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How Low/High can STI/Dow Go?

How high can STI go in the Bear Market Rally ahead?

That depends on how low STI can go now. So how low can STI go?

Have you read Daryl Guppy's article dated December 3, 2008?

Key points are:

  1. Current consolidation attempt with rebound from near 1500 has no historical foundation

  2. High probability STI will test support at 1300

  3. Traders wait for test of support between 1250 and 1300

  4. Then rebound rally with upside target near 1800

  5. Rise above 1800, expect rise towards 2220. Low probability outcome

Wow! That's the bad news and good news! How accurate is he?


Me, no idea! But my BMI shows a possible low of 1430 and high of 2050. These are dynamic indicators hor. Also depends on Lao Ta = Mr Dow!


So, what about Dow?


Daryl said recession support is 7500 while depression support is 5300.


So, be patient. Think Capital Preservation! Wait for Mr Market to call the bottom!


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