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STI to cross 3000 boosted by long-term investors
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aleoleo
Master |
15-Jul-2008 09:38
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TOKYO, July 15 - The Nikkei share average fell 1.5 percent on Tuesday, led down by financials such as Japan's top lender Mitsubishi UFJ Financial Group on worries about the health of the U.S. banking sector. This is really bad news... US gov has got to do sth... no worries... they wont let their residents to sleep on the street one.. haha 
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ozone2002
Supreme |
15-Jul-2008 08:59
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Japan down 1%...sti to follow suit | ||||
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des_khor
Supreme |
15-Jul-2008 01:18
Yells: "Tell me who is the God or MFT from this forum??" |
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DOW no longer a threat to us !! NOW is inflation and oil !!! |
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AK_Francis
Supreme |
15-Jul-2008 00:38
Yells: "Happy go lucky, cheers." |
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brothers n sisters, AK opine that DJ just can't pull up loh. but observed that our small island will only suffer small jitter when DJ quakes. substantiated with Mr Tee lately. Henceforth, sleep well, jangan tension. | ||||
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lookcc
Master |
14-Jul-2008 23:58
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sti, hsi, nikkei n asian markets r now depending on oil px [unless dj up or down more than 150 pts]....if oil px down, asian markets shud b up n vice versa....dow has [to a great extent] lost its influence on asian markets.....comments most welcome. |
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iPunter
Supreme |
14-Jul-2008 20:32
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Elfin... :) |
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elfinchilde
Elite |
14-Jul-2008 18:19
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UJ pair rangy. i suspect there was some intervention to jack up the pair (ie, for DJIA to be positive tonight); but it seems to be losing steam though the support is still there. for the DJIA to really rally tonight (200+ pts) we need this pair to preferably be above 10697 by opening bell. let's see. |
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ozone2002
Supreme |
14-Jul-2008 18:11
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helping only prolongs the current problem.. just like those bastards die! | ||||
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AK_Francis
Supreme |
14-Jul-2008 17:45
Yells: "Happy go lucky, cheers." |
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US greatest saving bank also kena taken over, who next. hencforth, likely ang mo will be very pessimistic on the stock investment in weeks to come. subsequently, global markets will be affected as well. just cautious loh, AK view. |
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SupremeA
Veteran |
14-Jul-2008 16:48
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Anyway, lots of M&A activity going on. Does this mean things are getting better? | ||||
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SupremeA
Veteran |
14-Jul-2008 16:23
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Is it just me or are the forums v quiet the last few days? | ||||
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CWQuah
Master |
14-Jul-2008 15:36
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Interesting - STI defends 2875 for the 3rd time in the last 7 days. But the true support is 2850/2862. Watch out for it. |
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elfinchilde
Elite |
14-Jul-2008 15:29
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US govt going to sell 3bil worth of freddie on sale today. o/w, major US data is only out tmrw and day after. A lot will depend on this sale: if it is successful, you'll see a slight DJIA rally. if not, it'll slump. its a measure of investor confidence in the mortgage firms. | ||||
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AK_Francis
Supreme |
14-Jul-2008 12:38
Yells: "Happy go lucky, cheers." |
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oh no sorry, I meant U turn for today, not explicit enough. though I mentioned shortist retreated early. but now seem like W turn leow. hope so it happens after lunch. cheers.
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red1721
Senior |
14-Jul-2008 12:30
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Oh btw guys, he post new analysis every Monday of the week. Hope you guys can make more $$ out of it...Cheers! | ||||
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ozone2002
Supreme |
14-Jul-2008 12:28
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46 down!...wham bam thank you mam! yeah | ||||
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red1721
Senior |
14-Jul-2008 12:27
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some article I would like to share with you guys....this chap so far gives a very "Zoon" prediction on dow and sti, I have been making $$ out of his analysis for the past mths. Check out his website at http://www.him.com.sg/ His article goes like this... Last Friday closing had certainly make Investors very nervous. The development on the retail bank IndyMac that was shut down by regulators, the news as to whether Treasury and Federal Reserve will come to rescue the near collapse Fannie Mae and Freddie Mac., the tension on development between Iran and Israel, the surging on Crude Oil prices, the testimony of Fed Chairman on Tuesday, and the earning reports from some major banks will definitely create the volatility to the market. Will the market collapse by then? Or will the market have a final flushing down and make its bottom? It is certainly a billion dollar question and that no one can give a definite answer. However, I believe the market is likely to have a big sell off climax and that a near term bottom may be formed. As to whether it will eventually turn out to be the bottom for the next Bull run is yet to be confirmed. For I think, after fighting so hard to rescue Bear Stearns, the financial sectors and the economy, the Fed and Treasury have no choice but to continue fighting on, which mean they are likely to come out with a plan to rescue the fails Fannie and Freddie, which will then create a similar rally in March when Fed stepped in to rescue Bear Stearns. Plus the fact that market is very oversold, any good news will likely spark a big rally. The key support for Dow Jones Industrial is at 10800- 10700 range and for the Bulls to have a chance for a run, this level should not be broken. As such, I would expect a test in this level in the early part of the week before a bottom is formed and kick start a rally that will last for multi weeks. As for STI, I do not foresee a serious sell down in the market, if Dow Jones Industrial is going for a sharp drop on Monday to 10800- 10700 level, then STI is likely to just test the support at 2850 level. However, if the Dow takes a few days to reach 10800- 10700 level, then STI may eventually test the March'08 low at 2745. Whatever it is, we are indeed very close to a bottom. I would expect a sell down in STI towards 2850 on Monday, if there is no rescue plan announced by the Fed on Monday night, then STI could continue to come down and eventually test the 2745 level. So for short term investors, my advise is to try and buy when STI reaches between 28500- 2745 levels and wait for a rebound. As for medium term investors, you could either continue to stay sideline and wait for the market to signal its bottom or start to accumulate China related stocks ahead of the Olympic. If you are my customers, I shall inform you as soon as I think the bottom is confirmed. The following are the support and resistance to watch for Dow Jones, Hang Seng and Nikkei next week. |
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SupremeA
Veteran |
14-Jul-2008 12:07
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lots of analysts say u turn need 18 months leh. zzz. I gotta keep my $$ ready for stocks for tt period
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redash
Member |
14-Jul-2008 11:53
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Woah nothing much happen today! As if the last friday mega drop is merely an act, O'Games ard corner haha Swee la =D |
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AK_Francis
Supreme |
14-Jul-2008 11:49
Yells: "Happy go lucky, cheers." |
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seem like U turn is on the way. some shortists not greedy they had exited smartly, now they can go for kopi tiam for early lunch leow. yesterday got wedding dinner, woke up late, no deal. beside NN Mr Tee optimistic comments on Spore economy. glad to see some positive comments on the local market by our sifus. will sleep well loh. Cheers. after going through the SJ will go for breakfast cum lunch leow. |
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