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STI to cross 3000 boosted by long-term investors
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iPunter
Supreme |
05-Jun-2010 21:26
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hahaha... Hindsight does have a way of making people jump in ecstactic joy about their 'prediction'...  |
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chris168
Senior |
05-Jun-2010 21:22
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Alex, again thanks for answering. Haha, pretty exciting time ... Monday would be interesting ... At time like this, I thrive on volatility. I hope this is a good one ... hehehe so that on hindsight I can be more than please with myself. |
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lowchia
Veteran |
05-Jun-2010 18:07
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On Friday, DOW fell 323 points (3.2%) to 9,931.97 as the May nonfarm
payrolls report showed only a frail increase for the private sector
jobs, quashing hope that a strong U.S. economy could help to counter
the impact of the negative sentiment from Europe.
Another bad news came from the leading official in Hungary that said they also faces a Greek-like sovereign-debt problem in spite of Hungary is not part of the euro zone, this announcement is fueling the perception of a broadening European banking crisis Technical Analysis on STI The situation for STI has begun to turn bullish as STI managed to gain for 3 consecutive days in this week. Although these candles were not big enough to create three white soldiers, the steady upward pattern is bullish Important points to note 1) In weekly charts, a white candlestick similar to “shooting star” at the critical resistance of 2820 has shown that STI display signs of weakness and will have a ridge task to break through this resistance in short term. 2) The trading volume has decreased for third consecutive weeks due to investors keeping at sideline. 3) MACD indicators are starting to turn bullish with “up ticks” and RSI breaking out of its “Falling Wedge” in daily charts 4) Currently STI is 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 beak the ascending triangle in the weekly charts since the support is still intact at 2685 CLICK HERE TO READ MORE Sorry to make ppl click to read the whole report since there are too many wordings and i do not want to spam the whole page. But anyway in short, the market reversal may happen next week. |
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iPunter
Supreme |
05-Jun-2010 12:31
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AlexChia and I always use words like "may", probably, or "can"... We are not the predicting type... We are only defensive, safe and practical... |
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alexchia01
Elite |
05-Jun-2010 12:26
Yells: "Catch The Stars And Ride With Them" |
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Haha... I don't dare predict the market. I only say "may" because I also don't know what will happen next in the market. Whether it's going up or down, I always ready. Follow the Scout Motto. Be Prepared!
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WLBO_BB
Master |
05-Jun-2010 12:25
Yells: "Warren Look Before Others _ Buffett Best " |
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haha quite agreed...last time i tin i might lost few thousand in casino easily than stock but till now then i realise that i have lost coming to 50k in stock.... should have go casino in the first place...
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alexchia01
Elite |
05-Jun-2010 12:19
Yells: "Catch The Stars And Ride With Them" |
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Hi soloman, Actually, except of Europe, US and Asia markets were showing a sign of reversal to the Upside. The last minute rumors on Hungary and disappointing US job data are the main reasons that cause DOW down by 300 points. People like me, who brought shares last week was looking at the possibility of a Bull Rally soon. I'm a mid-term traders, so I expect volatility in the short-term and ready to take actions when necessarily. In the short-term, I'm Bearish. In the mid-term, I still Bullish. Anyway, I'm only have 25% capital in the market. I'll see how things turns out in the next few weeks.
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iPunter
Supreme |
05-Jun-2010 12:14
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Sidelining here is good... But if you can't stand sidelining anymore, it would be good to go and bet at Sentosa... That would be much more pleasurable (ambience, etc) than betting in the stock market... Just a friendly tip ... |
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WLBO_BB
Master |
05-Jun-2010 12:12
Yells: "Warren Look Before Others _ Buffett Best " |
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recently wat risktaker have predicted have turn out to be the opposite thus i'm abit worry when he give such comment...though he is one of my idol here...
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WLBO_BB
Master |
05-Jun-2010 12:07
Yells: "Warren Look Before Others _ Buffett Best " |
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x 0 Alert Admin |
i have sideline since...kana played by this market (BB)....no direction one, suddenly everything seem settle, suddenly something come out again... | ||||
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iPunter
Supreme |
05-Jun-2010 12:06
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I always marvel and salute (tapet) those who can so confidently predict what the market will do the next day, and the day after... I truly respect them so much... Because I myself wouldn't dare venture to predict anything... I leave predicting to the ancient "Oracle of Delphi"... |
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alexchia01
Elite |
05-Jun-2010 11:58
Yells: "Catch The Stars And Ride With Them" |
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Yes. I do agree with you that DOW may rise on Monday night and follow by STI on Tueday. I just want to remind people that we should trade on strategy and not on emotion. Whether this Monday is a good day to Buy or Not? Depends on your strategy. If your strategy is "Buy on Dips, Sell on Rally", then... Yes. Monday is a Good Day to Buy. However, my strategy is "Buy on Bull, Sell on Bear", so I'll wait to confirm for a Bull Run in Sight before start Buying. The DOW fall on Friday, over 300 points, gives me the feeling that the Bull Rally could be delay. The Bear will most likely stay a bit longer. Cut Loss at 10% is an important part of any trading strategy, so I just want all traders to be ready. In the short-term, I'm Bearish. In the mid-term, I'm still Bullish.
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dealer0168
Elite |
05-Jun-2010 11:33
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In actual Market is not our enemy. We ourself are the main enemy to look out for. Bc its us that do the selling & buying. Gain or not gain, depends on our own strategy of play. Just remember do not get panic so easily. Move with a calm mind will make once thinks well. Cheers. |
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dealer0168
Elite |
05-Jun-2010 11:25
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Now seems to be a big fight between the Bear & Bull. One shall stand & one shall fall................ Yo........let monitor n see......................... |
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shadowmoon
Veteran |
05-Jun-2010 11:17
Yells: "Henshin" |
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Quite truth, it seems to be the behaviour of Dow stock. I also feel that Dow will return positive on Monday.
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Jackpot2010
Master |
05-Jun-2010 11:17
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CNBC says that Pres Obama is the culprit for Fri DOW sell down. On Wed he gave a speech somewhere and hinted that Fri job nos will be v strong. So traders bought into it n DOW rocket 225pt on Wed. But Fri job rpt showed otherwise, only +41k pte sectors jobs, so everyone sell out - DOW fell 323pt. Those who bought something on Friday should keep calm and not sell out at massive losses. Most counters will hv very low bid or even no bid q on Monday morning....... | ||||
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soloman
Master |
05-Jun-2010 11:14
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DOW GOES DOWN FURTEHR .......... BUT STI STILL STEADY ............ MANY HERE BELEIVE OUR ECONOMY STRONG , SO STI CAN STILL BE STEADY WHEN THE WORLD'S BOURSES GO DOWN ....
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soloman
Master |
05-Jun-2010 11:07
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THESE FEW DAYS STI WENT UP EVEN WHEN THE WORLD'S BOURSES WENT DOWN ....... THOSE WHO BOUGHT SHARES IN STI CARE TO SHARE WHY U BUY THEM ???????
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leoleo
Senior |
05-Jun-2010 10:38
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I think monday is not selling day but grab more singapore sales as monday night US 99.9% will up and tuesday STI will chiong again if tuesday night US drop jialat then wednesday singapore sales again otherwise STI will gain modestly.Just my 2 cents view.
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risktaker
Supreme |
05-Jun-2010 10:37
Yells: "Sometimes you think you know, but in fact you dont" |
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1) Hungary is another European country to watch out for default. They have causes a nervous market sell off yesterday. - So more Funds will withdraw from euro and go asia :P 3) North/South Korea War - Will not happen - South Korea cannot afford a war with north. North has nothing to lose South has too much to lose and they cannot stop North using Nuclear attack. Korea cannot afford to go war.
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