Accumulate slowly

I believe that this is about a good time to accumulate good stock as any. If my wave count is correct, then the US's and Europe's 4th-wave correction is about to end. Asia is likely already in the lead, with its 5th wave already on its way.

US could correct a bit more but this is about time to get in for the big and final rally of this bull run. Still, for this count to be 'correct', it has to stay above the 12,760-12,800 level in the upcoming trading days. A break above the 13,450 level would confirm that the 5th wave is on its way.

STI - is now in the buying range of 3,300-3,400, marginally.. If it drops further today, then the market is enabling investors to get in at a lower level. Construction counters Tat Hong and HL Asia are 2 stocks that I like. The smaller construction counters such as Yongnam and Lian Beng also are looking ripe to move. Property counters would follow suit.

KLCI - is now in the buying range of 1,420-1,440. Similarly, large construction counters such as Gamuda, WCT and IJM have already moved. Oil and Gas counters could move soon too as investors would like hop on the 'idea' that crude oil is close to US$100 per barrel. Plantation counters would also continue to gain further despite it outpacing the rest in Dec. Today, steel companies such as Ann Joo, Kinsteel, Masteel would likely rally again after yesterday's short pause.