Straits Times Index   

STI Index

At least now FED chief is more careful in his speech to the congress, spoken quite well and oso enlist his deputy to better manage communication policy issue and seriously considering to temporary pause interest rate hike see Fed chief orders study of how central bank could improve signals to markets.

 

I don't think the STI has bottomed out yet after the "bull run" today. The trading volume is still very low as compared to usual levels.

 

Is green and span when Greenspan around.

 

hellokitty speaking the truth.

 

Hope GREENspan will contiune to speak well. Bush may want to him for his experience in his administration at least to stable the dow mkt. 

 

Alamak! my STI prediction is oni less then 000.18 % from my target focus.

 

If it's that easy to predict whether a market is going up or down, then all short sellers would  make money, and all the others would lose money. The World Cup or the Fed mtg is just a lame excuse for the market to  pause, but  will it pause or dip forever?

 

Well, i believe the STI current rebound is a temp thing with Monday going to dip into red again. In fact, i guess STI may dip to end lower than 2333 to around 2300 on friday end.

I still believe it is going to be 2100 by next 2 weeks.

 

we'll see... World Cup would have started and in full swing. 

 

up 53 pts by monday..

 

STI up up liao to 2,319 points +22pts

 

sti up 20 pts now.. go higher please.

 

As posted earlier when i said 2350 wasnt a strong support line nor 2300 is. the STI was temp halted from its slide and stop just below 2300. STI next strong support is 2150-2200 region which maybe be hit on friday 9/6 or next week.

This strong support of 2150-2200 will be not a perm support and i believe it will be breach in a few weeks time rch 1800-1900 region by mid of july before it halt and rebound upward. With STI drop 2% per 1% dow's drop, i dun think it is a fiqure "Impossible" to reach.

if 1800 is breached, the next support will be 1650-1700.

Thus: Short STI

Massive as it seem. but it is still within the term known as "Correction". It is normal and acceptable for market to correct 30%. However, any more drop, and it will be known as "Depression".

 

Oil prices fell below US$70 per barrel today for the first time in two weeks following the announcement of the death of al-Qaida's leader in Iraq, Abu Musab al-Zarqawi.

Word by Nigerian militants that they would release 5 South Korean hostages and an easing of world tensions over Iran also calmed markets, which were already on a downward course after U.S. data showed ample crude and gasoline supplies.

 

Greenspan spoken and oil px is down to US$68, i think tmr index  can rise  to STI 2,333.33 points.

 

Don't know about 2000, but 2200 is confirmed now.

 

There are lots of uncertainties. US economy is slowing down and increasing interest rate to "fight inflation" makes matters worse. Raising interest rate will affect growth even further.

I remember when George Soros was here in Singapore last year, he predicted a world recession in 2007 due to the US housing bubble burst. US housing market is cooling off and increasing interest rate will make it even harder for the US consumers to pay off their housing loan. Once the US consumer loses his spending power, the US economy will slow down even more as 2/3 of the US economy depends on the US consumer.

 

 

Iran willing to talk, USA willing to talk.. good..

 

low volume again. money all diverted to football bet ?

 

As of now... trading volume is just 333,212,740