2 May 2025 – Wave 4
Wave 4 (red) has started and is likely to continue early next week. Upon completion, Wave 5 (red) will start, going upwards. Given the length of Wave 1 (red), Wave 5 should be just as long or longer.
25 April 2025 – Uptrend Continues
My analysis on 17 April proved to be correct. The STI rejected my alternative wave count on 20 April. It continued upwards with Wave 3 (red) and reached a top yesterday. The decline today is not substantial. It is the beginning of …
20 April 2025 – Market Crash?
I am writing this on Sunday 20 April. On Thursday I wrote that the STI is on an uptrend, forming Wave 3 (red) upwards. In the chart above is an alternative wave count showing the STI …
17 April 2025 – Uptrend
My positive view of the market proved to be correct. The STI rose very sharply over this holiday-shortened week. It closed above the top of Wave 1 (red), ending near today’s intraday high. This promises …