heya,

just a general note to all:

those using wave, elliot and fibonacci should take note that the initial parameters for use include having a

1) large enough sample size,

2) such that movement is approaching random.

mathematically, it's about a large enough sample size such that behaviour is mathematically natural.

ours is a closed market--very easy to control it up or down, relative for the BBs. ie, the STI does not fulfil the initial parameter requirements for use of tools like fibo etc, since ours isn't a natural number movement. esp at this period of time: the total vol is only 1 bil usually. cf to previous bull run, where regular vol was 4bil and even higher.

which is why tech use has to be different.

so cashiertan, my guess is that likely your feel for the other two markets is better, because their sample size is large enough such that overall movement approaches random: ie, TA like fib is more accurate for these markets.

above is just my 2 cents ultra-geek opinion. lol.  

they'll bail out the auto makers, one way or another. it's just wayang now.

dunnoe why but i find i am not as suceesful trading STI as compared to US index and HSI. I feel better for the latter two countries indexes. However, the TA part u mentioned abt the consolidating move for upward movement is not 100% correct. Consolidation yes but consolidation for upward move is debatable. there are many charts with such signs but still break downwards. 

However, from US point of view. the market is anticipating congress to approve loan to the Big 3 Auto and hence the recent two days rally.