To add on, Intermediate A has completed a 5 waves structure as
in my earlier thread on beware entering the market. My guess is
that this will be a 5-3-5 wave structure, and I think int B has
completed the 3 waves structure. We should be in a wave 1 of int C
now, and so I might load some blue chips on the next dip, which
should be wave 2... to catch the strong wave 3 upwards...
Right now, I'm rather optimistic that the market will achieve
near 2970 before a major down.... bringing sti back to re-test
March lows... Many indicators other than my TA....
Firstly, worldwide economy hasn't really recovered....
Secondly, Oct is traditionally the down period...
Thirdly, I believe another wave of retrenchments are
coming...
Fourthly, the H1N1 virus is still looming in the
background...
Fifth, I see a repeat of the 1998's down... We had a bull run
around 2001 before seeing STI come down all the way to 800 again in
2003, on the back of SARS. History might be repeating itself again,
and I believe STI will not only come back to 1455, but go lower to
test 1200...
I missed a bit of the run-up from March to Apr, and I bought a
bit too early, catching the falling knife in Feb... Having learned
a lot of things, I'm now more conservative, and accumulating more
and more funds for this expected down... Lost a lot of
opportunities to double my cash holdings because I ran out of
opportunity funds in March 
...
Now waiting patiently liao...
