STI Commentary

This is interesting, STI closed at 2919, let's see if it can close above 2933 to create a new 52 week high. The bulls seem to be on a run, but the declining volume doesnt bode well. It has to correct, so lets see if it corrects from 2933 onwards.

If the consensus elliot wave count is correct, this could be the last lap of wave 5, which will then mean it is destined to break 3000 barrier before doing the great descend.

I'm personally staying put; investing in high yield defensive countes instead. To me, my investing principle is simple: Make money can already,it does not pay to be greedy.