Market Warning!!!

The current small rally is nearing the end which means it is nearing the end of wave 2
of this correction. The final push will be highly selective after property, electronics and
china counters have performed their rally for the past few weeks. This selected few may
be banking counters to give STI a final push.

Quite a number of counters are now at the accumulation phase with no clear directions.
This may signal a major correction in the STI as all the counters break out from the consolidation phase. Traders are adviced to be careful in doing speculation.
Although there are many buy calls for the tech sectors, the market is still too unstable
to give a good risk benefit trade.

Wave 3 of this correction is estimated to take the STI down to around 2100-2200. This week will likely move more towards the red and a final rally next week. Wave 3 is estimated to start near mid of september and last through october. Hold your cash to catch cheap gems then to donate them to the unstable market now.

cheers, this is just an opinion. Never reply on any single source alone.

Heiwa report...