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asian market sell down in anticipation that econimic data would have negative impact to DOW. It down 49 pts after Friday closing losing hope that FED will cut interest rate due to CPI.
Mostly likely STI may stay flat unless Nikeei react further to DOW friday's fall and Hang Seng to 0.27% interest rate increase.
another interesting week.....
1. STI will be down first and then rebound??!!
2. STI will cheong all the way to above 3150..with Nikkei and Hang Seng green green at opening...Pray....hope my dream come true....:)
also depend on nikkei opening and then hang seng
also
Dow is down 49 pts, Nasdaq is down 8 pts. Most likely STI will be down also on Monday 19.3.2007.
Dow is up 57 pts to 12133, above the 12,000 marks, good news, Nasdaq is up 21 pts to 2371, above the the 2300 mark. Hopefully this week it will end on a positive notes.
It appears the "Oracle" is none other than mirage.... :)
Good insights, sir.
Fun with Flows: Record outflows ? For the week ended March 7, redemptions from all Asia-dedicated funds totaled US$4.1bn, 2.5 times the now second-biggest weekly outflow ever, which was recorded in May 2006. The ?yen carry trade? concern not only affected Asia but also the rest of the emerging markets with US$4.8bn redeemed from Latin America, EMEA and GEM funds. These, together with US$1.7bn in outflows from International equity funds, suggest that US$10.6bn was withdrawn in one week.
==> Be caution.
Singapore: Past sell-offs suggest that consolidation has not run its course ? In April ?04 and May ?06, the STI took about five weeks to find its trough. During recessionary years, it took between 6-12 months before the market found its floor.
===> Not yet over. March is traditional bad for stock market. KEEP CLEAR AND BE SELECTIVE!
They had dropped too much since Nov 2006 due to the coup. May be back to real value or even under value bcos of the junta.
Maybe in Thailand all the retail investors all left already... only the big boys are playing there.
DOW futures are not very healthy, down 25 pts now.
Despite all these panic selling in Asia, I found that the Thai SET is barely affected at all. It currently drops only 0.2%. Anybody knows why?
I think US market will continue to slide tonight. The subprime market news has been quite disturbing last night.
I still the STI will go down further when the Europe markets open later...
Watch out.
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SELL INTO STRENGTH.
Since the recent "healthy correction", I think it is advisable to SELL INTO STRENGTH, but it is easier SAID then done.
I think it is time to trim and consolidate our stocks. Just keep the good ones and sell the bad ones, even if we are losing money for the bad ones.
Trading Technique, Rule No. 7. Sell the Losers Early.
Get ready for the next major correction or "crash". It may come earilier than you expect.
Expect the "unexpected."
Just my opinion only.
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Do you remember the above post I put at "trading technique", If we have SELL INTO STRENGTH on 12.3.2007, 21:31 then we don't have to worry about the "crash today", the trouble is I also did not SELL INTO STRENGTH. When the market next rebound, I think it is better to sell. Today, it's a bit TOO LATE. This is my opinion only.
This "correction" is worst than the last one. Now at 2:15pm, STI is already down more than 105 points. I think this is a "major correction" Tomorrow may be worst, depends on DOW JONES tonight.
Guys. i am almost totally out of the market since the 1st day of the crash.. but my UTs are still in.. however it is for long term play, however, i dun think anyone will like this even in long term play..
STI is now down 84 points!
i and many ppl need someone to post something constructive which we dunnoe..
somebody help us! Oracle anyone? Divination?
Unless you are a shortist, otherwise, no action is best because there may be a 3rd wave coming.
I anticipate the STI to drop no less than 90 pts today. Is NO ACTION today, the BEST action. I think it is too LATE to sell. What are your views.
