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Singapore ST Index update: The FEAR mentioned in 8 April post has surfaced
This is a quick update of the Singapore ST Index. As expected in my 8th April post, the mentioned FEAR lurking in the background has finally surfaced. In the same post was mentioned a pending last point of the thrust wave (Point 5) to strike the top channel; this had come to pass (see chart below). After this point was touched on 15th April, the market immediately went down to travel along the lower channel before dropping in a way truly reflecting FEAR. Note that STI is now lower than the January 2010 peak, suggesting a possible peaking scenario. .
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