Latest Forum Topics / Straits Times Index |
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STI to cross 3000 boosted by long-term investors
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louis001
Master |
23-Mar-2012 08:38
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Reuters  –  3 hours ago...Wall Street retreats but bull market still alive....  " The advance we've had so far this year is not sustainable, and the market is taking a little breather," said Terry Morris, senior equity manager for  National Penn Investors Trust Company  in Reading, Pennsylvania. " The market could easily come down 3 to 5 percent and still be within the context of an improving economy and continue to work higher," he said. |
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xing78
Elite |
23-Mar-2012 08:27
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today intend to clear all my longs and position for shorts in the medium term of 3 to 6 months. good luck :p | |||||||||||
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monk999
Master |
22-Mar-2012 23:50
![]() Yells: "TA is an art!" |
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can you show your charts with EW counts? thanks
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Sporeguy
Elite |
22-Mar-2012 23:36
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STI is technically at end of wave3 and beginning of wave 4. The USA Presidential Election is to be held on 6 Nov 2012 (Tues),so before that, the stocks will be at least supported. The STI may reach 3200 around June, and may go higher up due to DJ. After the election, watch out. |
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teeth53
Supreme |
22-Mar-2012 23:33
![]() Yells: "don't learn through life, learn to grow with life " |
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Just my thot. Another red day for Asian bourses....Happi Trading for Tmr is Friday. http://sg.finance.yahoo.com/  (Click U.S. / Europe and Asia and or Singapore -- more) |
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teeth53
Supreme |
22-Mar-2012 23:26
![]() Yells: "don't learn through life, learn to grow with life " |
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http://www.cnbc.com/id/46785936 Stocks extended their losses Thursday, with the Dow down almost 100 points, as worries over a slowdown in China and the euro zone trumped a handful of better-than-expected economic reports. Nearly two-thirds of institutional investors expect Portugal or Ireland to restructure its public debt, according to a survey by Barclays Capital of 700 institutional clients.
Four in ten think that at least one country will leave the euro-zone this year. That’s down from almost half in Barclay’s December survey but still a level Barclay’s describes as “uncomfortably high.” Market Keeps Rising, but Who’s Doing All the Buying?Apple: The Secret Reason It Has So Much CashNew York Housing Market Could Still Collapse: Analyst |
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teeth53
Supreme |
22-Mar-2012 23:16
![]() Yells: "don't learn through life, learn to grow with life " |
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Written by David Song, Currency Analyst... Euro continued to give back the advance from earlier this mth amid the weakening outlook for the region, an analyst at Standard and Poor’s fired warning shots against Italy, stating that the region continues to face ‘very large financial requirements,’ and went onto say that the biggest risk surrounding the region ‘would be to fall into the trap of complacency’ as European policy makers become increasingly reliant on monetary support. As the sovereign debt crisis continues to dampen the outlook for the euro-area. ECB may continue to carry out its easing cycle in 2012, and we may see the bearish sentiment underlining the single currency gather pace over the near-term as Euro policy makers struggle to shore up investor  confidence. European periphery continue to face high financing costs, but argued that the group should focus on increasing the credibility of the firewall as Italy and Spain remains ‘too big to be saved.’
European stocks fell for a fourth day, the longest losing streak since November, as manufacturing contracted in China and the euro area. DOW trading in -ve -100pt |
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louis001
Master |
22-Mar-2012 23:14
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Believe it or not, correct or not, taken from the web,  the big question is whether it is a minor correction or major one or worst one ?  only time will tell, lol. /Dennis Slothower  specializes in using technical analysis to help understand the market.And according to Marketwatch.com, Dennis Slothower “was one of the very few advisors to make money during the Crash of 2008.”  -- Marketwatch.com, June 6, 2011 And now he’s issuing another dire warning.  His technical indicators suggest that the market manipulation we’ve seen over the last several months is about to come to an end.  This correction could begin as soon as  March 31st– so it’s important that you take action now to prepare yourself...// |
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bishan22
Elite |
22-Mar-2012 22:56
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Dow will have 3 digit red tomorrow. A good correction is long awaited one. Good luck.  ![]()
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louis001
Master |
22-Mar-2012 22:50
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warrenbegger
Elite |
22-Mar-2012 22:27
![]() Yells: "Anyhow Buy Anyhow Die ^_^" |
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What don't fall still very strong... |
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bishan22
Elite |
22-Mar-2012 20:49
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LONDON: Europe's main stock markets and the euro slid on Thursday following unexpectedly weak eurozone economic data and disappointing Chinese figures, analysts said. London's FTSE 100 benchmark index of leading shares dropped 0.91 percent to 5,838.01 points approaching midday in the British capital. Frankfurt's DAX 30 slumped 1.46 percent to 6,968.40 points and in Paris the CAC 40 shed 1.66 percent to 3,468.73. The euro dropped to $1.3157 from $1.3213 late in New York on Wednesday. |
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iPunter
Supreme |
22-Mar-2012 18:20
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It has nothing to do with the 'colour' of chips (stocks). You are playing the stock market.     Investors (ie.long term traders and holders) and others play the market, all are playing the market.           To play the market properly, you have to understand the market's nature.                   The market is not your friend. It is a risky place - it does not recognise any 'color'... ![]()
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james87
Veteran |
22-Mar-2012 17:57
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Hi iPunter master.    Yup. I agree to what you have said and it makes perfect logical sense.  I'm just too problematic :( If I don't cut the loss I'm left with a problem...If I cut the loss I'm opening another new problem...If I re-invest the money it could or might create another problem. I guess what I can do now is to put my money in more solid companies like bluechips..and exactly this is what I'm doing now.  
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iPunter
Supreme |
22-Mar-2012 17:47
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You should not be opening any more positions before your present open trades are settled...     Believe it or not, as long as you have one counter in open position, you are at risk.         In other words, you are already having a problem at hand. So if you open some               more position/s, you are creating a new problem/s for yourself, in addition to the                 existing problem, ie. adding more risk to yourself. Like you said, you did not cut                             loss and thus have not disposed of the old problem yet...  ![]()
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james87
Veteran |
22-Mar-2012 17:45
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Hi alooloo.  Yup, I have definitely thought of it before but have yet to execute...lol.  I think I'll keep some of the counters that have plunge together with STI when it was at 3400. I believe these counters could still climb when STI returns to its glorious days.. There are also some counters that I doubt would return to the price that I have bought. It is really difficult for me to cash out before I could profit from some other counters and break even the loss. I guess this is my amateur thinking : )    
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alooloo
Veteran |
22-Mar-2012 17:34
![]() Yells: "I am not young enough to know everything. " |
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errr... i think cut loss is you know you loss, and start to cash out and try to make a better judgement next round if you still wait for break even by holding... that is the opposite of cut loss...  sometimes, it is not worth holding unless the one you hold is a company with very good fundamental..... imagine if down 50%, the stock need to gain 100% to get you back to break even... what is the odd for the stock to gain 100%... if odd is good, then you can continue to hold...
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gavinl
Elite |
22-Mar-2012 17:29
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I like you, because you are so humble. Heaven will rewards those who are humble. All the best to you bro.
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james87
Veteran |
22-Mar-2012 17:13
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Yup...yummygd master. I learnt from the hard way though : ( . Some of the counters that I'm still holding now have not break even   yet and that was the time where I did not understand the meaning of cut loss. I'm trying to build up some profit to cover these losses and sell them off once I could break even. 
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james87
Veteran |
22-Mar-2012 17:10
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Haha....how can I run before even learning how to walk. I not even good at going long ..how can I do shorts. Shorts are for the higher level master traders...
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