Thursday, October 15, 2009

Possible STI Performance? -- The Update

This is from the previous post here dated 30th Sep 2009

Act 1 Scene 1: Lots of pple waiting for window dressing to sell higher. That means there won't be window dressing... Likely to remain stagnant till Oct...

Act 1 Scene 2: A lot of people are getting cautious of October, so likely to rise up somewhere in October.

Act 1 Scene 3: People start to believe October this year wasn't a bad month after all. All prepare for year end rally, start to buy more and more. Market will then become toppish

Act 1 Scene 4: Indeed Year end rally! Buy more! Market tops. End of final wave. Target timeline: November. Start of wave 1 downwards.

Act 2 Scene 1: People start to sell, believing market has topped. Market u-turns go up for year end rally till Jan. Start of wave 2 upwards.

Act 2 Scene 2: People start to believe market rally hasn't end yet. Buy back some. Some happy that they bought back cheaper. Market turns again for wave 3 down. Feb 2010.

It appears that Act 1 Scene 3 is in action...

The above was originally coined by thinking along the lines of EW theory... Might not be true though... It's just for fun, although the first 2 scenes seemed to have come true... Caveat Emptor...

I will be re-looking and re-calculating my waves tonight because I seriously believe 3200 is quite unachievable...

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