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281-300 of 1084
it is pretty normal reaction. 2900 is a very strong resistance. if cant break, the only way is to take profit.. and go down..
support is around 2800
Nosedive liao....
hope the fear of fall of 8% in India is under control.
no push factors coming
seems like 2900 will be hard to clear for now.
With the expected Fed pause today, I think STI will play pin-ball today to end reddish FLAT.
tomolo should have some form of support around 12700, if this support is broken, the next major support will be 12200 and 12000.
*will enter again when the Indian index bottomed.. however will buy with reservation.. slowly add up..
posibble. my intention is to enter again when i bottomed.
as for china, the recent opportunity is like once in a decade type of chance to win $. too bad we cant but China stocks or indexes.. however, i wonder if the recent bullishness will rub into the china pennies in STI.
hmm.. the funds actually is meant for long term, my initial objective is as well 3 digits in 3 years time... I hope this still can happen .... hmm.. china funds..
jackjames, why u never sell two days ago?
u know why so much selloff? the india banks are going to raise interest rate to curb inflation.. i dun noe where it will drop but i think the support could be the 100day sma and 200 day sma.. 12272 or 11589. however i still think the recent dip is obscence.. the ang moh just bought 2 billion dollars of stocks on nov..
as for china, the rapidly raise is becoz the govt free some foreign banks restriction and also the ang moh banks started selling unit trust to the chinese. ahead that they just raise 10 billion yuan or somrthing worth of cash.. the chinese are crazy of the UTs and flooding the China market with tons of cash.. now China market is expected to climb even further as they will be more of these types of massive funds collection.. therefore those entering china almost like frenzy..close eyes also make.
2008 also another cataylst.. china is bullish now.. beyond TA..
that's part and parcel of the buy and hold strategy...
iPunter, I invested 25K into India Funds at one transaction (almost like stocks liao), surely I need to monitor that closely.. actually, this year is quite shuai for India funds.. during the last 3 years, never have this kind of huge correction and the returns are 3 digits, but it happened twice this year (correction?).. I can't imagine if it drops further in the next few days... They can wipe out 3 months gain if they drop continuosly for 5 days.. cham.. Even it's at East Asia, just look at June this year, all the region fall... but they fall together, ha ha..
jackjames... I had always thought that you are Indian by ethnicity... wonder how I got that impression before... hehe .. :)
and India is East Asia!!!
be cautions!!! India Sensex continuosly drop for 3 days, 1st day drop 100++ points, second day 300++ points, and today another 591 points which is 4.41% for the index!!! it's about 8 % drops for India index for just 3 days... another round of big correction since June 2006. STI, beware!
very near to 2900 pts. another 1.6pts.
AFter tonight FED meeting and no negative surprise, should see again above 2900pts, an important support for the "hundreds" milestone.
Check out SE Asia bourses indices - mixed closing today.
http://finance.yahoo.com/intlindices?e=asia
Looks like STI may close flat or RED today. Now +3.38
STI's positive...
but rather disappointing that some stocks don't seem to be respecting support levels at all... not even stopping for a moment of nicety, but instead trip over the support and fall over... :(
DOW up and with Nikkei above 16,600 pts now, STI should be steady and heading towards 2900pts again soon.