$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 . . .

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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 . . .


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$STI(^STI.IN) (weekly) - following Wall Street market STI is also building a mini-top over the 5-month rebound from December as chngkay needs to observe the sell-in-May routine . . .

Kopisoh has been expecting chngkay to chop down the 10-year old tree but she cannot jump the gun and decide for chngkay when is the best time to do the chopping . . . so the best she could do is to gather the evidence bit by bit and try to form a more complete picture . . .

Kopisoh said the 19% correction to Blue-6 last year was to establish the lower limit of the new downtrend . . . and the rebound to Blue-6a was to establish the upper limit . . .

After the big drop from 6a chngkay can afford to pull out a right shoulder to make the H&S mini-top more decent looking . . . unfortunately she doesn’t know how to give a target during this tumultuous time . . .

Kopi-uncle said when the tree was relatively young e.g. in 2012 and 2016 chngkay don’t mind breaking the upper limits of the down move (i.e. Blue-2a and Blue-4a) to let the bull-run continue . . . but like they always say this time may be different . . .

According to him:
1. 3-year uptrend still intact unless STI were to drop below Blue-4/Blue-6 line at 3,040
2. 10-year uptrend still intact unless STI were to drop below Blue-2/Blue-4 line at 2,520

See also STI 40-year channel posted 18.12.2018

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 . . . doing a pull-back
Wall Street (USA) - dropped below the neckline of 1-year top in Dec last year . . . doing pull-back to 1-year top
FTSE 100 (UK) – lingering at the neckline of 2-year top
DAX (Germany) - dropped below the neckline of a 2-year top . . . doing a pull-back
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 . . .
Trade-war and Brexit are just some excuses that the media makes use of to try explain why market is not performing . . .

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$STI(^STI.IN) (daily) – STI hit a 52-week high of 3,415 on 29 April conquering 3.4k . . .

Kopisoh said chngkay tried to do a follow up on 30 April unfortunately he was unable to surpass the previous day’s high . . . traders came back after the May Day holiday to observe the tradition of “Sell in May and go away” . . . Trump’s tweet on 5 May brought about the first-leg of the down move . . .

You may want to call it the curse of Adam Cheng . . . but the truth is Kopisoh said Our Mr. Great President has just given a signal to start a chain reaction that trigger the sell-in-May effect all over the world . . .

However we cannot call this a change of trend until it is proven a change of trend i.e. STI still needs to drop below the 50D m.a. at 3,277 and the 200D m.a. at 3,188 . . .

Knowing chngkay he will not let market die just like that . . . there will be plenty of struggling between the 50D m.a. and blue-v to build a mini-top . . . to let traders keep guessing his next move until everybody is tired . . .

Kopi-uncle said do take note that the Blue-5 high of 3,641 recorded on 2 May last year made it a KRD (key reversal day) to start a new trend that ran all the way until 26 October half a year later . . .

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 . . . doing a pull-back
Wall Street (USA) - dropped below the neckline of 1-year top in Dec last year . . . doing pull-back to 1-year top
FTSE 100 (UK) – lingering at the neckline of 2-year top
DAX (Germany) - dropped below the neckline of a 2-year top . . . doing a pull-back
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 . . .
Trade-war and Brexit are just some excuses that the media makes use of to try explain why market is not performing . . .

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$STI(^STI.IN) (daily) – 7-month correction from Blue-5 rebounded at Blue-6 . . . the 6-month rebound from Blue-6 hit a high of 3,362 last week . . .

Kopisoh said if chngkay is not powerful enough to conquer 3.4k in the next one or two week market is going to start a new trend . . .

According to Kopi-uncle Wall Street hit all time high last Thursday and that could jolly well be a KRD (key reversal day) to trigger profit taking to start a new trend . . .

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 . . . doing a pull-back
Wall Street (USA) - dropped below the neckline of 1-year top in Dec last year . . . doing pull-back to 1-year top
FTSE 100 (UK) – lingering at the neckline of 2-year top
DAX (Germany) - dropped below the neckline of a 2-year top . . . doing a pull-back
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 . . .
Trade-war and Brexit are just some excuses that the media makes use of to try explain why market is not performing . . .

Read more

$STI(^STI.IN) (Daily) – 5-wave rebound from December has reached the front gate of enemy core area where many prisoners of war are being held . . . I asked Kopisoh whether chngkay will be bold enough to march straight in to rescue them? . . .

“You think chngkay stupid? . . . if he becomes prisoner of war who will rescue him?”

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 . . . doing a pull-back
Wall Street (USA) - dropped below the neckline of 1-year top in Dec last year . . . doing pull-back to 1-year top
FTSE 100 (UK) – lingering at the neckline of 2-year top
DAX (Germany) - dropped below the neckline of a 2-year top . . . doing a pull-back
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 . . .
Trade-war and Brexit are just some excuses that the media makes use of to try explain why market is not performing . . .

Read more

$STI(^STI.IN) (daily) – 3-wave run-up from Blue-6 hit a high of 3,286 seen last month before losing momentum to build a 3-month micro-top with neckline at 3,156 . . .

Kopisoh said a Golden-cross was seen 3 weeks ago when the 50D (pink) crossed the 200D (white) from below . . . but as mentioned before a Golden-cross is a misleading indicator . . . as the index has by now dropped below the 50D and is sandwiched between the two moving averages waiting to breakout . . .

10D at 3,203 has become a heavy resistance . . .

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 has ended
Wall Street (USA) - dropped below the neckline of 1-year top in Dec last year . . . a pull-back has ended
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 . . .
Trade-war and Brexit are just some excuses that the media makes use of to try explain why market is not performing . . .

Previous post : 26.02.2019

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