Latest Forum Topics / Straits Times Index |
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STI to cross 3000 boosted by long-term investors
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lowchia
Veteran |
04-Jun-2011 16:18
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STI index has re-test the critical resistance at 3180 but failed to breakout as investors took profit from this level. 1)  In weekly chart, a black candle stick with long upper shadow similar to “shooting star” indicates investors remains uncertain on the economy ahead and choose to take profit ahead. 2)  The weekly trading volume falls greatly in this week due to holiday session. 3)  MACD and RSI indicators are flat as RSI trend sideways. 4) STI is currently supported by the major support at 3120. 5) The critical resistance at 3180 seems to be gaining strength as index has been rebound from this resistance for the past 2 months. Important resistance of STI: 3146 (Daily charts) Immediate Support of STI: 3120 (Daily charts) MY tactics: If we look at.......... READ MORE |
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Hulumas
Supreme |
04-Jun-2011 15:03
![]() Yells: "INVEST but not TRADE please!" |
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Let us exaggerate the scenario to visualize better the situation: 1 lot transaction (the lowest possible trading volume), and > 20,000 lots (the highest possible trading volume) both transacted in one day. Just think deeply, which one is prone to have more in vulume as well as value term to any sort of manipulation? What is your further comment please!
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dealer0168
Elite |
04-Jun-2011 13:36
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Euro Rises Most Since January as Officials Increase Greece Financial Aid | ||||
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tanglinboy
Elite |
04-Jun-2011 10:57
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That doesn't make sense. Low volume means that any stock can be prone to manipulation!
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ckhpaul
Member |
04-Jun-2011 09:54
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For those interested to know the TA for STI, I have uploaded it to my blog: ckhpaul.blogspot.com 1. In general, STI is caught in Side trending of 3180 and 3100. From my TA, a clear downslope Trendline is forming at resistance. (see for yourself at my blog). 2. In my blog, I did mention about Wave 3-4 formation which is the Corrective Wave in theory. If resistance is broken, i clear upward pressure will buildup. 3. One thing which might kills this wave - is the End of QE2. From historical chart QE1, the last ending is an correction of 15% downward. In theory, the wave support line is important to justfy this downward event. Read my blog: ckhpaul.blogspot.com  Continuous to read other TA blogger for different viewer. |
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Hulumas
Supreme |
03-Jun-2011 12:38
![]() Yells: "INVEST but not TRADE please!" |
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No problem, just keep buying!
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cathylmg
Elite |
03-Jun-2011 12:31
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Suppose to be triple top not looks like its going to triple bottom. I no eye see liao go for lunch! | ||||
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Hulumas
Supreme |
03-Jun-2011 10:08
![]() Yells: "INVEST but not TRADE please!" |
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Downgrade STI so Upgrade S-chip index you mean?
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Hulumas
Supreme |
03-Jun-2011 10:06
![]() Yells: "INVEST but not TRADE please!" |
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The lower is better, it chases away all speculators!
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yummygd
Supreme |
03-Jun-2011 09:53
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wait if QE 3 happens den market will chiong no?
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SGG_SGG
Master |
03-Jun-2011 09:45
![]() Yells: "karma karma karma chameleon" |
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Today set menu got beef steak?  ![]() |
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risktaker
Supreme |
03-Jun-2011 08:29
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After recent US data we decided to downgrade STI year end target from 3400-3500. to 3200-3320 range. short term 1-2months will be very volatile. we expect market to trading within 2800-3000 range. If US did QE3 we will turn bearish with year end target. i will post detail analysis if u guys require. right now we will wait for tonights job report if its bad we will open short position on monday. | ||||
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MasterNg9999
Senior |
02-Jun-2011 21:04
![]() Yells: "Isnt Human center of the universe???" |
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Most major players in the world are shitting bricks........ USA powerhouse still reeling from the credit crunch of 2008 ....now Mr Obama behaving like Mr Nixon..... most of them are lowering their risks.. Europeans are still a plate of sand all struggling for power or leadership depending on how you look at it......Banks are double crossing the governments and most likely to go into defensive.......now with the latest blame game on the mysterious bacteria, trades are gona get hit badly SWF from middle east are suffering from post USA trauma...... now focusing their attention to clamp down on protestors than to make more money , power > money > rights....... China is the only reason STI is still above 3000 , as long as HSE and Shanghai Exchange does not lower their operation cost and regulation, credit will not likely to move to the mainland.However grade B china companies is not grade B western companies.....with E& Y around,rating for these grade B china companies not attractive.... Expectation will be negative for the year with the latest supply crunch.....but ACFTA should keep STI floating as long Singapore hold the upper hand in the dealings ACFTA= Nuclear Bomb of Singapore   Cheer |
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tanglinboy
Elite |
02-Jun-2011 19:29
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Gawd... volume is so low | ||||
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Hulumas
Supreme |
02-Jun-2011 16:18
![]() Yells: "INVEST but not TRADE please!" |
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OIC!
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SGG_SGG
Master |
02-Jun-2011 16:14
![]() Yells: "karma karma karma chameleon" |
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Coz Gandalph has gone away and the Hobbits have come out to play!   ![]()
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Hulumas
Supreme |
02-Jun-2011 16:10
![]() Yells: "INVEST but not TRADE please!" |
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Almost every one keep talking DROP DROP DROP and not UP UP UP and SHORT SHORT SHORT and not LONG LONG LONG. . . . . . . . WHY?  WHY?   WHY?
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rotijai
Supreme |
02-Jun-2011 15:52
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u let jardine drop another $5.. then STI will drop to 50-60 pts.. most of the STI stocks are oversold..
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niuyear
Supreme |
02-Jun-2011 14:45
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Sell for the sake of Selling? |
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risktaker
Supreme |
02-Jun-2011 13:44
![]() Yells: "Sometimes you think you know, but in fact you dont" |
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everywhere in the world drop more than 1%. US drop 2.2% what makes singapore special ? confirm will drop more later in the day. some blue chip are holding because BB still holding expensive stocks or some are catching shorters. Delaying doesnt mean we wont dropped. | ||||
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