Saturday, June 16, 2012

Stock Market Crash like 2008?

In May 2012, I told my nephew that the Straits Times Index (STI) will drop "vertically" from the Diamond Top, break the red support line and go back test it.

Wow! It really happened on June 15 2012!

How do I know?

Can you spot the similarities between the STI Charts for 2008 and 2012?

What could happen to Straits Times Index, DOW, S&P500, Nasdaq, Hang Seng Index, Shanghai Composite Index and various Global Markets going forward?

Will STI break the multiple resistance lines to continue the Bear Market Rally? Or will it crash like the 2008 Stock Market Crash?











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