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STI to cross 3000 boosted by long-term investors
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iPunter
Supreme |
17-Mar-2008 18:49
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Looks like the stock market is foretelling bad times are ahead by it's sustained downtrend... |
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jasonrxz
Senior |
17-Mar-2008 17:52
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Agreed with fairygal that not that accurate in D.J future index.... I suppose the unexpected rate cut yesterday by FED will at least boost some investors confidence to get into the market today, however the sentiment around the world market are really weak till i dun even dare to bet my last 2 dollars... still holding to the last 2 bucks and watch for clear indications and indicators to place it... Hope all still vested in stocks will tahan till this period is over.... cheers 
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lausk22
Veteran |
17-Mar-2008 17:52
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Yes, not end of the world surely...Go to Robinson for the Great S'pore Sale, not cheap though....
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Fairygal
Veteran |
17-Mar-2008 17:43
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Frankly, last Friday's DOW index was one interesting one, swinging in range within a few mins, not for those with hypertension. Think tonight will be another exciting one to watch. I noticed that the futures are not as accurate under such market conditions. | ||||||
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iPunter
Supreme |
17-Mar-2008 17:37
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If the Dow rallies 300 pts tonight, you can bet your bottom two dollars that it will be another rare opportunity to sell on the great strength... But only bet 2 dollars (don't bet your underwear too...)... hehehe... 
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AK_Francis
Supreme |
17-Mar-2008 17:20
Yells: "Happy go lucky, cheers." |
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When STI closed, most EU markets saw 3 digit's losses. No fund leow. Nonetheless, this is not the end of the world. You may see some light in the dark at DJ tonite. Cheers. |
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cyjjerry85
Elite |
17-Mar-2008 16:05
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gosh* ...Nikkei is following DOW footsteps in closing below the 12,000 level ...what a sharp drop ...HSI worst with 4.87% drop....the region is in the red...bright red... US Futures still in the 3 digit red now...never expected today to be this red as thought probably traders all over will be anticipating a rally for rate cuts and so will buy up in the afternoon....now...darnz* |
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limhpp
Veteran |
17-Mar-2008 16:03
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Ya, I think it is really bad........ expect STI to drop further 0640 GMT [Dow Jones] STI continues to pare losses in afternoon session as cheap valuations limit selldown; index down 1.2% at 2804.63 vs morning low of 2745.96. "There comes a point where things just look too cheap to keep selling," says dealer at local house. But negative nod from U.S. pre-market futures, sharp falls for other regional indexes means trade likely to remain choppy. DBS Vickers strategist Yeo Kee Yan warns trend remains negative; "while minor oversold bounces do occur, it''s still a sell-into-strength market." Says STI has downward bias to 2530-2650, advises investors to stick with defensive stocks. Volume remains low; losers outnumber gainers roughly 4 to 1 in broader market. (KIG) |
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cyjjerry85
Elite |
17-Mar-2008 15:57
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i just saw on the streaming news from Saxo: Equity News: CITIC to cancel Bear Sterns investment, CITIC Group says. although i don't really interpret what they are talking about...but i see the two words "cancel investment" ...tt certainly don't sound good at all |
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limhpp
Veteran |
17-Mar-2008 15:44
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Did you guys trade these couples of days? | ||||||
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cyjjerry85
Elite |
17-Mar-2008 15:34
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STI keeps trying a couple of times today to hit above 2800 but been dragged down by the 'gravitational' force... | ||||||
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limhpp
Veteran |
17-Mar-2008 15:31
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STI is trading lower and lower everyday. Sianz........... |
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AK_Francis
Supreme |
17-Mar-2008 15:24
Yells: "Happy go lucky, cheers." |
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At this moment, HSI and Shanghai Index are still quite bad. Though STI had gain some ground over the last hr, later STI may be pulled down by HSI n SHI, if they dip further. Be alert, esp around 1600hrs, EU market opens. |
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DnApeh
Master |
17-Mar-2008 14:43
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Here we go again. | ||||||
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cyjjerry85
Elite |
17-Mar-2008 14:40
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what will happen tonight or tomorrow...we never know...if unclear, always safer to protect money by staying away first...there are still people buying up in anticipation that market will cheong when the Fed announce the rate cuts...but most of us already know this...and its priced in.... what we do not know is how terrible the earnings might be announced for this week...its a question mark "?" ...should there be a rally from the expected rate cuts...people will likely to sell...but if the Fed surprise/shock us with rate cuts that is lower than market expectations...then.... |
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cyjjerry85
Elite |
17-Mar-2008 13:56
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Updated 1.20 pm
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zhenxian
Senior |
17-Mar-2008 12:37
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HALF TIME~! gain abit of ground for STI but will only consider buy in at 4.30pm and see how my fav counter fairs :) |
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cyjjerry85
Elite |
17-Mar-2008 12:17
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saw at noon time our STI spur up a steep gradient upwards...then many retail buyers just buy in... the STI hit the support-turned-resistance of 2800 region and fell back a bit...we shall see the ongoings soon after lunch break |
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cyjjerry85
Elite |
17-Mar-2008 11:32
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the next support level is quite deep down for STI...at 2500.... earlier on, we went briefly lower than Jan low....tt's certainly not a pretty sight |
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AK_Francis
Supreme |
17-Mar-2008 11:09
Yells: "Happy go lucky, cheers." |
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It may recover some ground after lunch. My view as either FED will announce rate cut inadvance or tomorrow nite. Thats will give some kick on DJ as well as global markets, but the rally will not last long. Take care leow, cheers. |
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