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STI to cross 3000 boosted by long-term investors
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iPunter
Supreme |
12-Jun-2010 20:10
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Those who use the stock charts on SGX's website to do their technical analysis should take note that the price data displayed on the charts for Friday are misleading. ie. it can cause trading losses of money if your trading decision are based on those charts. On my screen, I can only see Friday's closing prices for stocks, but no high and low (like all the other days). Thus, those who use the misleading charts to do their trading will risk making sad losses. Hope this is noted, especially the many people who prefer these charts for reasons of convenience.  |
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lowchia
Veteran |
12-Jun-2010 16:51
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Technical Analysis on STI For this week, STI has drifting directionless in low volume with most of the time non-board based rally which prompts investors to sell on available opportunities. Important points to note 1) In weekly charts, a solid white candlestick near to the critical resistance of 2820 shows sign of stability in STI 2) The trading volume has decreased for fourth consecutives weeks as football world cup opens. Low volumes may indicate lack of interest or lack of consensuses for the current price from investors. 3) MACD and RSI indicators shown sign of bullish with both indicators going higher up in daily charts 4) STI is still supported at the 50 weeks MA and the important technical support at 2648 which it has tested on 25/May. In addition, do look out if STI can break the major resistance at 2820. 5) Technically STI did not break the ascending triangle in the weekly charts since the support is still intact at 2685 Important resistance of STI: 2820 (Daily charts) Immediate Support of STI: 2780 (Daily charts) MY tactics: The market has been stabilized throughout this week. Therefore we would encourage investors to buy on dips with target around STI 2740 in the coming weeks. STI expected to break out of the 2820 resistance as we approaches the earning session in Sept. READ MORE |
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smartrader
Elite |
12-Jun-2010 11:02
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http://www.bloomberg.com/apps/news?pid=20601087&sid=a5WljCimL8SM&pos=1 | ||||
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boyikao3
Master |
12-Jun-2010 10:44
Yells: "Money or reputation ?" |
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This is quite true. Markets generally start to move down with hope, not fear. There is too much worry now to justify a any serious bear...
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iPunter
Supreme |
12-Jun-2010 08:40
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Not to worry... With so much sinister and ominous goings-on on the world scene (calamaties, bad news), the market will most probably rise. It will rise and rise until such time that encouraging good news keep coming in (eg good economic growth)... That is when the bear trend will resume (Act 1 scene II?).. Your chance to sell will surely come, as certain as the sun rises... |
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scotty
Senior |
12-Jun-2010 07:46
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crap. I am still waiting to sell on strength and cut my losses.......
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E-war
Veteran |
12-Jun-2010 02:55
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Wah, so zun. | ||||
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purelotus
Senior |
12-Jun-2010 01:40
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I have tracked yr posting as far as 2007. Your record is very impressive!!!
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alooloo
Veteran |
11-Jun-2010 17:19
Yells: "I am not young enough to know everything. " |
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Last night no world cup....
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scotty
Senior |
11-Jun-2010 17:04
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Last night Dow cheong 270 points. How come today only up so little?!! | ||||
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baberic
Senior |
11-Jun-2010 16:27
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Imagine, many counters are lower now than it was in the 2008 crash. Thus it means, generally the market has slided down until now, but you don't really see it. It is gradual with noises in between. If you are a long termer, you would have lost plenty of money (with some exceptions for market experts) provided you have done averaging and sold when there was a rebounce. Additionally, if the market is not going to be a dead one (nothing is for sure), then we can consider it to be very cheap. But many who bought along the way since 2008 without taking profits during rebound also have lost money. We are hoping the return of a flourishing stock market barring that manipulators are not going to rip the market when stringer rules are capably made against or able to prevent them from doing so. Notewithstanding, there are always black sheep of society and poor administrators of the markets who may provide an escape route for wrongful deeds. |
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baberic
Senior |
11-Jun-2010 16:10
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The market is like in the crash of 2008, except that prices are cheaper than during that time. | ||||
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noobnoob
Senior |
11-Jun-2010 15:50
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seems like still have many bear bear ard... like dat how to play sia..... up 2-3 cts... dwn 2-3 cts... onli brokerage hse earn... retailers get trapped or breakeven onli... |
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cyjjerry85
Elite |
11-Jun-2010 15:49
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the volume ultra low today on the opening day of World Cup...boring isn't it | ||||
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ozone2002
Supreme |
11-Jun-2010 15:37
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just like u i went in during the trough that STI made and made 4x my capital as a result.. but do u know that bigger and much faster gains can be achieved during crashes..especially the one in 2008
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niuyear
Supreme |
11-Jun-2010 15:31
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Tks for your 4-D tips. I run out of idea. last year, a long lost friend called me, i bot his hp number, made a little fortune out of it.
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ktnpl2005
Member |
11-Jun-2010 15:25
Yells: "Be Happy!" |
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At close to 2800, this is not a good entry point. Best to wait for 2600. | ||||
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alooloo
Veteran |
11-Jun-2010 14:49
Yells: "I am not young enough to know everything. " |
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i really lost..... bang head already... now suddenly see lights... am i in heaven now? |
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baberic
Senior |
11-Jun-2010 14:47
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The market will catch the shortists by surprise. Now you see it and now you don't. The title of this thread lives (will live) up to its name. Haha. :) | ||||
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noobnoob
Senior |
11-Jun-2010 13:58
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Going to 2nd half lo.... gogooggogo...... storm the front... lol |
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