More Decline
[For those who missed my previous blog, I’m repeating this: First my apologies. If you logged into lhwong.per.sg you would have got a message that the server could not be found. SGNIC has decided to terminate all .per.sg domains due to low usage. I had to transfer my website to a new domain: lhwong.com. Due to delays caused by technical difficulties I was unable to post a notification about the change of domain before lhwong.per.sg was shut down. However I am glad that you have found my website here and can continue following my blog. Sorry for the inconvenience.]
This week the STI dropped by a large amount with another gap down. It has fallen so much that the wave count has to be revised, It is likely that after Wave 5 (red) completed on 17 February, the whole wave structure is a corrective Wave ABC (red), which will be a 3-3-5 flat. If so, the wave will complete with a sideways Subwave 4 (black) followed by a downward Subwave 5 (black). Then the STI should rise strongly up.