Shares & Derivatives
DBS, OCBC, UOB Analysis
By ccloh Strategic Investor Zone  •  October 22, 2018
The following is a Supercycle to Primary degree Elliott Wave analysis of the 3 local banks -- DBS, OCBC and UOB.  It is not meant to analyze the detail present correction but rather as a guide of how their impact on STI in general.  Due to the weightage of the 3 local banks on STI, their price performance play a key role in determine the direction or trend of STI.  The process of deciding the Supercycle wave count shall not be covered and the stated will be the valid or highly possible one.

DBS

The following is the chart of DBS from 1995 till now.
The 1998 AFC caused its to ended up in Supercycle Wave ((C)) following a recovery to a new Supercycle Wave ((1)) in 2000.  However, for whatever reason, it went into Supercycle Wave ((2)) correction all the way till 2009, across 2001-2003 ...
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By ccloh Strategic Investor Zone
Am a typical retail investor who started investing in stock market in 1993, the same length of period as SingTel was listed in SGX and ironically SingTel was my first vested stock. Back then was a passive investor and started to turn more active in stock market in 2006. A year later when I switched my engineering job to a finance related one, I became what commonly known as trader ( trade for living ) and at the same time also strongly believe in fundamental/value investing that is the way to growth wealth. In a way I classify myself as a "Strategic Investor". As a trader, I track market movement daily and as an value investor, I am always on the lookout for cheap bargain to hold for long term.
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