Technical Analysis
V Shape Recovery ? (2)
By ccloh Strategic Investor Zone  •  June 9, 2020
Continued from V Shape Recovery ? In the previous write up a question was raise shouldn't using the index more appropriate to illustrate the point.  So here, am using the STI to illustrate the point whether we are seeing a V Shape Recovery. In V Shape from Elliott Wave perspective this is refers to either wave 1, 3 or 5 as the preceding wave is always a drop.  Before starting, one must know EW only has 3 rules and if any violation, the wave count will be invalid.  The 3 rules are :- 1. Wave 2 never retraces more than 100% of wave 1 2. Wave 3 cannot be shortest among the 3 impulse waves, namely wave 1, 3 and 5. 3. Wave 4 cannot overlap wave 1 except in diagonal formation Case 1 -- STI is Wave ((1))
The above is for this present so-called V shape being SuperCycle wave
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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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