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STI Analysis — the next peak and trough ? (64)
By ccloh Strategic Investor Zone  •  March 27, 2020
Continued from STI Analysis -- the next peak and trough ? (63)

STI-N
The wave 4 didn't start after STI hit 2309.9 on 19th Mar 2020 but instead went further down to 2208.42 on 23rd Mar 2020 before staging the rebound.

2208.42 definitely pierced through the generated value of 2276.751 from the Fibonacci Calculator for wave 3.  This is nothing wrong as 2276.751 is the 161.8% Fibonacci ratio only and with it at 2208.42, this gives a Fibonacci ratio of 171.8% that all.

So, the question now is the rebound STI was having presently -- wave 4, is it Primary wave 4 or Intermediate wave ((iv)) ?


Above is the STI chart showing the 2 possibilities -- Primary wave 4 (Purple) or Intermediate wave ((iv)) (red).  The detail wave count for lower Elliott wave degree from 2015 to 2019 were omitted to make it less messy.


Above is...
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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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