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all indices down. DOW, nasdaq, QQQQ neg 1.36%, even bond, etc...market is losing confident, invest are cashing out from US. Are they going to park in Asia market? Any advice to share?
some predict the bottom of the correction (if) to be around 11800. plus minus 50. more like minus. (5 cens worth). Due to US political situation. More post-election uncertainty too, others say. Oil has bottomed, even others say (short term supply limited, take OPEC seriously! lol), and wat else, aging bull and technical overbought. Even a rumour of recession, cos US housing not bottom yet. Overspilling into US manufacturing. Interest rate hikes not done? Consumers confidence down? Job insecurity? Spend less? 07 Q1 ..... market focusing now. (puts, now)
Oiii why dint u tell me one week earlier? This is like the NS sprint, sprint to the end, and sprint back, and dun forget the sack.
You are correct. But nvm, "buy on dips bulls will be sniffing".
There is no support today, bulls letting bears hit and run.
Dow touches 15day sma and bounce abck again like yesterday. Those betted heavy on the bull better pray DOw dun break and close below 12020 today (15days sma) else tomolo sti will be ugly. with such a rally today, tomolo can have a equivalent dip.
still staying on my bet that dow will correct
ekks (if) DOW close below 12000, STI will be shorted....(?) ......
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DOW 12038.07 |
42.66  -0.35% |
DOW down?
Bull will rally the Dow up again this week. Buy in weakness, Super-rally. Fed cutting interest rate. Oil prices bearish! Consumer confidence sky high. Economy soft landing. Inflation under control. Asian markets bull run continues. Bargin hunting seasons sets in again! Dow 10,000 by next week? Forget it. STI 2430 by next week? Forget it! Correction, never! Lets all get properous with this booming stock market rally! India and China will add sustained strength to the rally!
Weaker construction & factory activity data causing US market to slip to Reddish FLAT now.
Dow and Nasdaq both open up 0.3% - GREEN! Shiok!
Dow opened up 37 points, Nasdaq up 7. Quite comfortable.
Barton's updated asia stockcharts has turned bullish for world markets .
Target for dow projected forwards is 13700 by feb,2007.
Good luck
guess is the halloween effect has push the Dow down =)
It is a good sign to see Dow down and Nasdaq up... This is to tell that the gap is closing up....... Tech stock is about to cheong to the history high record of 5000+++ for Nasdaq.... Singapore Tech stocks are about to cheong after the Banks and Properties stocks in this bull market....
Dow closed down 6 points, while Nasdaq up 3 points - Pancake Flat last nite. Let's see how STI performs today to this ... :)
apparently DOW is consolidating now, may take few days. Should be stable unless economic data unfavourable to the market
the next 30 mins is the make or break for dow tonite..
break 12050, than soyonara to DOW tonite.
wow biilywow, i thought u want me to see patiently what dow is going to happen in november? dun lose heart mah, dow havent break the 15days sma yet. u may be right for all we know....
DOw found support at 12050. once broken it will be dip to 12020 and next is 11970 and so on.. a healthly correction can dip to 11700 region or 11850.
I'm a contrarian for now .... :P