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Well rebound ?? coming tmr, today finish off with much encouragement 992.8o million shares traded.
june 22, got volume.
Today STI rebounded +2.49 pts oni to STI 2.329.60 pts to 808.8 million shares changing hands, nice nos yah..8088 for your car nos too.
wait till world cup is over..
EU look up (green for tonite) tmr DOW look bright liao. maybe Ben is not saying any how now as bush election is coming.
like that only fun mah.. no movement ,how to make money ?
US Fed chief, Ben Bernanke is really confusing in his comments. First he says there could be rate pause then he talks about inflation worries and now his latest commenst suggests inflation is under control and US econmy is "resilient". His latest comments should fuel further stock rally
world cup mah, low volume expected.. but treat it as a appetizer.. main course coming july 5.
No forum participant should sound like a "soothsayers" or "crystal ball gazer" (when one is neither ) to suggest that the market has no hit its bottom contrary to what professional analysts feel. I quote a Channel News Asia report of today, "Analysts say bargain hunters were coming into the market amid sentiment that the recent wave of selling was overdone" and " SBI E2 Capital Securities (in Today of 15 June) says recent indiscriminate selling in the Singapore market has been excessive as fears of a sharp and prolonged economic slump are unfounded. We think that this is an excellent opportunity for investors (those who are not contra players or short sellers - no offence to them, pse) to pick up bargain values and position themselves for a sharp market rebound" (unquote)
A rebound that lacks volume cannot be sustained.
This is probably a b wave in an ongoing abc downturn to enable the stale bulls to exit-no confirmation of a continuing uptrend yet-it is hazardous to think that this is close to the bottom.