DBS & SGX

1) DBS (12.94)

Levels: 12.88, 12.60

Gap Fill

Keep Cash - at least sti 2480 to fill gap

Recap STI performance for the past 4 weeks :
--- hit the ceiling at 2700 3 times
--- when Dow rise, STI refuse to go above 2700
--- when HSI surge, STI still does not past 2700

Downward A has just started.
We should see Upwave B before Downward wave C. (2480 target at least)

Stay our of pennies.

Pennies run is officially over. Some have soar 200-300%. Now is dropping time. stay out