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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Hang Seng Index Danger Ahead?

Today, March 23 2011, Daryl Guppy posted an article titled "Why Hang Seng Could Face Big Losses" at CNBC website.

Below is summary of keypoints to note:




  1. Decline in regional markets started before the Japanese earthquake. These external events, including the attack on Libya, will accelerate existing trends. Fear drives markets, but when it jumps on an existing down trend, the result is more.

  2. Hang Seng's decline started in November 2010. The move below the long term uptrend trend line confirms this long-term up-trend has ended, but it does not signal the start of a new downtrend. This end of uptrend behavior can develop into consolidation, or a sideways movement prior to a continuation of the uptrend.

  3. The failed rally in January 2011 confirmed the second anchor point for the downtrend line. The position of the downtrend line was confirmed with the third failed rally in early March. A strong chart pattern was created = a long-term down sloping triangle, bearish, adds to potential for a new downtrend to develop.

  4. Support is near 22,600. A confirmed weekly close below 22,600 has an initial downside target near 20,000. But 20,000 is not a historical support level, it is near 19,200. Higher probability of falling to 19,200. The triangle pattern is invalidated by a weekly close above 24,000.

  5. Traders and investors who are on the sidelines waiting for a rebound from the over-sold panic initiated by the events in Japan need to apply more careful analysis to determine if the rally is genuine, or just a rally in the context of an existing downtrend.


Wow! Straits Times Index, STI, also topped out in November 2010. (Still remember how I forecasted the November 9, 2010 TOP?).

Wow! I found the “formula” for forecasting the February 18, 2011 DOW TOP!

So, I am very confident my forecast for the Stock Market Bottom 2011 ahead will be correct! Huat ah!

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