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Hi elidor,
Haha.. its not astrology lah. The charts are just numerical representations of market sentiment. They are pure math and have no divine interpretations at all.
I believe that if you can hold on to SGX, you will definately benefit in the long run. I just thought that with the current dip in price, its definately time to buy in. $13.30 is still a reasonable price to buy in consider that its peak was $17.1 just about a month back.
Any idea if SGX will move?
I think it is not so bad. Take a look at business news at reuters.com, people in US are starting to do bargain hunting where many stocks are oversold and they believe that prices had reached solid bottom and no way for it to go any further down. With injects of fresh money into the market, I think recovery is just around the corner.
Bears are fully in-charge of this counter now unless the Bulls are fully committed to dump in plenty of money to shore it up. Whinging Bulls won't make money for Bulls. Only money talk loudest in the Market. So stop whinging and pour in money where the mouth is to show one's conviction.
Hard luck for the Bulls so far this month. Sometimes, one need to play the Bear game too like a buttered bread on both sides.
Uncle Dow up 66.47,really has to pray pray for those counter that is stuck for sometime..with few days down and 1 to 2 days up.really need to be more holy indeed...recently i got 2 opinions, one say it is 3rd wave of elliote??[something], one say it is the 1st wave.,anybody care to share your view..
Singaporegal, just thought that your talks about signs and charts remind me of talks from an astrologer. I get the impression that the stock market is almost like a religion.
Okie, let me rephrase, do anyone think buying PUT covered warrant on this counter will bear fruits since the price has fall quite drastic from $17 to $13 plus..... some more downside????
Anyway, seems like and appears rather weak market sentiment recently.
Got chance......
Singaporegal, sorry to jump ahead of you , just because I am awake reading this post.
hello winsontkl, I remember Singaporegal always answered that she does not use support level. If you are interested in this topic, perhaps you may find OCBC's Carmen Lee, head of research's article useful. Below is the link
http://www.remisiers.org/research//Technical%20Analysis%20-%20Straits%20Times%20Index%20-%20071115%20-%20OIR.pdf
Singaporegal, in your opinion, care to advise where is the support level for the short term???
Thanks in advance.
Look at the volume and value traded. Only some counter can grab some return.I'v lost almost 40k in a day during july when construction tax was imposed, there is always a turn of event when not cautious.Trading is getting more difficult for novice like us
Still too early to talk about upside. TA charts have not changed much.
More upside???
As I said before, though now Wall Street got 169 gain, but don't be optimistic and buy in. Just wait for another week or so to see the situation. There is no point to go in at this moment to earn coffee money. Just to save some money to buy high blood pressure tablets. Cheers.
Time for rebound????
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* Alert Admin |
My advice is to get out of the Stock Market to ease your BP at such stock volatile situation. I unloaded most of my counters yesterday, posting lost of 5 figuresS$. |
Sorry to hear you lost money. Don't give up. Fight to gain it back X 3. If buy and hold fails, then short might work this month. Good luck.
No change in TA signals. Still bearish looking.
My advice is to get out of the Stock Market to ease your BP at such stock volatile situation. I unloaded most of my counters yesterday, posting lost of 5 figuresS$.
BTW, though SPC is declining quite a substantail amount, but pse be careful, don't touch it unless it falls below $7.00 and the Global Market is stabalised.
This counter seems to thrive on rumours...
SINGAPORE (Dow Jones)--Singapore Exchange Limited, or SGX, said Friday it has agreed with the Chicago Mercantile Exchange to buy CME's stake in Singapore's Joint Asian derivatives Exchange. SGX said it will buy CME's 50% stake in Jade for S$1.135 million and the transfer is expected to be complete by mid-November.
Might chiong once mkt conditions improve...feel there's still some resistance of letting this counter px fall too much...(Based on me looking at the screen everyday all the time...)
This counter is really amazing.
When it was $2.00, many people feel it was expensive and whisper "SELL". Then it went onto $5.00 and the whisper became a litter louder "SELL". Then it went onto $8.00 and people shouted " Wait a minute, this counter is "CHEAP" if you compare it to HKSE plus it is a potential takeover target". Then the crowds all screamed "BUY BUY", and the rest is history.
Well, it don't always repeat that way. Situations can change. Just that this counter has been really amazing in the last 2 and half years.
Those who are very confident that it has seen the better part of its days can try their luck to short this counter or buy put on it. Good luck to you all.
