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STI Analysis — the next peak and trough ? (42)
By ccloh Strategic Investor Zone  •  March 23, 2019
Continued from STI Analysis -- the next peak and trough ? (41)

As mentioned previous, the correction for STI is too shallow to consider complete for a wave 2.  Thus, it is no surprising STI failed to make any powerful upside last week despite the bounce from 3183.64 on 14th Mar 2019.  However, as the way STI has performed last week, it has given out further clue since the bottom at 2955.68.

Firstly, have to rule out the STI-1 scenario.  This is the case whereby STI is in Minor wave 3 with start point at 2993.42 and potential end point at 3633.006 mentioned in previous analysis.  This is because the Minute degree, the sub level of Minor degree has taken the time frame too long to make any logical sense.  As such, this will bring STI to STI-2 scenario.  STI-2 scenario is the case where STI Primary wave 2 correction ended at

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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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