$STI(^STI.IN) (daily) – investors/traders or even chngkay putting money in the stock market is in the hope of making some extra $$ . . . If they cannot make $$ will they stay on??? . . .

Kopisoh said not sure whether you would call that a “mini-crash”? . . . STI had been dropping since April and dropping practically every day for the past week . . . still no end in sight . . .

For those who insist on trading it is best not to stand in the front-line . . . safer to hide behind some brave hero to let him block all the bullets and catch all the falling knives and flying daggers . . .

Failing which we may have to wait for senior chngkay to give us the green light before entering the market again . . .

p.s.
Stock indices all over the world tend to move in tandem as economy of individual country is affecting each other and they are all guided by the same macro-cycle . . .

With the exception of NASDAQ and Germany most markets had seen their peaks in January this year . . . they are having difficulty moving back to the high for now . . . in fact many have already dropped below the neckline of a market-top to go into a downtrend . . .

Read more
3 likes
2 comments
clementboo

I believe many investors are aware but groom n doom it is, too late to sell n too early to buy. Hence STI will limbo for another 6 months or so I Guess.

ochartist

Reply to @clementboo : For investors it is better to wait for bargain basement price so that they can stretch their $ and buy more . . .
For traders it is better to wait for market to turn into an uptrend then it will not be so stressful . . .


Recommended & Related Posts

$STI(^STI.IN) (weekly) – correction from Blue-5 rebounded at 2,955 seen last October to linger at the neckline of the 1.5-year market top . . .

Kopisoh said chngkay is fighting with stale-bulls trapped inside the right-shoulder of the market top to see how high he can go . . .

Warning: don’t ever listen to kopisoh if you want to make money as she always likes to talk nonsense . . .

p.s.
You may want to laugh but Kopisoh’s passion is to compare the shapes and sizes of the various mid-term H&S tops and bottoms to try and guess where chngkay going to bring us in the next 6 months to a year . . .

A summary of major global stock market performance:
STI – bear-run since June 2018 . . . doing pull-back to the 2-year top
HSI (HK) – bear-run since June 2018 . . . doing pull-back to the 1-year top
SSE (China) - – bear-run since June 2018 . . . may be one of the first to show a reversal bottom
KOSPI (Korea) - – bear-run since June 2018 . . . doing pull-back to the 2-year top
KLCI (Malaysia) – lingering at neckline of a 2-year Diamond-top
NIKKEI (Japan) – dropped below the neckline of 1-year top in Dec last year . . . a pull-back is about done
Wall Street (USA) - dropped below the neckline of 1-year top in Dec last year . . . a pull-back is about done
FTSE 100 (UK) – lingering at the neckline of 2-year top
DAX (Germany) - dropped below the neckline of a 2-year top
Canada (60) – lingering at the neckline of a 2-year top

According to Kopi-uncle chngkay needs to chop down the tree every 10 years or so to start a new crop when there is no more incentive for him to push the market any higher

Read more

$STI(^STI.IN) (daily) – being a mid-term trader I prefer to look at weekly charts . . . but once in a while it is good to look at some daily chart to see at what stage of the bull or bear we are in . . .

Kopisoh said 5-wave correction from Blue-5 rebounded at 2,955 to linger at the neckline of the 1-year top . . .

The index will move between green-b and green-c until it break-out either way . . .
Upside breakout = bullish
Downside breakout = bearish

Warning: don’t ever listen to kopisoh if you want to make money as she always likes to talk nonsense . . .

p.s.
You may want to laugh but Kopisoh’s passion is to compare the shapes and sizes of the various mid-term H&S tops and bottoms to try and guess where chngkay going to bring us in the next 6 months to a year . . .

A summary of major global stock market performance:
STI – bear-run since June 2018 . . . doing pull-back to the 2-year top
HSI (HK) – bear-run since June 2018 . . . doing pull-back to the 1-year top
SSE (China) - – bear-run since June 2018 . . . may be one of the first to show a reversal bottom
KOSPI (Korea) - – bear-run since June 2018 . . . doing pull-back to the 2-year top
KLCI (Malaysia) – lingering at neckline of a 2-year Diamond-top
NIKKEI (Japan) – dropped below the neckline of 1-year top in Dec last year . . . a pull-back is about done
Wall Street (USA) - dropped below the neckline of 1-year top in Dec last year . . . a pull-back is about done
FTSE 100 (UK) – lingering at the neckline of 2-year top
DAX (Germany) - dropped below the neckline of a 2-year top
Canada (60) – lingering at the neckline of a 2-year top

According to Kopi-uncle chngkay needs to chop down the tree every 10 years or so to start a new crop when there is no more incentive for him to push the market any higher

Read more

$STI(^STI.IN) (weekly) – correction from Blue-5 rebounded at 2,955 seen Oct last year to do a pull-back to linger at the neckline of a 1.5-year top . . .

Kopisoh said for market to go back into an uptrend the index must move above the 40-wk moving average currently at 3,231 . . .

On the other hand bear market will continue if the index were to drop below Blue-6 . . . the yellow line joining Blue-2 and Blue-4 can act as a likely support . . .

Warning: don’t ever listen to kopisoh if you want to make money as she always likes to talk nonsense . . .

p.s.
You may want to laugh but Kopisoh’s passion is to compare the shapes and sizes of the various mid-term H&S tops and bottoms to try and guess where chngkay going to bring us in the next 6 months to a year . . .

A summary of major global stock market performance:
STI – bear-run since June 2018 . . . doing pull-back to the 2-year top
HSI (HK) – bear-run since June 2018 . . . doing pull-back to the 1-year top
SSE (China) - – bear-run since June 2018 . . . may be one of the first to show a reversal bottom
KOSPI (Korea) - – bear-run since June 2018 . . . doing pull-back to the 2-year top
KLCI (Malaysia) – lingering at neckline of a 2-year Diamond-top
NIKKEI (Japan) – dropped below the neckline of 1-year top in Dec last year . . . a pull-back is about done
Wall Street (USA) - dropped below the neckline of 1-year top in Dec last year . . . a pull-back is about done
FTSE 100 (UK) – lingering at the neckline of 2-year top
DAX (Germany) - dropped below the neckline of a 2-year top
Canada (60) – lingering at the neckline of a 2-year top

According to Kopi-uncle chngkay needs to chop down the tree every 10 years or so to start a new crop when there is no more incentive for him to push the market any higher

Previous post 18.12.2018

Read more

$STI(^STI.IN) (monthly) – short-term traders look at mid-term charts and mid-term traders look at long-tem charts . . .
I posted the long-term chart of STI 3 months ago and since long-term chart moves at a very slow pace I just copied wholesale what I said in the last post:
Our World Class Market tends to move in a 10-year cycle . . . as it takes about 10 years for the market to move from the Leg-zone to the Head-zone . . .
Kopisoh said having reached the Head-zone chngkay will find it more and more difficult to move market any higher . . . so he will find some excuses to bring it down again . . .
Donald Trump just happens to appear at the right time to become a scapegoat . . . and his trade-war a perfect excuse . . .
As mentioned before many investors/traders who are in the market for less than 10 years will have no idea what a bear-market is . . . they thought they could single-handedly prevent the market from falling down just like the legendary praying mantis who tries to stop a moving vehicle with its bared arms (螳臂挡车) . . .
The long-cycle correction process will be extremely slow as it may be interrupted by the occasional shallow rebound to enable junior chngkay and short-term traders to make some kopi $ . . .
However once the major-cycle is set into motion it will not be easy to change its course . . . nobody can hurry it up . . . neither can anybody stop it until it has run its full course . . .
For investors it will be better to wait for bargain basement price at Leg-zone so that they can stretch their $ to buy more . . .
Mid-term traders who are looking for wider profit-margin should wait patiently for the reversal bottom . . .
All in all it will be better to wait for market to turn around to go into the next uptrend then it will not be so stressful for everyone else . . .
How low will the next-0 be? . . .
Kopisoh said after the recent correction our market has dropped to the Body-zone of the long-term channel representing fair-valuation . . . STI has reached the first target of the 10-month H&S so we may see some minor rebound from the 10-year uptrend support (Blue-0/Blue-B line) . . .
However this line will be broken should the correction deepen further and when the index is ready to enter the Leg-zone at 2.6k . . .
As to when the bear market will end only time will tell . . .
One consolation is that the euphoria Blue-C is not that euphoric . . . so hopefully the horror-0 will not be that horrific . . .
The Blue-2/Blue-4 (yellow line) offers a reasonable support at 2.5k . . .
But according to Kopi-uncle the 20-year cycle correction also happens to be due in this one or two year . . .
Anyway the lower limit of the 30-year channel at 2k should be attractive enough for many senior chngkay to come in and scoop up . . .
Warning: don’t ever listen to kopisoh if you want to make money as she always likes to talk nonsense . . .

p.s.
You may want to laugh but Kopisoh’s passion is to compare the shapes and sizes of the various mid-term H&S tops and bottoms to try and guess where chngkay going to bring us in the next 6 months to a year . . .

A summary of major global stock market performance:
STI – bear-run since June 2018
HSI (HK) – bear-run since June 2018
SSE (China) - – bear-run since June 2018
KOSPI (Korea) - – bear-run since June 2018
KLCI (Malaysia) – lingering at neckline of a 2-year top
NIKKEI (Japan) – building right-shoulder of 1-year top
Wall Street (USA) - building right-shoulder of 1-year top
All Ordinaries (Australia) - lingering at neckline of 1-year top
FTSE 100 (UK) – dropping below neckline of 2-year top
DAX (Germany) - lingering at neckline of a 2-year top

According to Kopi-uncle chngkay needs to chop down the tree every 10 years or so to start a new crop when there is no more incentive to push the market any higher
@Hayashi8

Read more

$STI(^STI.IN) (weekly) – Head-&-shoulder market top is a congestion area that can turn a mid-term uptrend into a downtrend . . .

After a bear was born market may lingers at the neckline for a little while . . . but the neckline has become such a heavy resistance that market will find it hard to move back up so it will have to go into a downtrend eventually . . .

STI has been moving in a downtrend for 6 months (8 months if you count from the peak) . . .

Kopisoh said a downtrend will bring valuation down . . . when market has become cheap enough senior chngkay will come in to search for bargains . . . his action has the effect of turning a downtrend into an uptrend . . .

For that to happen market needs to overcome and break a few obstacles:
1. the downtrend resistance
2. the 10-week moving average
3. the 40-wk moving average

STI has moved above the 10-wk m.a. to tackle a 4-month congestion area between Jun and Sep . . .

According to Kopi-uncle there is a congestion area but still a long way to the forming of a bottom so we may need to endure another down-wave to bring us nearer to the edge of the long-term Leg-zone where bargain basement is . . .

Warning: don’t ever listen to kopisoh if you want to make money as she always likes to talk nonsense . . .

p.s.
You may want to laugh but Kopisoh’s passion is to compare the shapes and sizes of the various mid-term H&S tops and bottoms to try and guess where chngkay going to bring us in the next 6 months to a year . . .

A summary of major global stock market performance:
STI – bear-run since June 2018
HSI (HK) – bear-run since June 2018
SSE (China) - – bear-run since June 2018
KOSPI (Korea) - – bear-run since June 2018
KLCI (Malaysia) – lingering at neckline of a 2-year top
NIKKEI (Japan) – building right-shoulder of 1-year top
Wall Street (USA) - building right-shoulder of 1-year top
All Ordinaries (Australia) - lingering at neckline of 1-year top
FTSE 100 (UK) - building right-shoulder of 2-year top
DAX (Germany) - lingering at neckline of a 2-year top

According to Kopi-uncle chngkay needs to chop down the tree every 10 years or so to start a new crop

Read more

There are more for you ...

View more and participate in our discussion now. It's FREE.

Creating an account means you’re okay with InvestingNote's Terms and Conditions