STI Analysis — the next peak and trough ? (31)
By ccloh Strategic Investor Zone  •  October 29, 2018
Continued from STI Analysis -- the next peak and trough ? (30)

Discovered something new that clear couple of doubts in previous wave count.  Hence, updating and redefining the present correction wave count.


The above chart is the wave count for this S3C3P2 correction in the last analysis.  Intermediate degree Wave A, IA was formed at 3176.26 on 6th Jul 2018.  This led to Wave IB to be at 3347.98 on 7th Aug 2018 resulting in now in Wave IC doing a 5-wave diagonal to make the overall correction a 5-3-5 zigzag pattern.  However, there are couple of doubts in that wave count which couldn't understand until now.  The doubts are listed in the chart above as :-

1. Occurrence of 5-wave pattern in Wave IB and Wave M2 (of Wave IC).  Those are so-called anti-direction wave and should observe just a simple ...
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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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