13 April Apocalypse Watch

Yes, SPX did indeed went to my forcast of 857, I see this as a wave 5 move which may touch 867, 1.618 projection of wave 4.

Euro is hanging on a thread, ready to penetrate 1.3000. Singapore government is releasing its monetary decision tomorrow (Tuesday 14 April), widely expected to shift its balanced currency median upwards, i.e. weaker SGD, stronger USD. We may see a dash of USDSGD towards 1.5500, eventually 1.6000.

Singapore is in deep trouble. Shell just announced stopping its refineries in Singapore, i.e. forecasting weak oil demand. Its ports are operating at 50% capacity. Manufacturers are starting to retrench (retrenchment was artificially set back by government incentive Jobs Credit program, which cannot prevent the inevitable).

Thailand government is in mockery, after it has to helilift Asian leaders out of
the Asean summit when demonstrators storm the venue.

The only hope is the rumoured 2nd China stimulus package. Which should jig the Hong Kong Stock Index and Shanghai composite higher.

Some western buyers have come in to Asia market morning to make a gap up. Literally make it.

Now we just wait for the stampede out of the door. It is said that the Stock Market foretells the Economy by 6 to 9 months.

But we are on a bull trend from 1929 till 2007, a period of almost 80 years. How would the current recession/depression finish in just 2 years ?
The market consensus is that we are in deep recession, but not depression.

I am on Apocalypse watch,

Apocalypse watch:
Earhquakes has happened, meteors coming.

Meteors showers:

Lyrids Meteor Shower
Start Date: April 16
Peak Date: April 22
End Date: April 25

The Funds jigging up the stocks would have to dash for the exit when the unexpected happens. As I would reveal to my subscribers the black swan event and how to position for it.

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