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STI to cross 3000 boosted by long-term investors
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cyjjerry85
Elite |
07-Aug-2007 16:09
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STI looks poise for the low or negative region again...the Asia regional markets ain't too enthusiastic nor confident at all of the US markets even when it shot up high last night...downside risks so much stronger constant fear...fear...fear.... |
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chipchip66
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07-Aug-2007 15:58
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Bear monkey is too late to cut rates. So much damage have been done. Mrket will cheer if they cut rates bt 50 basis pts. 25 basis pts i think has already relected in DOW's rise today.. balls to him that has resulted in the meltdown. | |||
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davidxiao
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07-Aug-2007 15:44
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Hi newmoon, have same thought...........hope that Bernanke cutting interest rate........ |
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chipchip66
Master |
07-Aug-2007 15:31
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Elfy darling.. looks like you could be the windvane for SJ formuers like myself. I will put my hands and feet up for u. Great post! I didnt expect yr post to be that comprehensive. Cheers! 
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red1721
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07-Aug-2007 15:22
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I think they are using a coin that has 2 same sides. |
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newmoon
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07-Aug-2007 15:19
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Mark Hulbert of marketwatch says that the suspicious behaviour of the USA markat could be due to manipulation by market authorities.-06/08/07 Market movement can be divined by tossing a coin? |
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red1721
Senior |
07-Aug-2007 15:16
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Do expect more downside in weeks to come, it is clearly a bear market now. As for me, I'll be likely to bottom fish in about 2.5 months time...As I had said earlier....avoid averaging to cover your losses...you'll be likely to get tangled further in this kind of market...good luck everyone... |
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victorf
Master |
07-Aug-2007 15:14
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for those who have good holding power, buy good stocks on dip in small batches from now till the next few weeks and do not worry (ignore the volatility)...believe the pessimism is not justifiable and best time to buy when no one want it (only apply to good stocks with strong fundamental and recovery story)...good luck :) | |||
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elfinchilde
Elite |
07-Aug-2007 14:27
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hi chipchip, meant the counters i was interested in/'weather vanes' for the market. not just the actual buy/sell, but look at market depth too: too many ppl queuing to sell all the way, but buy queues are supported only to a very short level from the bid/ask queue you see on the screen. sembcorp, sembmar, kepcorp. ke and kh to a certain extent. this is despite their good dividends and that sembcorp posts its results today. so warning bell out alr. note the two sembs and kc are actually on a downtrend. for the pennies: achieva and easttech: very strong selling pressure. contra trap from last week. and need to clear stale bulls all the way back to previous levels of the wed fall. be careful wing tai: it's oscillating 12-16c range per day. good for scalpers but perhaps not good for general market. UIC is also falling. note: with exception of achieva, not vested in the rest. and haven't went fully into this yet either. am staggering my buys for this period; to hold longer term for 4Q of year. (not going to buy all counters mentioned either. just wait and see how now.) and perhaps surest sign of lack of market confidence: look at the STI put warrants. they've dropped, yes, but not by a lot. this is despite market going up. signals are that this rebound is likely short term then. wld expect sti to close flat or slight up today. |
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newmoon
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07-Aug-2007 14:23
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The strange behaviour of the dow in the last hour of the last few trading days fits in well with the conspiracy theory of the price protection team. It looks like Bernanke wants to keep his job by cutting interest rate to save his own skin . |
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tanglinboy
Elite |
07-Aug-2007 14:21
Yells: "hello!" |
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The large increase in Dow last night didn't really excite the STI very much. It peaked in the morning and now its sleepy again. | |||
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chipchip66
Master |
07-Aug-2007 10:05
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Elfy, which particular stocks u referring to? | |||
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elfinchilde
Elite |
07-Aug-2007 09:49
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be careful of today's market. seeing too much selling across the board. small lots buying, large lots selling. contra trap from last friday as well; T+5 date will be monday. lks like a tech rebound but likely to be shortlived; too much selling. | |||
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victorf
Master |
07-Aug-2007 09:19
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irrational pessimism exists in market as said yesterday afternoon when we issue a call to buy bit by bit for those with strong holding power...for those who want to trade, still the three rules... 1. Be disclipine 2. Be disclipine 3. Be disclipine
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Sporeguy
Elite |
06-Aug-2007 19:55
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The nearest two fibo are 2584 and 4181. | |||
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lausk22
Veteran |
06-Aug-2007 19:34
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newmoon fully agree with your wisdom. there is life beyond the market. for example...savouring newmoon abalone ...if we made less $. if we make more $, then...we can spoil ourselves with calmex abalone....;) |
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newmoon
Veteran |
06-Aug-2007 18:37
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3280 is a meaningless number.(fibonacci number?) Markets move at lightning speed - 3280 can be penetrated and reversed in a matter of seconds in these days of electronic trading. 24 hours is like eternity in the futures market .It took 2-3 weeks for the STI to correct-that is a long long time.It is equivalent to Rip Van Winkle sleeping for decades. |
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Centaur
Veteran |
06-Aug-2007 17:11
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At the rate the STI's going, 3280 and 3310 not much difference, only 30pts... Our STI can easily jump up/down 30pts within a few mins. Talk about volatile... |
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Sporeguy
Elite |
06-Aug-2007 17:11
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If the closing is 3280, then this will signal the end of bull and the beginning of bear. Intraday low of 3280 is ok but not closing. | |||
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knightrider
Elite |
06-Aug-2007 17:06
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Hooray, Hooray, very fast it will reach the 2006 STI level, thus for those who miss the last round before the bull run, can start to pick up stocks when it reach the 3280 level liao. |
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