06 March 2007
STI Elliot Wave Analysis
monthly chart: 5 up waves I II III IV V in terminal stage - tail of the super bull market that started from SARS low cum US Invading Iraq War low in Mar 2003.
wave I up: 1205 (month ended on 31 Mar 03) to 1912 (month ended on 30 Jan 04)
wave II correction: 1912 (month ended on 30 Jan 04) to 1690 (month ended on 31 May 04)
wave III up: 1690 (month ended on 31 May 04) to 2399 (month ended on 31 Aug 05)
wave IV correction: 2399 (month ended on 31 Aug 05) to 2278 (month ended on 30 Jun 06)
wave V up: 2278 (month ended on 30 Jun 06) to ? (>3316)
wave V consists of 5 extended waves (1) (2) (3) (4) (5) which can be seen on the weekly chart only instead of on the monthly chart, in which waves (1) (2) (3) of wave V had completed, current intermediate correction is wave (4) of wave V. there will be wave (5) (up) of wave V after wave (4) of wave V completes in due course to complete whole wave V thus complete all waves I II III IV and V. wave (4) of wave V likely to be a symmetrical triangle consisting of sub-sub-waves abcde 5 waves, which is a complicated wave. There are many ups and downs within wave (4) of wave V - good stuffs for short term technical traders. wave (4) of wave V targets 2797 / 2675.
monthly chart: 5 up waves I II III IV V in terminal stage - tail of the super bull market that started from SARS low cum US Invading Iraq War low in Mar 2003.
wave I up: 1205 (month ended on 31 Mar 03) to 1912 (month ended on 30 Jan 04)
wave II correction: 1912 (month ended on 30 Jan 04) to 1690 (month ended on 31 May 04)
wave III up: 1690 (month ended on 31 May 04) to 2399 (month ended on 31 Aug 05)
wave IV correction: 2399 (month ended on 31 Aug 05) to 2278 (month ended on 30 Jun 06)
wave V up: 2278 (month ended on 30 Jun 06) to ? (>3316)
wave V consists of 5 extended waves (1) (2) (3) (4) (5) which can be seen on the weekly chart only instead of on the monthly chart, in which waves (1) (2) (3) of wave V had completed, current intermediate correction is wave (4) of wave V. there will be wave (5) (up) of wave V after wave (4) of wave V completes in due course to complete whole wave V thus complete all waves I II III IV and V. wave (4) of wave V likely to be a symmetrical triangle consisting of sub-sub-waves abcde 5 waves, which is a complicated wave. There are many ups and downs within wave (4) of wave V - good stuffs for short term technical traders. wave (4) of wave V targets 2797 / 2675.
Labels: Elliot Wave Analysis
