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juzjuz... agree with you...
the buyers have been so used to thinking "buy on dips" ...
but this time, I think things are no more the same...
the buyers have been so used to thinking "buy on dips" ...
but this time, I think things are no more the same...
Quite a lot of buyers still around......
Hmm...interesting.
Now, the Qn is whether is it a trap or the bulls are really strong !
STI is just temporary undergoing mini correction. It's support is at 2850 (13MA).
But on the other hand, member "newmoon" has just put up an interesting post titled "Plunge Protection Team" which, it appears, even have the ability to stifle market efficiency...
Those who missed it earlier, please also refer to Nostradamus' post at 10:35 below.
Actually, I find that most of the counters that I usually monitor are on a downtrend now.
So I guess I'll keep my portfolio empty for the time being.
So I guess I'll keep my portfolio empty for the time being.
ominous... :(
STI looks to be gradual downtrend from its RSI
Looks like the market has calmed down a little after this morning sellout. Think some bargain hunters coming in for those who drop drastically this morning, pushing them up.
But MA's are yesterday's news... hehe... then today's action is not shown at all. :)
Should be able to support at 2850 (13 MA).
Have you read Nostradamus' post below?
i just cleared all with some losses. Hope to buy back when low
Anyone shorting HSI ?
Empty porfolio since last week.Waiting to enter again but don't know when is the right time?
The correction has already started. Many stocks have started falling. Clear out of your porfolio.
except China perhaps...
Every key index stocks are hit this time round, looks like a panic selling is going on.
you are right, seems like singapore market is doing some minor corrections..
christmas sale coming