28th of Dec 2009: STI should hit 2886 before 2009 end and 3221 by June 2010
Posted by admin in Comments and Feedback, Futures Pick, Market AnalysisGood Afternoon,
Since March 2009 when STI was at 1450, I been very bullish on the local STI and regional Asian Equities market despite the Experts, Analysts and Economists calling for sell or get out.
Then came June, when it was trading at 2350, based on mathematics, its UP by 62%. Based on any TA textbook, its overbought but I stand firm on my stand that the market still got plenty of room to go up highly. But again, many Experts were looking at a double bottom formation to ocur then.
Then we saw Sep, the index hit 2680 and again, based on Mathematics, its UP by 84% since March’s low of 1450. Versus June level against Sep level, isn’t it super duber overbought? And more people fear on possible correctional move to come. More people went short than going long. More people are staying on the side but again, I stood firm with my stand.
Now is Dec 2009, the Index is trading at 2856, based on Mathematics, it is UP by 96%!!! Are you selling??? Based on some survey in Hong Kong, more than 70% of the investors there are less than 50% invested in the market!!!
At V3Go, we don’t re-invent the WHEEL, we just make it better.
Cheers!
Disclaimer apply as usual
Kelvin Han
aka Trend Master
Originator of V3Go Mentoring Program
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