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, becos of quantative easing measures, not a sign of real muscle yet.
Experts always say respect the trends Dow may not be the dominating entirely,but it is goning downtrend. Hoping and reality is always different. We should bear in mond Be analytical and not emotionally.
Hulumas ( Date: 29-Jan-2011 17:40) Posted:
| Post Chinese Lunar New Year equity market RALLY is imminent! |
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STI has been progressively up since 9 Mar 09, big time to get a decent correction. A good place to rest will be 61.8% i.e. 2941 point. Recent mini mini falls is telltale sign liao........
Concern :
1) Stimulus package
The 2010 stimulus plan passed early this year, has run out in DEC 2010.
Lets watch if the next stimulus plan will come out soon and work to recovery in 2011.
2) US Tax Increases in 2011 --
The rich are feeling the pain now due to paying of higher tax as in $1 they earn, they are giving out almost $0.60 . Will they pull out of wall street and put their money somewhere else? Yet to watch. Though there seem to be increasingly buying of real estates in order to benefit frm the high taxation, if not, are they going to go somewhere else to invest? Hopefully singapore ? yes or no? :)
Straits Time Index is currently trending sideways and could potentially be forming a symetrical triangle.
http://sgsharemarket.com/home/2011/01/straits-times-index-trending-sideways/with Dow Jones meeting resistence and closing on a low, there is a high chance that STI will follow suit.
everyday i wake up i log into sharejunction,businesstimes,sgx n alextrades.com
hpong5 ( Date: 29-Jan-2011 14:57) Posted:
ok thks for your analysis :)
alexchia01 ( Date: 29-Jan-2011 14:51) Posted:
Use Dow as a gauge on Western Sentiment, use it as a reference. Don't treat Dow as the holy grail to your trading strategy. Do you know why Dow was down on Friday in the first place? It was caused by concern over Egypt's Unrest. You should ask whether this unrest would affect the global market? If your answer is no, than you can be sure that market would rise soon. My answer is No. After trading in the market for a couple of years, I learn that STI is not solely affected by Dow. STI is a small and open market, it's effected by every major markets. America, Europe and China all have effect over STI. Unless there is a major world crisis or crisis near home, I'm not really concern. Good luck with your investing. |
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Perhaps there's no big deal about the whole situation...
I guess the widespread upheaval will just result in a regime change...
Then after that, everything will return to normal again...
and life goes on... what is there to short???
hpong5 ( Date: 30-Jan-2011 10:20) Posted:
| i think bbs will use these unrest to short first. |
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i think bbs will use these unrest to short first.
break from market, be back mid feb (the earliest) or march 2011. dun worry, dj shld correct liao since sept 2010 strong gaining. can consider buy some blue chip on dips if interested... 3200 psychological support for sti ? ??
good to read something sane like this.really people like to over blow...i hope the sti steady ni on monday and haf cny rally after the cny all the way to after final year dividends all given out...so there!
alexchia01 ( Date: 29-Jan-2011 14:51) Posted:
Use Dow as a gauge on Western Sentiment, use it as a reference. Don't treat Dow as the holy grail to your trading strategy. Do you know why Dow was down on Friday in the first place? It was caused by concern over Egypt's Unrest. You should ask whether this unrest would affect the global market? If your answer is no, than you can be sure that market would rise soon. My answer is No. After trading in the market for a couple of years, I learn that STI is not solely affected by Dow. STI is a small and open market, it's effected by every major markets. America, Europe and China all have effect over STI. Unless there is a major world crisis or crisis near home, I'm not really concern. Good luck with your investing.
hpong5 ( Date: 29-Jan-2011 14:14) Posted:
| but dow is down on friday. wouldn't it more or less affect sentimemt |
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Dow is down on friday almost 1.5% and its futures also suffered another 1.5%. Not too good for next coming weeks as Dow do nominate STI directions and too China unrest controls might be coming out before lunar new year (where both funds and retailers are fearful).
I do think a correction has begun and stay away will adviseable. No Chinese new year rally coming. Sign.......
Hulumas ( Date: 29-Jan-2011 17:40) Posted:
| Post Chinese Lunar New Year equity market RALLY is imminent! |
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Post Chinese Lunar New Year equity market RALLY is imminent!
ok thks for your analysis :)
alexchia01 ( Date: 29-Jan-2011 14:51) Posted:
Use Dow as a gauge on Western Sentiment, use it as a reference. Don't treat Dow as the holy grail to your trading strategy. Do you know why Dow was down on Friday in the first place? It was caused by concern over Egypt's Unrest. You should ask whether this unrest would affect the global market? If your answer is no, than you can be sure that market would rise soon. My answer is No. After trading in the market for a couple of years, I learn that STI is not solely affected by Dow. STI is a small and open market, it's effected by every major markets. America, Europe and China all have effect over STI. Unless there is a major world crisis or crisis near home, I'm not really concern. Good luck with your investing.
hpong5 ( Date: 29-Jan-2011 14:14) Posted:
| but dow is down on friday. wouldn't it more or less affect sentimemt |
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Use Dow as a gauge on Western Sentiment, use it as a reference. Don't treat Dow as the holy grail to your trading strategy.
Do you know why Dow was down on Friday in the first place? It was caused by concern over Egypt's Unrest. You should ask whether this unrest would affect the global market? If your answer is no, than you can be sure that market would rise soon. My answer is No.
After trading in the market for a couple of years, I learn that STI is not solely affected by Dow. STI is a small and open market, it's effected by every major markets. America, Europe and China all have effect over STI. Unless there is a major world crisis or crisis near home, I'm not really concern.
Good luck with your investing.
hpong5 ( Date: 29-Jan-2011 14:14) Posted:
but dow is down on friday. wouldn't it more or less affect sentimemt?
alexchia01 ( Date: 29-Jan-2011 14:10) Posted:
28 Jan 2011 STI close Up at 3230. Bull Signal Confirmation.
Expect the Market to goes up next week.
However, with just 2 Trading Days, the upside could be limited.
Hopefully, when the market opens again after Chinese New Year, we can see more Bull Runs.
More on my Blog at Alex Trades.
This is just my views.
Good luck.
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but dow is down on friday. wouldn't it more or less affect sentimemt?
alexchia01 ( Date: 29-Jan-2011 14:10) Posted:
28 Jan 2011 STI close Up at 3230. Bull Signal Confirmation.
Expect the Market to goes up next week.
However, with just 2 Trading Days, the upside could be limited.
Hopefully, when the market opens again after Chinese New Year, we can see more Bull Runs.
More on my Blog at Alex Trades.
This is just my views.
Good luck.
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28 Jan 2011 STI close Up at 3230. Bull Signal Confirmation.
Expect the Market to goes up next week.
However, with just 2 Trading Days, the upside could be limited.
Hopefully, when the market opens again after Chinese New Year, we can see more Bull Runs.
More on my Blog at
Alex Trades.
This is just my views.
Good luck.
my bet sti resist at 3220, maybe can break. fomc meeting today last day ...
lol
25 Jan 2011 STI close Down at 3181. Moving Sideways.
STI has been hovering around 3185, I dont think it would break below 3180.
Stochastic also show signs of easing, plus 5 straight Days for Red Candles.
There is a High chance of STI rebounding tomorrow.
Get ready to start Buying.
More on my Blog at
Alex Trades.
This is just my personal Views.
Good luck.
great.
ktnpl2005 ( Date: 23-Jan-2011 08:59) Posted:
| STI on track to settle nicely at 3150 next week. Despite the drop in January, many must have pocketted a bundle during the mini rallies. The newspaper reported that the restaurants are fully booked for the CNY period even though the food is not the best during this period. |
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STI on track to settle nicely at 3150 next week. Despite the drop in January, many must have pocketted a bundle during the mini rallies. The newspaper reported that the restaurants are fully booked for the CNY period even though the food is not the best during this period.
