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STI to cross 3000 boosted by long-term investors
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waterfalls
Senior |
15-Jun-2009 13:20
Yells: "Investing is calculated risk, patience n luck" |
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Relax guys, the fund managers are away on summer holidays. but the market will come back end of June 09 becos of half yearly closing books to beef up the prices. now is a good time to accumulate ahead of the rally. | ||||
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timewatch
Senior |
15-Jun-2009 13:16
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HOW LONG WILL THIS CORRECTION TIME GO ON????? DAYS WEEKS OR MONTHS. NOW WHAT'S THE SITUATION???? THANKS | ||||
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Lazyhorse
Senior |
15-Jun-2009 12:53
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Sell lah.... Then don't buy any more for the time being... Please don't ignore the signs that economy is not doing as well as predicted....G8 ministers also cannot clearly confirm from their crystal balls that recovery is on track.... | ||||
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iPunter
Supreme |
15-Jun-2009 11:44
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Many (including some big boys) who bought high will be forced to sell instead of holding their big recent losses... |
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iPunter
Supreme |
15-Jun-2009 11:42
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Many (including some big boys) who bought high will be forced to sell instead of holding their big recent losses...
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iPunter
Supreme |
15-Jun-2009 11:30
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Correction time is not just one or two days... can possibly be weeks or even months... 
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aleoleo
Master |
15-Jun-2009 10:59
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another boring day .... just first day starting of new week only ..... ai ya ya ..... no choice la, have to be patient for the fruitful results lo ..... will rebound occur ? |
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iPunter
Supreme |
15-Jun-2009 10:38
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For the time being, the big boys will probably be at the golf course for another few rounds yet... 
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CWQuah
Master |
15-Jun-2009 09:43
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HSI must stay above 18940 today for upside. Failure to stay above could see test of 18474 later in the day. SSE may test 2721; further support failure should see 2655 tested. |
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CWQuah
Master |
15-Jun-2009 09:24
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2363 broke. 2348.97 day low for now. Intraday rebound possible; but on INTERday basis, downtrend formed. | ||||
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CWQuah
Master |
15-Jun-2009 09:09
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STI still trying to hold the 2363 fort. Downside could see 2347 tested later. For the bulls, upside for today may be around 2387. Do note next supports are 2314, 2300. Resistances at 2387, 2400, 2409. |
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aleoleo
Master |
15-Jun-2009 08:51
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• Economics team believes that a V-shape recovery is taking place in Asia as exports and industrial production have rebounded. In terms of equity, past stock market recoveries from the bottom of an economic cycle suggest that returns so far are not excessive, and that the rebound has some ways to go in terms of depth and duration. Short-term consolidation is expected in 3Q before the next leg up. Recovery hopes will need to be supported by more concrete evidence of the turnaround. However, we do not anticipate a deep correction as valuations, although now above historical norms, are not excessive. History has shown that valuations will always run ahead in a rebound, as investors start to anticipate the potential for earnings upgrades. We favour industrials at this stage as we move past the early recovery stage. Asia in V-shape recovery; market may consolidate before the next leg up |
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aleoleo
Master |
15-Jun-2009 08:42
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Regional market should have a cautious start today ... Nikkei is opening -0.5% down at the moment ..... of course still sustain above 10000 level. IF HK open and can sustain above 19000 level, i believe STI should go above 2400 level as well ... this is what we hope to see and what we want also ... haa ... lets see how IF this week really can leg shaking and to go futher or not ... cheers 
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boyikao3
Master |
13-Jun-2009 18:21
Yells: "Money or reputation ?" |
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Yes I agree. 2726 is not a problem at all! Only another 11.8% to go and that will take us comfortably to at least mid July. Another month of shaking leg to go....
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smartrader
Elite |
12-Jun-2009 22:56
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this correction is the opportunity to buy for holding till next quarter financial report in jul. STI will test new high....Most should report better results (more profits or less losses) since all major losses were reported. | ||||
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dealer0168
Elite |
12-Jun-2009 20:35
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STI WAITING TO BREAKOUT The STI is in a falling wedge, which is a continuation pattern in a bull market. The breakout level is at 2,400, and a successful breakout indicates a new target of 2,500. Will the index be able to stage a breakout? North Asia has been setting the pace since December last year. On Wednesday, the Hang Seng Index (18,785.66) broke out of its falling wedge, indicating a target of 20,100. There is some resistance at 18,916, but if volume kicks in, the resistance will step aside. MAYBE NEXT WEEK IS THE TIME............ |
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cheongwee
Elite |
12-Jun-2009 19:57
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HS Dent..said 85 to 100...possible..look at last year..late 09..hope all haut ahhhhhhh
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cheongwee
Elite |
12-Jun-2009 19:54
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Thanks...very useful reminder..fund manager make more $ more from the performance of their holding...in their interest to boost stock px...so fund have to coordinate to push up market..
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iPunter
Supreme |
12-Jun-2009 18:50
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I have so many friends who called Andrew, both young and middle... hehehe...
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waterfalls
Senior |
12-Jun-2009 17:19
Yells: "Investing is calculated risk, patience n luck" |
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i anticipate STI will break out in 2 weeks time, end June 09 becos of half yearly closing, big funds will want to make their balance sheet position look good. Thereafter prices will consolidate until the 2nd quarter earnings reporting season in July/ Aug 09. Chances high for earnings upgrade for 2Q going by what's seen in 1Q.
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