
i think will go in around 8.5
then run if hit my profit target :)
Good price increase today. However, TA charts continue to show bearish signs. No significant change in charts.
IMHO, it is better to remain cautious.
Since the last post, it has fallen from 9.26 to low of 8.77 yesterday....
Today, rallied a bit due to the strong market, but dismally closed at the day's low of 8.84 ...
The technical picture of the chart is strongly indicative of a further downside...
but it can go up too, of course...
Technically speaking (ie. looking at the chart), it is safer to bet on the downside than upside...
Then if one is wrong, simply cut... (though not easy to do*)...
[*this is because people need to defend their opinion till the end.]
TA charts continue to show bearishness.
I also notice the bollinger bands are starting to tighten. There's a sign of more rapid price change.
Things may get worse before things can get better...
Watch the charts for the clues...
Yes what goes down must come out. But the question now is when it stops and U turns? At such volatile market, who can predict? The stock you buy today, it may not up next Mon. Lets don't preasure yourself during CNY. Cheers.
What goes down must come up amd vice versa. Time to buy in and wait for mkt to open after CNY?
SHORTIST TODAY WILL WIN BIG TIME
THEY SET THE PERFECT TRAP DUE TO CNY SEASON
BECAUSE TODAY NOBODY DARE BUY DUE TO SHORTEN WEEK - HOLIDAY
EVEN WITH DOW NO SHORTEN WEEK, THEY CANNOT ALSO RECOVER
BUT GO DOWN BIG TIME
LESSON LEARN - TODAY STI WILL NOT RECOVER MOST OF THE LOSS
Many stocks like SGX down big time
SGX - 60 cts
Kepcorp -50
DBS - -70
Signs of hedge funds starting to off load again before CNY holiday starts
RED will be splash all over the indices in Asia and financial sectors will be badly hit if that's what to look out for.....another rough ride ahead....
Will SGX maintain its support point that it just recover recently???
Most Euro markets plunged more than 100. DJ now down 231. Alamah, Asian would be a black CNY Eve once market opens. Not that bad, I shorted 10 lots and 5 lots of SGX at 10.18 n 10.00 on 2 different on line stock houses lately. SGX to buy in for me after CNY. Thats Rat's yr presence. Cheers.
Tomorrow, shorting is the main play, if your fingers are fast enough.
Elfin is sensible to dump it just before the long LunarNewYear holidays... hehehe...
If the Dow is confirmed down tonight (now already down 84pts), more will be dumping and then dumping...