Monday, November 17, 2014

Simple Chart Fortune Telling For STI (Nov 2014)

Haven't been doing fortune telling for STI for some time. This is a simple charting of STI, diagram taken from Yahoo Finance and edited.

Taking the 2007 peaks as reference, it seems like that will be a peak in 3rd quarter 2015 or 4th quarter 2017.

Adopting a long term view, I think 2017 would be a nice date to fit a 10 year cycle for markets to reach the peak.

Even if so, it meant a maximum upside gain of 15% over 3 years, or 5% a year. Risks probably not that worth taking anymore.

Personally continue adopting wait and see approach while learning how to deploy and move cash to build business systems.