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STI to cross 3000 boosted by long-term investors
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risktaker
Supreme |
19-Nov-2011 11:02
Yells: "Sometimes you think you know, but in fact you dont" |
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x 0
x 0 Alert Admin |
We most likely to have a technical rebound first.
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lowchia
Veteran |
19-Nov-2011 10:35
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x 0
x 0 Alert Admin |
In last week, STI lost 61 points from the opening of 2791 and close lower at 2730. A black candle sticks with little upper shadow indicates that investors have no hesitant in selling the stocks lower. Key Economics Data report: On Friday, a high-profile meeting to trim stubborn U.S. budget deficits appeared near collapse as Democrats rejected a scaled-back proposal from Republicans that contained few tax increases. However unlike budget standoffs in April and August, failure would not lead to a government shutdown or a sovereign debt default. Technical Analysis on STI STI index has broke the minor support at 2778 in this week as investors sell on news of further Europe debts woes. 1) In weekly chart, a black candle sticks with little upper shadow affirms that investors are cautious and prefer to take profit off the table. 2) The weekly trading volume falls as STI trend slightly downwards due to profit taking. 3) MACD and RSI indicators are bearish as RSI trend downwards. 4) STI is currently supported by the critical support at 2679 5) The support at 2679 is expected to be strong and likely to trigger bulls to fight back near that level. Important resistance of STI: 2778 (Daily charts) Immediate Support of STI: 2679 (Daily charts) MY tactics: STI has been falling ........................ READ MORE |
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iPunter
Supreme |
19-Nov-2011 09:12
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x 0
x 0 Alert Admin |
Sifui is right... Last night, all the markets did close red-red... But not very pengsan, just red-red only. Closing red-red or green-green doe not really matter... What is more important is the major market trends... 
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louis001
Master |
19-Nov-2011 08:54
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x 0
x 0 Alert Admin |
So, he said :" NO" ...for the time being... will a " NO" change to a " YES" sometimes later? what say you ? Y or N ? FRANKFURT—The European Central Bank and Germany firmly rejected calls from euro-zone politicians to bail out Italy and other struggling euro members by intervening massively in bond markets, insisting that the central bank's credibility rests on its political independence and focus on fighting inflation. ECB President Mario Draghi, in his first speech since taking the position this month, put the onus on euro-zone national governments to solve the crisis of confidence in the region's public debt, criticizing politicians for failing to quickly carry out their own anti-crisis measures. " Where is the implementation of these long-standing decisions? We should not be waiting any longer," Mr. Draghi said in a speech to bankers and policy makers in Frankfurt. For days, many world politicians, investors and economists have clamored for the ECB to embrace a role of lender of last resort, saying it has the means to prevent the euro zone's financial system from collapsing. But the Italian central banker's remarks confirmed that the ECB isn't about to drop its aversion to large-scale government-bond purchases.... |
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rotijai
Supreme |
19-Nov-2011 00:20
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x 0
x 0 Alert Admin |
master xing tat spike in volume is due to today being the expiry dates of options.. :) anyway, can u share why do u think it's a macro bull flag?
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lausk22
Veteran |
18-Nov-2011 23:59
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x 0
x 0 Alert Admin |
Whether the dow will bath in blood or not tonight, is just a Punter's intuition. He maybe right. He maybe wrong. But definitely, the general market outlook or sentiment is depressing at the moment and for sometime to come! That's obvious!
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xing78
Elite |
18-Nov-2011 23:58
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x 0
x 0 Alert Admin |
Thanks for sharing the link. Actually I don't see it that way. If we are at the pivot top, I would have agree with you. What I see is that we have made a re-tracement (downward move) for the last 3 trading days and I view this as healthy activity after the massive rally from Oct 4th to Oct 27th. In any case, this is another short term bounce as I do feel the May 2nd high is extremely hard to breach going into 2012. As I am typing this, DOW is making a good attempt to take out the 50MA on the 10 mins time-frame. :p
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iPunter
Supreme |
18-Nov-2011 23:57
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x 0
x 0 Alert Admin |
Possibly there will be juicy peaks for the riding on Monday... |
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xing78
Elite |
18-Nov-2011 23:49
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x 0
x 0 Alert Admin |
Below is a live chart of the DOW. From what I see, it is forming a macro bull flag. There will be resistance at 11950 and 200MA if the current consolidation breaks above 50MA. :p 
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iPunter
Supreme |
18-Nov-2011 23:49
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x 0
x 0 Alert Admin |
Look at this page (world markets), which shows overwhelmingly red all over (at this moment) ... Click
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xing78
Elite |
18-Nov-2011 23:45
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x 0
x 0 Alert Admin |
Would you be kind to explain your thoughts on why we are in for a blood-bath tonight? Thanks.
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iPunter
Supreme |
18-Nov-2011 23:28
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x 0
x 0 Alert Admin |
Those who have longed will want to cheer the Dow to rise... Those who have shorted winn want to cheer the Dow to slump... But by the look of things, Europe and the Dow looks like to be another bloodbath tonight... |
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JUNWEI9756
Supreme |
18-Nov-2011 23:27
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x 0
x 0 Alert Admin |
Good luck too :P
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xing78
Elite |
18-Nov-2011 23:22
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x 0
x 0 Alert Admin |
Hey Bro, Hope it can get above the 50MA (10 mins time-frame) in the next couple of hours. There's a fair chance to re-capture 12,000 on the DOW at closing. Good Luck :p |
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JUNWEI9756
Supreme |
18-Nov-2011 23:17
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x 0
x 0 Alert Admin |
I have longed too :P DOW will be extremely green tonight :P Just my opinion.
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louis001
Master |
18-Nov-2011 23:16
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x 0
x 0 Alert Admin |
NEW YORK (Reuters) - Wall Street stocks rose in early trading on Friday after Europe's debt crisis drove heavy market losses this week, with the S& P 500 falling through important technical levels and facing another key test of strength. Selling on Thursday afternoon pushed the S& P 500 through a support level at around 1,230. The next key test will be whether the index can hold its 50-day moving average just above 1,200, possibly setting the stage for a bounce if it does. Growing concerns about Europe's debt crisis have set U.S. stocks up for their worst week in two months. Euro zone and International Monetary Fund officials have discussed the idea of the European Central Bank lending to the IMF so it has sufficient resources to bail out even the biggest euro zone sovereigns, Reuters reported Thursday. " It's light volume, so it's hard for us to put credence in a bounce off of yesterday's lows," said Sal Arnuk, co-manager of trading at Themis Trading in Chatham, New Jersey. " We are trading off European headlines, what's going to happen with the EU and reaction to Spanish bonds rebounding." .....// |
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xing78
Elite |
18-Nov-2011 23:05
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x 0
x 0 Alert Admin |
STI Chart below indicates why I choose to go Long when many others choose to go Short. Anyway, I may be wrong and yes I am betting (with some calculated risks). My Target is marked with a " X" . We shall see if I am lucky on Monday. :p  |
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marubozu1688
Veteran |
18-Nov-2011 21:23
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x 0
x 0 Alert Admin |
Whether STI to continue to sell down or rebound from this level, it is very much depends on how US closes today. US indices also at the critical supports. http://mystocksinvesting.com/singapore-stocks/straits-time-index/sti-week-ahead-watch-out-for-continous-sell-down/ |
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iPunter
Supreme |
18-Nov-2011 21:21
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x 0
x 0 Alert Admin |
I don't mean to pour cold water... but a chart does not say to go long or short, or indicate any trend. But one can bet based on the chart, or a familiar chart pattern. The outcome is always uncertain and no one can say whether an expected move can be quantified with any percentage of probability, etc. In a runaway situation prices can drop or rise for many straight consecutive days, etc...
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xing78
Elite |
18-Nov-2011 21:10
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x 0
x 0 Alert Admin |
maybe you are right, November still has 2 weeks to go. but i am 80% confident we will have a bounce tonight when dow open. i like to go with my chart, and it says go long.
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