27th Aug

August 23rd, 2008 Collin Seow Posted in Singapore Stocks Market |



27th Aug

Originally uploaded by collinseow


From the peak 12th Oct 2007 , count 159 days ( 6 X 30 days) forward , you will get the reversal date on 20 Mar 2008, and from 20 Mar 2008 , count another 159 days will be 27th AUG.
Looking at the Gann Fann , any drop below the the red line will be consider down .

So on 27th Aug if S&P remain above the red line , we will be heading up to 1320 .If by/on 27th Aug and we move below 1280 , we may test the low 1200 again or low 1100 as per previous post.

There are many reasons why the market will go or down, charting is the best way for small retail investors to have an edge.

Above are all my personal view . Please do your homework and read it with a pinch of salt :)


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2 Responses to “27th Aug”

  1. Joseph Says:
    August 24th, 2008 at 1:27 pm

    This would probably weigh heavily on next week’s news on homes sales and CCI result in the early week. Investors are expecting a slight recovery. What do you think?

  2. Collin Seow Says:
    August 24th, 2008 at 6:30 pm

    Frankly, I think chart move ahead of news so I wont assume anything. Maintain to sell on strength .

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