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roger.
USD increase any impact ?
BullishTempo ( Date: 05-Jan-2011 08:53) Posted:
Not into Wilmar. Too much bad news. and the next quarter profits potential not fantastic.
epliew ( Date: 05-Jan-2011 08:51) Posted:
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hi BT,
I am reading wilmar.... gaecia said when it reaches 5.5 about time to enter ? |
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| DJ MARKET TALK: STI Likely To Take A Breather; 3220 Support |
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| 1/5/2011 8:31:00 AM |
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0031 GMT [Dow Jones] Singapore shares may trade sideways at the open, given tepid leads from Wall Street, regional bourses and after the benchmark STI's 2-session, 1.9% gain. The index ends +0.4% at 3250.29 yesterday with 2.2 billion shares changing hands. "We'll probably be taking the cue from Wall Street, which was pretty mixed yesterday. I think everybody's waiting for Friday's (U.S.) unemployment numbers. Recent economic data from the U.S. have been getting a little bit stronger, and that puts the Fed's bond-buying program under the spotlight. So we'll probably be a little bit cautious," says an analyst at a local brokerage; he adds "the market has done pretty well over the past two days so we may take a bit of a breather." Global Logistic Properties (MC0.SG) will likely be in focus after it says yesterday that it will buy a 53% stake in China's Airport City Development in a deal worth US$375 million. STI is eyed in the 3220-3300 band near term. (matthew.allen@dowjones.com) |
"in"
BullishTempo ( Date: 05-Jan-2011 08:56) Posted:
Having said that, the RSI is a very strong bullish market can stretch to 85% or 90%. But I don't think we are in a super bullish situation today given the state of world economies, especially the US.
BullishTempo ( Date: 05-Jan-2011 08:51) Posted:
Just take it day by day, nobody knows what will happen 2 weeks later. All I am saying is when the RSI is high, the risk of going long becomes high. And it becomes prudent then, to reduce those risks by reducing your stock holdings. |
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Oic, got it. Thanks.
From the stochastic for Noble, it seems going to cross over with down trend. Is this one of the sign of profit taking too?
BullishTempo ( Date: 05-Jan-2011 08:51) Posted:
Just take it day by day, nobody knows what will happen 2 weeks later. All I am saying is when the RSI is high, the risk of going long becomes high. And it becomes prudent then, to reduce those risks by reducing your stock holdings.
crystal1818 ( Date: 05-Jan-2011 08:41) Posted:
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Hi BT, that is to say must take profit today for Noble given it's RSI already at 70% overbought region?
THe next opportunity to enter Noble again will be after the correction period in 3rd or 4th week Jan?
Thanks for the guidance. |
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Having said that, the RSI is a very strong bullish market can stretch to 85% or 90%.
But I don't think we are in a super bullish situation today given the state of world economies, especially the US.
BullishTempo ( Date: 05-Jan-2011 08:51) Posted:
Just take it day by day, nobody knows what will happen 2 weeks later. All I am saying is when the RSI is high, the risk of going long becomes high. And it becomes prudent then, to reduce those risks by reducing your stock holdings.
crystal1818 ( Date: 05-Jan-2011 08:41) Posted:
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Hi BT, that is to say must take profit today for Noble given it's RSI already at 70% overbought region?
THe next opportunity to enter Noble again will be after the correction period in 3rd or 4th week Jan?
Thanks for the guidance. |
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EPL, I NEVER SAID YOU SHOULD ENTER!epliew ( Date: 05-Jan-2011 08:51) Posted:
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hi BT,
I am reading wilmar.... gaecia said when it reaches 5.5 about time to enter ?
BullishTempo ( Date: 05-Jan-2011 08:49) Posted:
Depending on market performance today, I may decide to take some profit and run. 4th quarter announcement is in late February. |
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Not into Wilmar.
Too much bad news. and the next quarter profits potential not fantastic.
epliew ( Date: 05-Jan-2011 08:51) Posted:
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hi BT,
I am reading wilmar.... gaecia said when it reaches 5.5 about time to enter ?
BullishTempo ( Date: 05-Jan-2011 08:49) Posted:
Depending on market performance today, I may decide to take some profit and run. 4th quarter announcement is in late February. |
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thanks!
remember to call me when u are in town !
BullishTempo ( Date: 05-Jan-2011 08:49) Posted:
Depending on market performance today, I may decide to take some profit and run. 4th quarter announcement is in late February.
epliew ( Date: 05-Jan-2011 08:44) Posted:
hi BT,
genting sp is at the peak of the bullish trend....
william % , stochastic 80% macd.... what do you think about this stock ? when is the next quarter announcement date ? |
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Just take it day by day, nobody knows what will happen 2 weeks later.
All I am saying is when the RSI is high, the risk of going long becomes high.
And it becomes prudent then, to reduce those risks by reducing your stock holdings.
crystal1818 ( Date: 05-Jan-2011 08:41) Posted:
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Hi BT, that is to say must take profit today for Noble given it's RSI already at 70% overbought region?
THe next opportunity to enter Noble again will be after the correction period in 3rd or 4th week Jan?
Thanks for the guidance.
BullishTempo ( Date: 05-Jan-2011 07:33) Posted:
Yes Gaecia you right. The dollar reversal could spell bad news for Singapore equities today. And looking at last night's US market, Dow is up, but S&P 500 and Nasdaq are down. Looking at the RSI for Dow, it around the 80% overbought region. Profit taking looks very delicious now. Similarly RSI for STI is at overbought region, around 70%. Yesterday's STI's doji candle implies a slow-down in upward momentum. Stock-wise, Noble's RSI is 70%, Gar is at 70%, Indofood 68%, GenSp at 68% There wouldn't be much strength left to break through the next resistance levels. Stock-specific resistance levels : Noble : 2.30, Gar : 0.835, Indofood : 2.99, GenSp 2.25 Wednesday and Thursday should see consolidation sideways for STI. Profit taking will begin today and becomes more evident towards Friday. It is time to be prudent and take at least some money off the table. Wait for the next opportunity to enter again. |
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hi BT,
I am reading wilmar.... gaecia said when it reaches 5.5 about time to enter ?
BullishTempo ( Date: 05-Jan-2011 08:49) Posted:
Depending on market performance today, I may decide to take some profit and run. 4th quarter announcement is in late February.
epliew ( Date: 05-Jan-2011 08:44) Posted:
hi BT,
genting sp is at the peak of the bullish trend....
william % , stochastic 80% macd.... what do you think about this stock ? when is the next quarter announcement date ? |
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Depending on market performance today, I may decide to take some profit and run.
4th quarter announcement is in late February.
epliew ( Date: 05-Jan-2011 08:44) Posted:
hi BT,
genting sp is at the peak of the bullish trend....
william % , stochastic 80% macd.... what do you think about this stock ? when is the next quarter announcement date ? |
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08:35:13 2.264 500 X
noble married deal started early.
crystal1818 ( Date: 05-Jan-2011 08:41) Posted:
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Hi BT, that is to say must take profit today for Noble given it's RSI already at 70% overbought region?
THe next opportunity to enter Noble again will be after the correction period in 3rd or 4th week Jan?
Thanks for the guidance.
BullishTempo ( Date: 05-Jan-2011 07:33) Posted:
Yes Gaecia you right. The dollar reversal could spell bad news for Singapore equities today. And looking at last night's US market, Dow is up, but S&P 500 and Nasdaq are down. Looking at the RSI for Dow, it around the 80% overbought region. Profit taking looks very delicious now. Similarly RSI for STI is at overbought region, around 70%. Yesterday's STI's doji candle implies a slow-down in upward momentum. Stock-wise, Noble's RSI is 70%, Gar is at 70%, Indofood 68%, GenSp at 68% There wouldn't be much strength left to break through the next resistance levels. Stock-specific resistance levels : Noble : 2.30, Gar : 0.835, Indofood : 2.99, GenSp 2.25 Wednesday and Thursday should see consolidation sideways for STI. Profit taking will begin today and becomes more evident towards Friday. It is time to be prudent and take at least some money off the table. Wait for the next opportunity to enter again. |
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Japan suddenly shoot up.
Now positive.
BullishTempo ( Date: 05-Jan-2011 08:41) Posted:
Japan down,
Australia down
Regional markets taking profit. |
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Its the "hope" or "dream" of getting more money.
Not the money itself.
Trust me, I know. Otherwise people would not have been duped into buying Lehman mini bonds.
epliew ( Date: 05-Jan-2011 08:41) Posted:
the answer is money.
then the rest are evolution from that single product. |
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hi BT,
genting sp is at the peak of the bullish trend....
william % , stochastic 80% macd.... what do you think about this stock ? when is the next quarter announcement date ?
Hi BT, that is to say must take profit today for Noble given it's RSI already at 70% overbought region?
THe next opportunity to enter Noble again will be after the correction period in 3rd or 4th week Jan?
Thanks for the guidance.
BullishTempo ( Date: 05-Jan-2011 07:33) Posted:
Yes Gaecia you right. The dollar reversal could spell bad news for Singapore equities today. And looking at last night's US market, Dow is up, but S&P 500 and Nasdaq are down. Looking at the RSI for Dow, it around the 80% overbought region. Profit taking looks very delicious now. Similarly RSI for STI is at overbought region, around 70%. Yesterday's STI's doji candle implies a slow-down in upward momentum. Stock-wise, Noble's RSI is 70%, Gar is at 70%, Indofood 68%, GenSp at 68% There wouldn't be much strength left to break through the next resistance levels. Stock-specific resistance levels : Noble : 2.30, Gar : 0.835, Indofood : 2.99, GenSp 2.25 Wednesday and Thursday should see consolidation sideways for STI. Profit taking will begin today and becomes more evident towards Friday. It is time to be prudent and take at least some money off the table. Wait for the next opportunity to enter again.
Gaecia ( Date: 05-Jan-2011 01:50) Posted:
| see la...the greenback reversal is making everything flash red. My greatest fear came true again. zz |
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the answer is money.
then the rest are evolution from that single product.
Japan down,
Australia down
Regional markets taking profit.
The answer is
"Hope" or "Dreams"
epliew ( Date: 05-Jan-2011 08:36) Posted:
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i have worked in a investment banking before.... not as a banker....and met some of the brightest people around. They have not much life given the workload.
If you can answer the question "what is the single product the bank sell or buy...... you can qualified as a banker......" a banker once said to me.
Gaecia ( Date: 04-Jan-2011 23:25) Posted:
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Har...don't bother to get MBA, just quoting what Jim Rogers said. Perhaps self learning will suffice? Many of my friends did their post graduate studies in business at gd institutions also made little difference in their career in banking & finance. Lol I end up with BBA from nus also didn't do much for me, waste my papa's money. |
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i have worked in a investment banking before.... not as a banker....and met some of the brightest people around. They have not much life given the workload.
If you can answer the question "what is the single product the bank sell or buy...... you can qualified as a banker......" a banker once said to me.
Gaecia ( Date: 04-Jan-2011 23:25) Posted:
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Har...don't bother to get MBA, just quoting what Jim Rogers said. Perhaps self learning will suffice? Many of my friends did their post graduate studies in business at gd institutions also made little difference in their career in banking & finance. Lol I end up with BBA from nus also didn't do much for me, waste my papa's money.
BullishTempo ( Date: 04-Jan-2011 23:03) Posted:
| Unfortunately my degree was in Science. Was thinking of getting an MBA though, but kinda lazy to go through the hassle of examinations again... zz |
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