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STI Analysis — the next peak and trough ? (54)
By ccloh Strategic Investor Zone  •  October 26, 2019
Continued from STI Analysis -- the next peak and trough ? (53)

Global markets trend higher after US-China claimed they are moving towards agreeing on phase 1 of the trade deal in November.  Do note that this has not changed the damaged already done due to the trade war.  Phase 1 probably just rewind the development back 1 step.  For STI, nothing has changed in term of Elliott wave analysis, neither the STI-2 nor the STI-N has been invalidated.

STI-2



As shown above, current move up for STI is the SuperCycle wave 3, Cycle wave 3, Primary wave 1, Intermediate wave 3 for this scenario.  By looking at the Elliott wave pattern thing looks "promising".  The next figure above is what was being calculated by the Degree Calculator after the latest development.  Again, no rules violation, the golden ratio 0.618:0.382 looks alright across all degrees also.  However, examines closely, there are some doubts...
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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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