Turning Point: 6th September 2007

This is Chap Ayam's prediction for 6th September 2007. Interestingly, it is also a day before PM's 2008 Budget Speech.

Based on Fibonacci Time Projection Method, Chap Ayam has calculated a trend-change date. According to him, it will not indicate whether it will be an up-trend of a down trend; only that a trend change is likely.

I would like to hazard a guess that it will be an up-trend because Wall Street's preoccupation with sub-primes and the yen carry trade is receding from the front-line of Wall Street's attention.

Expect most active counters and blue chips to move up convincingly from tomorrow onwards up to next week. After that, it will be the profit-taking phase.

Heartsong