OUE: 9 February 2014, Sunday, 2.20pm Singapore Time
Chart courtesy of Chartnexus.com
Attached above is the OUE Technical Analysis with all my precision points as highlighted above:
1. Warned in October of 2012 that Singapore Property Markets had peaked.
2. Final Escape Wave Price Satisfaction was achieved shortly at $3.10-$3.20 for getting out.
3. End of Escape Wave confirmation in April-May of 2013.
4. Downtrend Channel in formation as above.
5. Backtest of $2.53-$2.57 merely as resistances in Nov-Dec of 2013 when I warned again of getting out of the markets.
6. Nascent Property Bear Market In Progress Worldwide, as warned in October of 2012.
2. Final Escape Wave Price Satisfaction was achieved shortly at $3.10-$3.20 for getting out.
3. End of Escape Wave confirmation in April-May of 2013.
4. Downtrend Channel in formation as above.
5. Backtest of $2.53-$2.57 merely as resistances in Nov-Dec of 2013 when I warned again of getting out of the markets.
6. Nascent Property Bear Market In Progress Worldwide, as warned in October of 2012.
Donovan Norfolk Ang Rating:
Highly Bearish for the long term.
Unload/Sell/Short on every Rebound
(Hint for Worldwide Markets: Bearish)
If you're not getting out for safety, are you prepared
for the high downside with substantial loss for those with buys/longs/investment portfolio?
for the high downside with substantial loss for those with buys/longs/investment portfolio?
(Expect to see first real wave of Margin Calls worldwide that had not been seen since 2008 financial crisis)
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