Dear all who have registered (in total 51 SHCians),
Plse be reminded the talk cum meeting is this Sat 080809 (auspicious day, double ‘fatt’) from 2.00 to 4.00PM at Raffles City Tower level 6 Phillip Presentation Room.
The STI index has briefly touched 2,700 points this mroning and retracted. The 2700 point is the very strong support turned resistance level. It is also the 50% retracement between the Oct07 high at 3907 and Mar09 1455 low, in line with Fibonacchi’s retracement projection. So, are we due for a correction? If so, how much will the STI pullback? Is this my second chance accumulate at reduced risk? If I have shares now (CPF or others), should I be selling now?
Well, to add some spice to this Sat’s talk, I shall include a Technical Analysis of the STI (from the past to now what’s next?), looking at possible retracement and support levels in the coming months.
So, don’t miss the Sat’s event. The theme is Stock Market: Preparedness (when meeting Opportunity = Managed Luck). Plse refer July 12 Post for topics and details.