

idesa!!! you have vested interests to agree, hence, opinion not unbiased. next!!!

hey, hondastream: may not be tomorrow, but yes, after the fed rate cut, i'm expecting a sell on news phenomenon. The 400 pts dow rally last night was on euphoria on the US$200bil lending programme, plus expectations on a rate cut. If you look at the previous cuts: only the first led to a rally after. The other rate cuts had a sell on news phenomenon: particularly for the previous few.
Briefly: if you look at the macro picture, the direction is downward. Hence, the april 2800 put as a 'safety' measure, while the real punt is the march 2900 put.
2800 is the support, we're hovering above 2900. So that's the range of the pivot point.
But then the volume very good leh.
Agree, a bear trap! One day of UP is not enought to confirm reversal of trend. I see it's going down in the coming days. Take care folks.mmm....I stated to put curse on SGX already...hehehe!
really will drop? though now the future is red but there is only one report today .. i dunno if there are any corporate earning from any company today... any one can comment on this??? Hope it's not that red though....
cheers

Hi Elfin,
just like to learn from you on your investment strategy. from the below mention .
is it that you foresee the market will turn red tommorrow. ?
and why two index of 2900 and 2800 . is it something like either one strike , you have the best result ?
kindly share , thank you .
bear trap set up from yest.
strike: sti put warrants:
STI2900bnpePW080328 @ 10-10.5
STI2800bnpePW080429 @ 14.
Targets by tmrw: 13-13.5. 15.5-16 resp.
caveat emptor. am vested at the above listed prices.
Looks to me that the party is over. I am seeing more and more counters turning red now when they were blues in the morning.
Shorted another 3 lots @7.47
It trading now at $7.48ct-$7.49ct
SGX | 7.600 | 7.490 | +0.440 | +6.2 | Vol 10,709,000 | 40,000 | Buy 7.480 | Sell 7.490 | 6,000 | 7.670 | 7.430 |
0207 GMT [Dow Jones] SGX (S68.SG) leading blue chip gainer as market rally boosts hopes of improved market volume, sentiment; share +7.2% at S$7.56. But, OCBC Investment Research analyst Carmen Lee says it may be too soon to call an end to SGX's woes with tumbling stock market trading volume. "It's still a bit too early; the market is very volatile at the moment and this is a quiet period on the corporate front." Stock still in oversold territory on RSI, stochastic oscillator; began technical rebound yesterday, supported by moderate trading activity. Volume looks set to be decent again today, so stock could rebound further; first resistance tipped at 10-day moving average of S$7.67 with subsequent resistance at 30-day moving average of S$8.77. (KIG)
Watch out guys, it's coming down...buyers gone, sellers kicks in. Take care.
The initial power of punters buying up is losing it punt, saw SGX losing it position in SES top list, guess it will hang at 7.55-7.56 for a while
At $7.61ct, that is very sharp as for u. now trading at $7.55-$7.56
Stock mkt is a dangerous place to be if you are in for short term. No risk no gain...dun follow me, I am a gambler...lol!
dangerous bet on that Bro................ anyway... all the best.. as i am still waiting to dump at higher price....

I shorted 2 lots again @7.61...hehehe
Buay CHEONG become TUA CHEONG today.....will see speculators buy buy buy to cover their positions....
Has been falling sharply the last two weeks.....today rebound will be sharp and drastic as well....
zanetti Member |
Posted: 11-Mar-2008 20:10 |
![]() ![]() * Alert Admin |
Even if DOW drop, doesnt means sgx will drop. Today is an example |
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Yo there,
The stock recovered becos there are rumours floating in the market about early fed rate cuts and tonight action taken. As the saying, paper can't wrap fire.... there bound to be news leaking out no matter how lips are sealed... So the rebound is due to this not STI index are independant and watever reasons.... Anyway... SGX all the way...

Europe Cheong and Dow future also Cheong....SGX going to Cheong tomorrow???