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STI Analysis — the next peak and trough ? (60)
By ccloh Strategic Investor Zone  •  February 29, 2020
Continued from STI Analysis -- the next peak and trough ? (59)

STI-2
Awaiting for Elliott wave rule violation to invalidate

STI-N


Above is the update of STI Elliott wave count after market closed on 28th Feb 2020.  Adjustment to the previous wave count that STI is in Intermediate wave ((c)) of Primary wave C of Cycle wave (Y) of SuperCycle wave ((2)).  This is because with reference to the present situation due to Covid-19.  Global spreading has started, the economy damage due to this Coronavirus has yet to factor in recession case.  Singapore with no exception could not be ending the wave count soon meaning the downside to STI at the moment is not limited.

The new adjustment presents 2 possible wave count going forward.

Red Wave Count
This is similar to previous analysis just that STI is now doing the Minor wave (a) of Intermediate wave ((c)) of Primary wave C of Cycle wave (Y). ...
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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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