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Look carefully, seems like penny stocks in play here. STI keeps going down but Sesdaq went up instead?.
in my opinions, volumes for today will be "lower" as compared to last fri, mon and tues.. some of the big BBs still haven't exited their holdings... sti might recovered a bit bt still in the red ba, i think.
STI need to digest its recent gains so as to scale greater heights. No confirmation of a downtrend yet, from a technical perspective.
Today is the contra day high volumes force selling day...........last week ten out of twenty counters under the top volumes having the trading volumes of more than 100K lots.
Avoid from now, bloody party now on till 5:05pm today.
God bless all traders in SGX....
Economy is doing well, Companies' earnings strong, Jobs market better and consumers' spendings good. Yet STI is heading south. Doesn't make sense isn't it? The only reason I could think of is the Market is falling on its own weight. The question is just how much weight it must shed...............how long it takes to lose that weight? Cheers!
I feel that Wall Street is playing the market now!!
I read in The Business Times on Monday and the main reason is of Wall Street sharp decline, partly due to the China Market and the contraid report made by Citigroup Research.
The China Market has picked up a bit now and i hope Wall Street will do likewise as they have problems in their sub prime mortage sales.
I think there is a correction now but a healthy one and i believe the Spore market will pick up by itself soon once the fears of Wall Street has subsided..
Kenneth
Feel like "bubble" and waiting the unknown region.
Too fast liao, worst no "proper" correction.
Slow and easy better. Already no in market liao.
Wondering who is playing in the market now?
Local player or foreginer? Big Player or retailer player like us?
I feel that the correction will come in August. Especially now the STI above 3600....very scary.
I think that STI may be heading for a huge correction soon before heading toward 4,000.
What do you guys/gals think? Any sugestions and thoughts are most welcomed. Thanks in advance. Cheers and regards!