Updated 3/1/99)

N.B. Above Chart is abstracted from Metastock Program

The short trading week for the 1998 year end, proved to be quite but with strong underlying support. For this week, if market manages to break above 1400 and stays above that level (which I think is highly possible), we are probably heading towards STI 1550.

From the wave structure analysis, we have almost completed the triangle Wave B consolidation. A break above STI 1400 will signal the end of this correction that will continue to bring STI towards 1550 or a possible of 1700.

It is recommended that investors who have holding power, may consider accumulating for the coming week, ahead of our usual Chinese New Year rally.

Wishing all readers: Happy New Year and Lucky 1999

Events To Watch For The Coming Weeks/Months

1. The impeachment development on US President Bill Clinton..
2. The movement of US stock market.
3. The stability of Regional and Singapore currencies
4. Regional stock markets movement.
5. Singapore 3 months Inter-bank rate.
6. The new Euro era.