Supplement: Finally Bottom?
This is a supplement to alert that the STI may have reached a bottom yesterday. Today there was a higher low and a higher high, which signals an uptrend. Yesterday’s intraday low was very near the 78.6% retracement of Wave 1. The outlook is that the STI has turned around. Investors with high risk appetite may start to selectively get back into the market. I may initially just choose one stock and invest a conservative amount.