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STI to cross 3000 boosted by long-term investors
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AK_Francis
Supreme |
27-May-2008 00:04
Yells: "Happy go lucky, cheers." |
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If DJ remains weak till end trade, 2morow gonna be another dull day leow. Good for Polar Bears. Q low now, for any stocks. | ||||
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HLJHLJ
Veteran |
26-May-2008 23:50
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Better wait for signals to be clearer before buying. Learnt from Jan experience, don't commit too much at one go. Can be a falling knife. Nobody knows. If want to buy for technial rebound, better stick to less volatile good bluechip counters like SPH, singtel, comfortdelgro etc Even if wrong, one day, it will climb back again, hopefully. |
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Livermore
Master |
26-May-2008 22:41
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The infrastructure theme is one I had mentioend many times before. Here are short paragraphs from the article - Commodities may see short term blip in today's Business Times
Likewise, Citi says it continues to believe in the strong developing market demand story, especially on the infrastructure side. Domestic demand is evidenced by current rates of urban infrastructure investments in China running at 24.3% year on year and fixed assets investment in non-ferrous metals manufacturing running at 68.1 % year on year. Over the next decade, China and India are forecast to accont for 43% and 13% of total infrastructure spending of US$21.7 trillion in the emerging markets Citi sees attractive opportunities, particularly in Latin American equities and global infrastructure themes such as steel and diversified commodities funds. |
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tanglinboy
Elite |
26-May-2008 22:32
Yells: "hello!" |
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Hey... I think you're right.
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lausk22
Veteran |
26-May-2008 22:30
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EastonBay, Wah, u have mo shui....
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tanglinboy
Elite |
26-May-2008 22:28
Yells: "hello!" |
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Maybe it is BB controlling the market? Trying to entice people to buy in?
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AK_Francis
Supreme |
26-May-2008 18:41
Yells: "Happy go lucky, cheers." |
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What AK perceives that BBs had accumulated quite a substantial component stocks in the morning, during panic selling and afternoon shortiest panic buying back. They pushing up the price during pre-closed period. And if DJ tonite don't fall, 2morow is more or less a technical rebound scenerio, being STI downs for week. They will push up the prices accordingly and gain more loh. If DJ down further, no issue, they will dump further to create more panic and collect further loh. Hence, look out carefully tonite leow. But had Q for SGX and SPC on low. |
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soloman
Master |
26-May-2008 18:29
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shortist covering the mkt at the end |
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cyjjerry85
Elite |
26-May-2008 18:22
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don't understand why the market last half an hour cheong so steeply ...no longer surprised..cos i dun wish to relive another shock given by our STI..haiz* |
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AK_Francis
Supreme |
26-May-2008 16:48
Yells: "Happy go lucky, cheers." |
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No eye see, just back fr kopi thiam. SPC got it at 7.12, Q since morning. |
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elfinchilde
Elite |
26-May-2008 16:26
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wait for index to be around 3,000 before starting to buy. when volume is this low, it's very, very easy to manipulate the market. meanwhile, better to be twiddling your thumbs than jumping in to try and catch falling knives. caution is better in such a market. | ||||
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singaporegal
Supreme |
26-May-2008 15:44
Yells: "Female TA nut" |
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Market will be slow today and tomorrow. Everyone will be waiting for direction from the US markets tomorrow night. |
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cyjjerry85
Elite |
26-May-2008 14:44
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Immediate outlook: The Straits Times Index (STI) continued to see weakness in line with regional and global markets. The index broke down from its bearish wedge pattern last week and this is a bearish sign in the short term. The STI ended the week at 3,122.15, down 119pts or 3.7% week-on-week. For this week, be prepared for more downside after the index fell below strong support levels. The 100-day SMA at 3,090 would likely offer some support but we do not think it would be able to hold the sellers for long. The next level of support is at 3,000 psychological level. Medium-term outlook (2-6 months): Now that the index is trading above its 100-day SMA, we can deduce that the index is bullish for the medium term. The STI has broken out above its medium term trend line resistance recently and this is usually the first signal that the market has indeed bottomed out and is now getting ready to rally again. However, there was a bearish engulfing candle on its weekly chart, suggesting some weakness in the near term. Its MACD and RSI have also flattened out, suggesting that the underlying buying momentum is easing. There is a good chance that the index failed to breach its support-turned-resistance at 3,220-3,350 after a few tries. Despite the short term weakness, we believe that the long term uptrend is not over yet. Any weakness towards support levels may be seen as an opportunity to buy. 2,800-2,820 is a strong support for the STI. (From CIMB this morning) |
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pikachu
Veteran |
26-May-2008 14:22
Yells: "Holy Cow!" |
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Volume very very low.... whole market sleeping. | ||||
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EastonBay
Master |
26-May-2008 11:38
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 cos' 生于斯，长于斯
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AK_Francis
Supreme |
26-May-2008 11:37
Yells: "Happy go lucky, cheers." |
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16.58 clocked on 10 Mar this yr!!!! | ||||
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garylaw
Member |
26-May-2008 10:50
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Hopefully DBS drop to $16. 
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Livermore
Master |
26-May-2008 10:37
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Read page 2 of busines times today and I am not referring to the commodities short term blip article is referring to | ||||
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AK_Francis
Supreme |
26-May-2008 10:00
Yells: "Happy go lucky, cheers." |
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Look at the screen first 3 mins and left the screen at safe mode, thinking fly fly leow. Wah, returned back just now, black out. Ha ha. No play today. Ayah , people had donated 7 mil last night Sichuan's show, today play less leow loh, he he. |
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cyjjerry85
Elite |
26-May-2008 09:51
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very red throughout the market...probably today STI will have a rather low volume...ppl see liao also sianz dun wanna trade | ||||
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