Trust Bank Singapore, New Digital Bank Freebies!

Image
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

August 2009 Forecast Bull or Bear?

How long more will this Bear Market Rally continue?


When will Phase 3 of this Bear Market start?

Will a retest of the March 6 2009 low occur in 2009, 2010, 2011, 2012 …..?

Will the March 6 2009 low hold?

Hmm... these are million dollar questions!

I need to take a deep look into my Crystal Ball for the million dollar answers! Oops!

For now, let's review the Elliott Wave Counts. Now there are 3 alternate wave counts. Wah! So complicated one!

  1. Wave C up will be 5 waves, wave 1 up looks topping out.

  2. Wave C up will have 3 waves, wave A up looks topping out.

  3. Wave C of Wave 4A (Phase 1) looks like topping out, next will be Wave 5A (Phase 1) down.

Which will be the correct wave count?

I guess we will know the answers by looking at the Chart Pattern!

Remember I mentioned some experts were very bullish when they see the inverted Head and Shoulder Pattern. Did you notice there is another bearish Chart pattern?

Yes, few experts noticed this Bearish Expanding Triangle Pattern.




Here's my guess:

  1. If a major correction occurs, the triangle support line is broken and rebound is no where in sight, then likely rally has ended. Possibly Alternate 3 Wave Count is in play.

  2. If a major correction occurs, the triangle support line holds and rebound, the rally might continue. If the rally hits the triangle resistance line, drops and break support line, then likely end of rally. Possibly Alternate 2 Wave Count is in play.



  3. If a correction occurs and rebound, the rally might continue. If the rally hits the triangle resistance line and breakout, likely Alternate 1 Wave Count is in play.




Look at the Dow, S&P500 and Straits Time Index Charts attached – Bearish Expanding Triangle Pattern labelled as wave counts A, B, C, D, E in Straits Time Index. Note the forecast is not drawn to scale!


Still confused? Lookout for Stock Market Forecast for August 2009 – coming soon!




Comments

Popular posts from this blog

Economic Cycle vs Stock Market Cycle

Boost Your OCBC360 Interest Rate to 3.55%pa from April 2019!

CPF@55 Policy Designed to Make the Rich Richer!