Chart courtesy of Chartnexus.com
Attached above is the Technical Analysis of the Singapore Straits Times Index.
1. There were two A-B-C Escape Waves as illustrated in chart above.
2. The 1st A-B-C Escape Wave is a Mid-Term Escape Wave highlighted in Dark Green in chart above: this escape wave has achieved price satisfaction wave completion at 3408 points.
3. The 2nd A-B-C Escape Wave is a Short-Term Escape Wave highlighted in Light Green in chart above: this escape wave has achieved price satisfaction completion at 3458 points.
4. What these two ABC Escape Waves are telling you is that in between 1st escape wave and 2nd escape wave, using a range of Straits Times Index = 50 POINTS, the stocks and equities engaged in re-distribution of stocks from the smart hands to the fools' hands.
5. On "supposed break-up" of the double RED resistance lines, market participants who use standard technical analysis bought into the stock markets, while the stock markets used a 50-pt range to unload as much stocks as possible. This explained why the markets in the period of mid-January to March of 2015 refused to rally. This is a bearish distribution immediately following a break up, something which is increasingly becoming a fake break up, fooling 90% of the market traders and investors.
1. There were two A-B-C Escape Waves as illustrated in chart above.
2. The 1st A-B-C Escape Wave is a Mid-Term Escape Wave highlighted in Dark Green in chart above: this escape wave has achieved price satisfaction wave completion at 3408 points.
3. The 2nd A-B-C Escape Wave is a Short-Term Escape Wave highlighted in Light Green in chart above: this escape wave has achieved price satisfaction completion at 3458 points.
4. What these two ABC Escape Waves are telling you is that in between 1st escape wave and 2nd escape wave, using a range of Straits Times Index = 50 POINTS, the stocks and equities engaged in re-distribution of stocks from the smart hands to the fools' hands.
5. On "supposed break-up" of the double RED resistance lines, market participants who use standard technical analysis bought into the stock markets, while the stock markets used a 50-pt range to unload as much stocks as possible. This explained why the markets in the period of mid-January to March of 2015 refused to rally. This is a bearish distribution immediately following a break up, something which is increasingly becoming a fake break up, fooling 90% of the market traders and investors.
6. Singapore stocks and equities are to resume long term sell off soon: Be cautious.
(Cross reference with Malaysian Markets which was just posted, and the picture becomes clear)
(Cross reference with Malaysian Markets which was just posted, and the picture becomes clear)
7. The Straits Times Index has so far refused to rally with +10.000 Donovan Norfolk Funds Flow which is bearish in nature.
8. Note also that the region above double RED resistance lines has seen very weak buying, suggesting only retailers and the public (fools' money) have been bullish, not the smart monies: BEARISH
9. Note that in the RED circle region and the RED rectangle region, the selling volume has come back: BEARISH
10. Buying volume has been corrective in nature and selling volume impulsive: BEARISH. Market has been hastening the unloading of stocks using an index-only rebound. Broad markets are weak to rebound, and this is BEARISH in nature.
Investors to continue to suffer wealth destruction in a long term bear market as warned in end-2013 and early-2014. This is still an initial phase (stage 1) of a very long term bear market.
Resumption of long term bear market selling of stocks and equities is coming.
The following time map is the SOP rotational order of Selling:
9. Note that in the RED circle region and the RED rectangle region, the selling volume has come back: BEARISH
10. Buying volume has been corrective in nature and selling volume impulsive: BEARISH. Market has been hastening the unloading of stocks using an index-only rebound. Broad markets are weak to rebound, and this is BEARISH in nature.
Investors to continue to suffer wealth destruction in a long term bear market as warned in end-2013 and early-2014. This is still an initial phase (stage 1) of a very long term bear market.
Resumption of long term bear market selling of stocks and equities is coming.
The following time map is the SOP rotational order of Selling:
2012 to End-2013: Transition to bear markets for very weak/thrash stocks
End-2013 to 2014: Transition to bear markets for weak stocks and below average mid-strength stocks
End-2014 to 2015: Transition to bear markets for mid-strength stocks and strong stocks, including blue chips
Important Note:
+10.000 FFA means maximum dead cat bounces as pushed by the markets have been completed. End of rebounds. This is consistent with the 2 price satisfaction point that has been achieved by Straits Times Index. This also means stocks across the board is currently more or less achieved maximum rebound from October-2014 to February-2015.
Those stocks that did not rebound within your portfolio, they are revealed by the markets now as weak stocks. Those that did not rebound much are also considered weak stocks. Markets will make new lows for these stocks in the resumption of sell-off.
Weak stocks will be hammered with strong strength (and first to be sold), mid strength stocks will be hammered with mid strength. Strong stocks (those that rebounded quite an amount with the positive Funds Flow) will be hammered the least and start selling only when FFA turns to zero or slight negative.
This is the time for all to look closely at your portfolios and see what I say happen right in your eyes again. All your portfolios will be executing the above in the coming few months.
Refer:
http://donovan-ang.blogspot.sg/2015/02/straits-times-index-22-february-2015.html
http://donovan-ang.blogspot.sg/2015/02/msci-singapore-index-simsci-13-february.html
End-2013 to 2014: Transition to bear markets for weak stocks and below average mid-strength stocks
End-2014 to 2015: Transition to bear markets for mid-strength stocks and strong stocks, including blue chips
Important Note:
+10.000 FFA means maximum dead cat bounces as pushed by the markets have been completed. End of rebounds. This is consistent with the 2 price satisfaction point that has been achieved by Straits Times Index. This also means stocks across the board is currently more or less achieved maximum rebound from October-2014 to February-2015.
Those stocks that did not rebound within your portfolio, they are revealed by the markets now as weak stocks. Those that did not rebound much are also considered weak stocks. Markets will make new lows for these stocks in the resumption of sell-off.
Weak stocks will be hammered with strong strength (and first to be sold), mid strength stocks will be hammered with mid strength. Strong stocks (those that rebounded quite an amount with the positive Funds Flow) will be hammered the least and start selling only when FFA turns to zero or slight negative.
This is the time for all to look closely at your portfolios and see what I say happen right in your eyes again. All your portfolios will be executing the above in the coming few months.
Refer:
http://donovan-ang.blogspot.sg/2015/02/straits-times-index-22-february-2015.html
http://donovan-ang.blogspot.sg/2015/02/msci-singapore-index-simsci-13-february.html
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