't think the rally is over just yet. I think it'll continue for a little longer at least. So far, all my stock picks are in the green, but I'll be watching the market as close ......