It looke somewhat like an inverted saucer with the right side 'ear' forming...

Actually anything is possible with Citigroup dropping from US$55 to US4.40 last nite, more than 90% in less than 2 years.

But for Singapore, it is not as bad, so 1997/98 bottom at STI @800 is a probably lowest it can get where:

DBS $5, OCBC $2.50, UOB $6, this is about 50% of current price, possible if we go into great depression when Citigroup gets nationalized like AIG, and unemployment rate hit 20% in every country. STI should hit 800 again. Deja Vu, rewind 10 yr for Singapore, rewind 50 yr for US where GM, GE, C, BAC all get nationalized.

ok, wat is the possible lowest, with your views, just to share?

time frame, no limit. can put in X factor, any, to justify analysis.

However, there is no right or wrong issue, just air out.

Any view in the forum is a good view. Thats all.

Bank can still operate at share price of $2, if within MAS regulations, ie sufficient tier 1 and CAGR.

But DBS with book value of $13 and trading above $10 for the past 5 years, if share price ever fall to $2 can only mean market feel the bank's book value per share is approaching  zero or negative in the near future similar to what is happening to citigroup now.

And of course, if the book value is near zero, bank will fail CAGR and tier 1 and thus cannot operate anymore.

It simply means the share price can only drop to $2, if market foresees net assets (less liabilities) going below zero, and bank no longer meets CAGR, ie bank failure. Otherwise it is quite impossible to drop to $2.

I think he's trying to link the 2 indicators together. But might not know how to explain it. Or worst, he might reading others analysis & copied to his post w/o knowing what is in the content. Confusing himself & others.

Fibonacci numbers & ratios
Elliot Wave uses fibonacci numbers as a part of its theory. What are fibonacci numbers? To get a sequence of fibonacci numbers you would add the previous number to the current number to get the next one. Eg. Fibonacci numbers are 1,1,2,3,5,8,13,21,34,55,89,144 and so on. After the first 4 digits, if you divide the current number to the previous one you will get a ratio of 1.618, eg. 89:55=1.618. Or if you divide the current number to the next number you get the ratio of 0.618, eg 55:89=0.618.

If you divide a fibonacci number by the number that precedes it two places you’ll get 2.618 accordingly. And if you divide a fibonacci number by a number 2 numbers following it, you’ll get the ratio of 0.382. Eg 13:34= 0.382.

What do fibonacci numbers have to do with Elliot Wave theory? Simply put – the fibonacci ratios, according to Elliot Wave theory, are the primary factor of the extent of price and time movements in ANY market. Main relationships can be found between the waves in the similar direction – eg. The length of 3rd wave is influenced by the length of 1st wave.

http://www.learning-to-invest.com/Introduction-Elliot-Wave-Principle-amp--Fibonacci-ratios--59.html

80% drop for DBS fr now, to 2.20. Thats gonna be Wave 4 in Fibo liao, for all counters.

Hope not loh. Tamasick got 45% steak in DBS loh. Of course a float will be thrown

to DBS, if it drowns.