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STI to cross 3000 boosted by long-term investors
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lowchia
Veteran |
29-Oct-2011 14:20
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In last week, STI gain a solid 194 points from the opening of 2712 and close lower at 2906. A white candle sticks with no upper/lower shadow indicates that investors are bullish and no qualms on buying the stocks higher. Key Economics Data report: In the past week, investors turned bullish as European leaders has showed progress on their bailout fund and resolve the Greek debt restructuring. They were expected to take the plan to the G-20 leaders meeting in Cannes on Thursday and Friday Investors are beginning to turn their attention from Europe’s tortuous sovereign debt drama and back to US economy. There are speculation that the Fed could start up a new quantitative easing program — QE3. This program mainly focus on the purchases of the mortgage market. Technical Analysis on STI STI index has broke the critical resistance at 2820 in this week with high buying pressure to affirms on the bullishness of the market. 1) In weekly chart, a white candle sticks with no upper/lower shadow affirms that investors are bullish on the global economy as the crisis at Europe began to resolve. 2) The weekly trading volume rise sharply despite 4 trading day in this week as many investors buy on possible rebound. 3) MACD and RSI indicators are bullish as MACD lines about to perform a golden cross. 4) STI is currently resisted by the major resistance at 2936 5) The resistance at 2936 is expected to be very strong and investors are likely to take profit especially with the market at overbought level. Important resistance of STI: 2936 (Daily charts) Immediate Support of STI: 2820 (Daily charts) MY tactics: We are thrilled that STI broke the ........................ READ MORE |
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rotijai
Supreme |
29-Oct-2011 13:20
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we shouldnt try to predict when's the next fall.. just wait patiently for it to develop
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xing78
Elite |
29-Oct-2011 13:01
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have to be patient, selling should occur on Tuesday or Wednesday.
early shortist to cover before real selling begins.
LOL
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alexchia01
Elite |
29-Oct-2011 12:34
Yells: "Catch The Stars And Ride With Them" |
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My STI analysis on 28 Oct 2011 Support: 2685 Resistance: 2910 More on my Blog at Alex Trades. Good luck. |
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iPunter
Supreme |
29-Oct-2011 10:33
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In stocks, buy or sell are equally risky... All is betting... but exciting...  |
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louis001
Master |
29-Oct-2011 09:50
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The Dow edged up 23 points, or 0.2 percent, to finish at 12,231.11. Stock indexes jumped more than 3 percent Thursday after European leaders unveiled a plan to expand their regional bailout fund and take other steps to contain the debt crisis in Greece. " It's a kind of sobering-up after a day of partying," said Jerry Webman, chief economist with Oppenheimer Funds in New York. " We got back to what's more of a square position, closer to where we want to be, and now we're going to take a couple of deep breaths and reassess what this really means.....''/// , On Friday October 28, 2011, 5:32 pm EDT |
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tanglinboy
Elite |
29-Oct-2011 07:42
Yells: "hello!" |
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x 0
x 0 Alert Admin |
Dow end up more or less flat | ||||
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Isolator
Supreme |
29-Oct-2011 00:34
Yells: "STI is hard landing to below 2000..." |
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x 0
x 1 Alert Admin |
This is just beginning of selling.... tonight Dow 3 digit red closing... lol | ||||
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Hawkeye
Veteran |
28-Oct-2011 22:14
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Dow is only in pink -60 ... -50 ... -30 ... correction after +100 ... +200 ... +300 Market are now returned back to BULL ... UP UP UP |
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Isolator
Supreme |
28-Oct-2011 17:34
Yells: "STI is hard landing to below 2000..." |
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x 0
x 1 Alert Admin |
I hope you have cash out..... Or else you will be burn next Mon... Very sad to be burned with first trade after sidelines for so long.. .... lolol
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rotijai
Supreme |
28-Oct-2011 17:29
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hope u have taken ur profit :)
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Mrox73
Member |
28-Oct-2011 17:17
Yells: "I want to earn some coffee $$" |
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x 0
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No LUCK for shorties...hands all kena burnt red red...heng heng i long...HUAT ah after standing sidelines for so long...lol |
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uncleti88
Member |
28-Oct-2011 17:13
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like your stand... stay on sidelines for the moment, no position=taking a position http://uncleti88.blogspot.com ---- I trade using Commitments of Traders report. Follow the commercials. They buy we buy. They sell we sell. |
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noobnoob
Senior |
28-Oct-2011 17:06
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Hard to tell ba.... should be neutral or correction for awhile first.... We wont knw... the pros got double longs bo.... if got... might chiong another while... Straightaway short.. u might be ahead if realli turns.. but high risk high returns ba... Best is sidelines lol.... happy w wat u hve...
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rotijai
Supreme |
28-Oct-2011 17:06
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x 0
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macau again.. master risktaker really know how to enjoy life :P
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Isolator
Supreme |
28-Oct-2011 17:03
Yells: "STI is hard landing to below 2000..." |
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x 0
x 0 Alert Admin |
A well planned rally without selling will not be completed..... A beautiful mountain will be appearing the next few week...... Have a RED weekend.... lol | ||||
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Isolator
Supreme |
28-Oct-2011 16:59
Yells: "STI is hard landing to below 2000..." |
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x 0
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US---> Europe--> China--> world Many forgotten the biggest time bomb is China..... lol |
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risktaker
Supreme |
28-Oct-2011 16:58
Yells: "Sometimes you think you know, but in fact you dont" |
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x 0
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Next week we won't catch Shorters. As we going Macau trip :) cheers. | ||||
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medivh
Elite |
28-Oct-2011 16:55
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yeah traders hotel not bad.. i tried b4.. Mau too much later also sleepless nights, cannot sleep on full stomach.. lol
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Isolator
Supreme |
28-Oct-2011 16:46
Yells: "STI is hard landing to below 2000..." |
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x 0
x 0 Alert Admin |
STI running out of fuel..... You will see how it crash down next week.... lol |
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