Trust Bank Singapore, New Digital Bank Freebies!

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Have you applied for your Savings Account or Credit Card with Trust Bank Singapore, Singapore's digital bank backed by a unique partnership between Standard Chartered Bank, and FairPrice Group? REFERRAL CODE: BZACYE0F ( it is a number zero, not letter ) Get $35 worth of free Fairprice vouchers and other freebies by just Downloading the Trust App and Open a Savings Account online with the App, simple/easy within 10mins!: Get free $10 Fairprice E-voucher (no minimum spend at stores/online) by entering this code ( BZACYE0F ) when apply for the Savings Account. Get free 1kg Fairprice Rice voucher Get free Kopitiam Breakfast Toast Set voucher Charge one transaction to your debit card to get free Fairprice $25 voucher (no minimum spend, at stores/online). Hack: Do a funds transfer of $1 or $10 from your own bank to Trustbank savings account. Then Just add your debit card number to Grab App, authenticate with $1 charge/refunded to your saving
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DOW/S&P 500 Elliott Wave Count & How High?

We are in the same Bear Market Wave Cycle as US Markets. So guess you know the answers!

Here goes the technical analysis by US TA Experts:

Where are we now?
(see 3 Phases of Bear Market and Dow/S&P 500 daily charts)


Phase 2 of Bear Market, Wave C up. Wave 1 is due to complete, next is Wave 2 down. Wave C will have 5 waves. Once Wave C is completed, Phase 3 of Bear Market should start.












How high can Dow/S&P 500 go?
(See Daily and Monthly Charts)

Dow: 10340 to 11500. 50% retracement = 10350. Can you see an inverted Head and Shoulder Pattern, neckline is broken, so upside target around 11500.

S&P 500: 1120 to 1200. 50% retracement = 1050. Can you see an inverted Head and Shoulder Pattern, neckline is broken, so upside target around 1200.











Wow! So bullish analysis and forecasts!

Me not so bullish. Read my comments in STI Elliott Wave Count!

Remember the Bears were 'eaten' up in the Bear Trap set by the Bulls when the Head and Shoulder Pattern have a false breakout? When there are too many Bears, the Bulls will win!

So could this be a possible Bull Trap set by the Bears? When there are too many Bulls who knows the inverted H&S Pattern, guess will likely win? Then some experts say Left and Right Shoulders are not balanced, the H&S Pattern is not complete.

More in Weekly Stock Market Forecast July 27, 2009.

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