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Recently, I invested 20% of available fund when HSI hit scenario 2. A friend asked me for the reasons to purchase. My reasons are:

  • We are already 16 months since recession - time to pick up good shares during pullback. But remember to plan your purchase.
  • Reference to HSI, I believe we are in Wave 1 (up), and this current pullback maybe Wave 2 (down). There are still 2 more up wave (3 and 5).
  • Dow, HSI and STI have rebound after testing Fibonacci Retracement at 23.6%.

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