(Updated 10/1/99)

N.B. Above Chart is abstracted from Metastock Program

If you have followed our advise and make an entry around STI 1,400 on last Monday/ Tuesday, you should be riding on good profit by now. Last week was certainly fruitful, on Friday STI index created a new high at 1555.9, only 5.9 points above our prediction of 1,550, which is quite a good guess. So, what would happen next week?

Early next week, we should see STI continue to move up towards 1,600-1,630 level. The index will only confront to profit taking in later part of the week, which will then bring the index down towards 1,500 level and lower. The star performance next week will probably center on 2nd liners and electronic counters.

From the wave structure analysis, we have completed the triangle Wave (B) consolidation, it is now going through the Wave (C) of ((B)). Wave (C) will probably take the index towards 1,650-1,700 region, of which 1,700 coincide with the fourth wave of a lesser degree of Wave ((A)).

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.