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Anything is possible now that negative atmosphere seems to intoxicate many investors.
hehehee... this SJ forum showed by mistake -270 drop for STI... or mah chiams like a glimpse into the future... scary drop if this does happen
HLJHLJ ( Date: 25-Oct-2008 01:32) Posted:
How come SJ STI is 1454?? Now should be 1600. Strange?
Anyone knows how to post pic here? |
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STI index back to 2003.
STI started its climb up from around 1205.If that is broken then next support looks like around 800. Do correct me if I am wrong.
How come SJ STI is 1454?? Now should be 1600. Strange?
Anyone knows how to post pic here?
Ok brother, u r nite rider, long long weekend. will take your words. next time round will explicitly to pen down facts loh. Cheers.
tat's wat i mean by mental power....u hv not written tis well n comprehensively too....congrats, uncle.
Thats what AK fear:
US stock futures trade frozen after plunge
Around 1200 GMT, the Dow Jones Industrial Average futures slipped 550 points, or 6.27 per cent, to 8,224 points, as panicked investors around the world sold off stocks on recession fears.
The broad-market Standard & Poor's 500 futures shed 60 points, or 6.56 per cent, to 855.20 points.
Trading was frozen as futures hit their maximum drops allowed by the Chicago Board of Trade (CBoT) and CME, where they are traded.
'The sharp declines follow significant losses registered in foreign markets overnight and are a reflection of the pressing concerns about the global economy and forced selling by hedge funds and other investors,' said Patrick O'Hare, analyst at Briefing.com.
Wall Street's major indexes closed mostly higher on Thursday in a volatile session marked by investor jitters about recession and some sense that the market may have hit bottom. The Dow rose 2.02 per cent, following a 514-point tumble on Wednesday, and the S&P 500 added 1.26 per cent.
On Friday, Asian markets plummeted to steeply lower closes, while European bourses tumbled in the wake of the panic.
To trigger a one-hour suspension of stocks trading on Wall Street, the Dow would have to fall 1,100 points, or currently 12.6 per cent, before 2pm (1800 GMT). If that decline occurs between 1400 and 1430 GMT, the suspension is limited to 30 minutes; between 1430 and the market close at 1600, trading will not be suspended.
The blue-chip Dow has already lost about 20 per cent of its value this month. -- AFP
uncle, perhaps u r now suddenly endowed with special mental power.
AK got strange feeling on the current stock market. Just dun know why? Can't explain!!! Sub-concious mind, though!!! Or old man syndrome!!! God bless.
Maybe im right.. earlier i post this:
STI at 1300-1400
HSI at below 9000-10000
pick a little by little... when is btm? is near... cannot be STI = 500 right. LOL
fear???......pick up a little ard 1500 n if 1500 broken to ard 1200....dare to pick up as much as u can afford??? or mayb miss the boat???
OPEC aleady decided to reduce oil production by 1.5 million barrels per day
Jesslee98 ( Date: 24-Oct-2008 19:10) Posted:
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When is OPEC meeting ?
Today big drop... Tuesday open dun know liao... depends on Monday other market's situation... those who went in last minute and is vested today really pray hard/cross-finger outcome of monday's market... hopefully those who bought cheap today will want to sell high on Tuesday's open to push price up...
It will recover on 28th of November 2008 most probably, another massive interest rate cut globally. (hopefully) before Opec cut its crude oil output instead!!!
iPunter ( Date: 24-Oct-2008 17:20) Posted:
True, but real money is lost when the market is down...
And no one knows when it will recover... 
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What we can do now to rescue the market? Don't buy nor sell nor trade, it is time for us to do simultaneously on Tuesday onward throughout Singapore if possible and continuous for the whole month, (as if placing the market on an emergency halt). In my opinion, I am sure market will recover by itself!!!
richtan ( Date: 24-Oct-2008 17:10) Posted:
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Obviously, it is abnormal, total insanity.
Markets are irrational, tends to overshoot in extremes, tats why there is irrational exuberance in bull mkt & now irrational capitulation in current bear raid.
Just hold tight, mkts will ultimately recover, life is about cycles.
There is bear now, so will there be bull later.
bola_no1 ( Date: 24-Oct-2008 17:04) Posted:
| Just wondering if all thes sliding is 'normal'. |
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True, but real money is lost when the market is down...
And no one knows when it will recover...
Obviously, it is abnormal, total insanity.
Markets are irrational, tends to overshoot in extremes, tats why there is irrational exuberance in bull mkt & now irrational capitulation in current bear raid.
Just hold tight, mkts will ultimately recover, life is about cycles.
There is bear now, so will there be bull later.
bola_no1 ( Date: 24-Oct-2008 17:04) Posted:
| Just wondering if all thes sliding is 'normal'. |
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