For those who have been followed me closely, you would have noticed I turned bullish on last Thursday when STI surged above 1428 and closed above 1430. Unfortunately, this is a weekly updated preview and I was unable to update immediately for others to follow. Nevertheless, it is still not too late to turn long at this juncture, for I believe we would probably see STI reaching 1650 to 1700 before middle of April. This view is further supported by last Friday up burst of both the Nikkei and Dow Jones Industrial Index. I believe Dow Jones after a sideways consolidation for almost a month, is now in its breaking mode and should continue moving up until early to mid April. As for STI to reach 1650 to 1700, it would probably coincide with Nikkei reaching 15500 and Hang Seng at 12,000.

It looks to me that we have now completed wave (B) of ((B)) and is now going through wave (C) of ((B)), which is expected to be in a form of 12345. We may have gone through wave 1 and 2 of wave (C), in such case wave 3 will be very strong and should carry STI to a new short term high above 1580.

Alternate count, suggest that we have just completed Wave (2). A completion of Wave (2) will follow an impulsive Wave (3), which again will be very strong. So, whether it is a preferred count or alternate count, both suggested that we are still in this coming week.