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Let us examine the following indexes:

Dow
Low at 6469 on 6 Mar 2009
Now at 7776
Up 20.2%

HSI
Low at 11344 on 9 Mar 2009
Now at 14119
Up 24.5%

STI
Low at 1455 on 10 Mar 2009
Now at 1745
Up 19.9%

Comments: All the above happened within the past 3 weeks. If they retreat to test support levels, I will plan my purchase when Fibonacci Retracement at 23.6% (25% of available fund), 38.2% (25%) and 50% (50%). The Fibonacci Retracement is based on HSI.

1 comments

Alvis said... @ March 31, 2009 at 8:47 PM

All the 3 indexes have retraced more than 23.6% with STI nearly hit 38.2% retracement. I have invested about 25% of my fund.

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