This was the chart of the Straits Times Index I posted on 10 Oct 6 days ago when STI was at 3223, warning that there might be a possiblity where investors needed to be aware if the STI break below this Long Term Up Trendline:
STI closed at 3160 today wednesday, Oct 16, just 10 points shy of breaking the Trendline. The amazing run and the long term up trend that we had from 2008 to current levels might be coming to an end:
At current levels, long term investors should consider taking some hard earned profits off your long term holdings so as not to withstand the emotional effects of a deep correction. There will be a Great Singapore Sale coming and it is here to stay at least for some time.
The US has already led the way. The Dow Jones industrial average, which ......