STI recovers a little today with only 9.23 points. Looks like a knee-jerk reaction here, from waves view, this is at most a minute wave.
If I am a little more optimistic then this is because the market has filtered all the bad news and is ready for a correction. But I am not confident of a correction in the near future.
This is a near death struggle before finishing off at lower levels. I would say 1,500 points is where the STI is heading.
The stock market's Tsunami is coming.
I am not going to buy anything now for sure. There could be more bad news from U.S soon, let's keep our fingers crossed. Watch out for the hedge funds.
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