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however based on my proprietary OBOS indicator, we still have more to go. possible 3200 region will be touched this week or next before the technical rebound to form the M & A pattern
weekly chart, STI may or can touches 2800 before bounce up for a valid long term uptrend
however if 2800 is breached, than we will be likely into recession.
good post collin, plz do a chart analysis for DOW too. thanks.
2 cents worth on the STI . my personal view
First on the STI monthly chart,
STI has been rally since early 2003, uptrendline has become steeper from mid 2006 showing public partcipation in the stock market. Recently, we had a steep correction , however the STI is still far from the long term trend line showing that there will be more correction in the long term.
However, we have to note that the uptrend is still intact.
Now to the weekly charts,
STI has support at the 50MA, RSI remain at around 50 indicating the market is still not oversold in the weekly chart.
Now to daily charts,
Daily chart show that momentum is at the extreme now.The last time this happen was the correction in Aug, on the daily chart, market look extremely oversold.
A technical rebounce may happen any time now.
Please go to www.collinseow.com to look at the charts
from bloomberg, sell below Aug 16 low is sell signal for Dow theory. nothing is 100%
my opinion.
12000 dow should be comming on panic selling 1-3 weeks.
STI likely fall 2400 or so. we mighty see buying at dow low.
DOW comming close to test or break support 12800.
feels like bear market? maket keep falling and rebound and go lower, pattern keeps repeating.
Thoses who keep buying on dips and thinks it's a rebound will keep bleeding cash as market goes lower and lower. Best thing to do is stay away. put your money in the bank for short term traders. maket keeps falling and falling, cant get up!
it's the sad truth. some say china will support stock market. Well STI link to US, When US goes down so does STI and the rest.
Jackjames... :)
No lah... because the words are so big that I thought it's so much emotional elation... hehehe...
Anyway, it's only human to feel euphoria, elation, etc... when great news is experienced...
jack james, avoid the newspapers and media unless it is news not abt the economy.
very emotional response ar? aiyaa.. don't be wet blanket lei...
didn' listen to our master Livermore said meh? holding power ! I only hold not more than 1 month, u start to pull my legs, aiyooo..
must far sighted mah... correct or not.
What an emotional response (elation) !!!...
After reading today The Sunday Times Property Buying Guides, my confidence in properties and construction rise again, let's cheong until 2009!!!!!!!
i ask them google it becoz they /he may find a cheaper retail price than on the wed. i got mine charting software at 30% discount before or they can buy it from others who are selling theirs.
Bros, which data service provider do you use with Metastock?. Do they provide EOD or intraday prices? Grateful for your advices.
google it
Where can you buy it or how do I find more information about this metastock? My trading account at ocbc does not have much analysis.
Yes, if you buy Metastock for your PC, you also need to subscribe to a data service... 
no offence but just gonna say something,
for me, i wouldnt bother use nikkei as the indicator whether we will be going to bear market at all, why?
nikkei is not the major indicator for STI or the asia as we dun export to japan as much, in fact we import from them more.
next nikkei if dip abit will be good as
1)it makes the yen weaker. solve the rising yen issue
2)it makes the BOJ a good reason to keep the increase the interest low or lower it ! the rally since 2003 has been mainly to US economy and also the low yen interest rates which many institution borrowed trillions to dump into the stocks market. if japan is to do well and have to increase the interest rate, the institutions would 1)withdraw the $ from the stocks market to pay back japan 2)take a gamble to play a while more till the interest rate reach the breaking level which they have to pay back japan.
for me, i think institution would do the 1st options as they will have much lesser risk.
3)with declining japan but rising china and india would force money out of japan into other markets in asia which wil be good for especially HSI and indirectly us becoz of the china stocks in sti.
lastly, i think if u see the market chart well for the past histroy, sti is not link to nikkei anymore or as much now. HSI and dow has more impact to us than before. well all i can say is that i wont consider nikkei bearishness as a major reason for concern. thou it can be one of the concern.
conclusion: dun bother much with the posting by 01101749 on the bearish yet. we may have a rally or 2 before the recession comes.
we should pay more attention to DOW and HSI and SSE more!
Cheers!
How do you get this metastock? You need to buy it?