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STI to cross 3000 boosted by long-term investors
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DnApeh
Master |
10-Sep-2009 13:54
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If want to buy, buy now. SSE running. | ||||
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DnApeh
Master |
10-Sep-2009 13:41
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2745 still the figure to watch | ||||
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battouchai
Member |
10-Sep-2009 12:42
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Hi Richtan I m still learning. Hope u can give me ur view. When u say oredi broke 2700, you do not consider teh closing level of the day? If STI closed end of day at 2690, is that consider broken teh 2700 level even if intraday high is above 2700? Thanks
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des_khor
Supreme |
10-Sep-2009 12:39
Yells: "Tell me who is the God or MFT from this forum??" |
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Just 300 pts towards 3000 is just a easy job for BB to push up!!
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richtan
Supreme |
10-Sep-2009 12:35
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Aredi broke above the double top formation n above 2700, will probably head towards the fibo retracement level of 61.8% at around 2965, but of course not in one straight line, with corrections in between. Dyodd n BOSAYOR
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DnApeh
Master |
10-Sep-2009 12:31
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thanks to Genting, today's volumes should be good. | ||||
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des_khor
Supreme |
10-Sep-2009 12:27
Yells: "Tell me who is the God or MFT from this forum??" |
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STI: 2,700.15 +49.67 Break 2700... 3000 coming! |
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ozone2002
Supreme |
10-Sep-2009 11:58
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STI now reaching double top formation.. downhill from here or do we move further upwards? odds are greater for the downside as upside is limited.. DYODD.. |
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niuyear
Supreme |
10-Sep-2009 09:05
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"After selling, prices go higher" - I suppose they are playing sentiment game and wanna us to keep buying higher and keep selling higher. Now quite scared to 'buy again and hold' unless very sure that particular stock's price is still undervalued.
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Livermore
Master |
10-Sep-2009 07:46
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Looking at the Dow chart, it is steadily climbing higher after making higher low last week.Market trend is still up | ||||
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etanhan
Member |
09-Sep-2009 22:57
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this post is very interesting, the chart looks moreless same for STI as well. http://danericselliottwaves.blogspot.com/2009/09/topping-process.html#disqus_thread |
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cheerfully
Member |
09-Sep-2009 22:44
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Hmm.. seems a lot of us are in the same situation as star-trader. After selling, the price go higher. Didn't sell than and it goes lower. But I always remind myself what Cheong Wee said. We didn't lost any money.. we only make less profit.. so be happy that there is profit | ||||
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star-trader
Senior |
09-Sep-2009 20:39
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Cheongwee, I agreed very much with you on this. Usually that was the case which happened to me,but got profit better than nothing at all. One of it for my case was China Milk. Sold for profit at 0.535, it shoot up to 0.59 n even touched 0.61 before pulling back again.. Yes, dun brag about the stocks price increase so much after selling but like what you said, wish all the best to the next player who will be holding the shares that we sold to them. Moved on to another counter, hit it , nail it.. rgds, star-trader
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DnApeh
Master |
09-Sep-2009 20:24
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US$ falling........... | ||||
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cheongwee
Elite |
09-Sep-2009 19:39
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To buy at the bottom and to sell at the top...is every one wish, but is that possible... i sold tiong woon 80...it go up to 85c...and several counter during this rally...so long u hit your px, you are happy to sell and take your profit...got profit is better than none... so dont quarrel with yourself over counter that run up after you sell...what if it come down..u never know...and also dont be selfish, u sold to the next guy,,,wish him well., hope the music continue and he got profit also...he is taking over the risk fr u...if the counter is doing badly after u sold, that means generally the markt is bad....so what so good to see the counter down after u sodl out.. the most important thing is that you make sure u put that money to work immediately for you at another counter that u thk got potential to be a multi bagger... it is stupid to blame yourself....the most stupid thing a guy can do is to blame himself.... i always blame other....am i any smarter???...jmo |
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Livermore
Master |
09-Sep-2009 19:22
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Early part of the year I was mentioning that some are likely to make the mistake of trading too much and then when they sell, they forget to buy back. Sometimes they sell and the stock goes back up and if you don't chase you will surely lose sight of it. I am sure quite a few can relate to this. Then there would be some who would say "Oh many stocks have run up already." So they won't buy and just monitor. Four years later, you find these are the ones who probably would not have bought anything | ||||
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erictkw
Veteran |
09-Sep-2009 18:01
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SINGAPORE MARKET by AmFraser 9 Sep 09 STI moves to higher end of broad 2521-2701 band as players shrug of pending correction from repeat of past 2 years’ August to October surprises August has come and gone with no nasty shock like in Aug 2007 when sub-prime first surfaced. September is equally famous for market bombshells, the latest being the first anniversary of Lehman’s 2008 collapse. And October is coming. Since the Oct 1987 worldwide crash, August to October had seen many surprises from the Black Monday kind of scare in Aug 1989, Iraqi invasion of Kuwait in Aug 1990, the Russian coup in the same month the following year and worsening of the 1997-98 Asian crisis. The new millennium saw 9-11 in 2001 and even before that in 2000 and after in 2002, the market was weak during Aug-Oct. However from 2003 to 2006 the market was spared but even then there was an 8.6% pullback during that period in 2005. Sept-Oct 2007 saw a huge 25% rally to record 3831 from August low of 3065, but Sept-Oct last year saw a record 46% crash from 2740 to 1474. With record rally and record crash taking place in Oct 2007 and 2008 will Oct 2009 see a new high for the year on STI around 2750 before a long-overdue correction take place? Prospects of a test of 2750 area first before correction must be the driver behind the market’s resilience. This is reflected in the STI’s 100-point rally from 2560 on Sept 2 to a high of 2663 yesterday above the 2643 mid-point resistance (between record 3831 high and 1455 March low) and poised to test year’s Aug 4 high of 2701. Talks and hopes of pending correction have been silenced by the rotational plays from big caps to a wide array of small and mid cap stocks not on mere speculation but based on their underlying fundamentals as proven by greater M&A activities. Big caps’ prospects remain exciting as many led by banks are still trading about 10% or more below their recent highs. Further sign of underlying market strength is the absence of flight to defensive high yield stocks which normally comes when players sense a market top coming. But such counters as telcos, SMRT, STE, Comfort-Delgro and SingPost with their attractive yields have seen unsustainable rallies as players abandon them in favour of more exciting small to mid cap plays beside blue chips. Technicals also look good for a test of 2700 and 2750 with the Bollinger bands behaving like in did in early July paving for the run-up from 2235 to 2701 a month later. There is also no bearish divergence in the RSI while the daily MACD has just cut its signal line. The rising trend channel from March low also remains intact. And of course the short medium and long term MAs are all rising pointing to 2700-2750 soon. But after 2750, will the index go further to next target around 2900 by year-end and into 2010 with minor pullbacks along the way? So when will the 10-15% correction take place or will it ever take place? The answer should be found by October especially if 2750 is seen. |
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boyikao3
Master |
09-Sep-2009 16:55
Yells: "Money or reputation ?" |
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Forgot to add, HSI marching towards 2200 by end this week or early next week!
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boyikao3
Master |
09-Sep-2009 16:26
Yells: "Money or reputation ?" |
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Buy buy buy! STI following Hangseng - now in a 3rd wave setup setup and going to be fast and furious! Last train to catch!
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iPunter
Supreme |
09-Sep-2009 14:28
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ee ya ee ya o... 
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