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I afraid of this burger, dare not to touch it leow..
shorting 2morrow???.....ur $$$ ur decision.
A summary for today.
| Last | Trades | Volume | Bid Volume | Mid | Ask Volume |
| 8.022 | 1 | 10,000 | 0 | 10,000 | 0 |
| 8.030 | 18 | 155,000 | 29,000 | 111,000 | 15,000 |
| 8.040 | 128 | 859,000 | 529,000 | 0 | 330,000 |
| 8.050 | 153 | 1,465,000 | 809,000 | 0 | 656,000 |
| 8.060 | 132 | 1,152,000 | 698,000 | 0 | 454,000 |
| 8.070 | 128 | 1,110,000 | 386,000 | 132,000 | 592,000 |
| 8.080 | 76 | 420,000 | 206,000 | 0 | 214,000 |
| 8.090 | 96 | 583,000 | 379,000 | 0 | 204,000 |
| 8.093 | 1 | 30,000 | 0 | 30,000 | 0 |
| 8.100 | 70 | 495,000 | 220,000 | 0 | 275,000 |
| 8.110 | 158 | 595,000 | 298,000 | 0 | 297,000 |
| 8.120 | 84 | 355,000 | 60,000 | 0 | 295,000 |
| 8.130 | 2 | 2,000 | 0 | 0 | 2,000 |
| TOTAL | 1,047 | 7,231,000 | 3,614,000 | 283,000 | 3,334,000 |
Low volumes in the market translate to sluggish trading in SGX
If this counter breaks 7.84, then it will go all the way down. Still monitoring on my side to "buy in" my short position if SGX close higher tomorrow.. 50/50 market these few days.
good 4 shorting 2morrow????
below 8, bad sign for longbros but good sign for shortbros... i think all the short kings/queens are back here again... is this a good/bad sign?
Not a good sign as it breaks the $8 barrier....
congrats 2day's shortists of sgx.
let's wait for 7.8
http://www.remisiers.org/research//Kelive%20Singapore%20Technical%20Analysis%20dated%2027%20May%202008.pdf
Exhibiting a head-and-shoulder formation.
Likely to extend its loss as technical indicators like
MACD and ADX are bearish
Projected target of S-H-S formationis $7.80.
Recommend a trading sell on SGX.
com'on com'on... lucky 5 ... waiting for the june effect... heeh
broken!!!
Break $8 barrier...
cud lose, ha done it on Mon leow. hold one for fun only.
hmmm...think ya meant support?
Blastoff ( Date: 28-May-2008 11:57) Posted:
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Resistant at $8...
short tis counter 2day.....cud lose $$$$$.
CWQuah ( Date: 28-May-2008 00:35) Posted:
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Yoh, IP, well said. Will follow leow loh.
Singaporegal... :)
I am neither bullish nor bearish about SGX... thus you can say I am 'buearish'... hehehe...
As a trader, I can't afford to be bullish or bearish at any time.
I must remain consistently 'buearish', which means I follow the dictates of the market action
itself, namely the subtle and not very subtle technical signs. But I shun all manner of indicators* and
only concentrate on prices with volume also noted. To me, up on high volume itself does not tell me it will continue to be bullish, since it may show the end of the run. It would be better to be in before a surge on high volume.
*To me, indicators, by their very nature, tell you yesterday's story, but not tomorrow's news.
Try not to go short on this. There is some hint of potential rebound once 8.05 is breached upwards.