Post Reply
3981-4000 of 4131
My agar agar sense tells me that SGX may correct next week because the Dow fell like a dead pigeon last friday.
It may be true that the stock market is a leading indicator for the economy... 
Singaporegal...
Like they say...
"Don't reason... Just get in for the ride"...
Just curious... do you FA people think that SGX is overvalued?
This counter ran up $3 within the space of 1 month.
TSE has bought a 4.99% stake in SGX.
The Tokyo Stock Exchange said on Friday it spent about 37.4 billion yen (US$304 million) to buy a 4.99% in SGX.
To catch up with other global bourses, the TSE has been mulling alliances and acquisitions.
The agreement will license Tokyo's TOPIX-related indices to SGX to create derivatives and ETF products for trading in Singapore, the TSE said in a press release.
The 2 bourses may also create a trading and clearing link for both derivatives markets with an initial focus on Japanese government bonds and TOPIX products, TSE said.
Okay... no hard feelings... :)
(Hope you will continue to read my posts)
Of course! Agree!
Not angry... but somewhat disappointed, though...
Discussion must be centered on the content rather than the feelings...
Wah... you sound angry!
No sarcasm lah..... honest ....
!!!!As an illustration, if a TA indicator (for example the SMA) tells us a trend is changed or reversed, it is only after the prices have reversed quite a lot that the SMA begins to show it, the longer the period used the slower it will 'respond'.
This is what is meant by the term "lagging"..
I hope you will brush up on some basic TA principles before you utter your sarcasms.
What sarcasm??
I hold you in high regard leh....
That's a personal sarcasm...
why not put forward something a bit more intellectual and objective than that?
Wah... I guess your style of TA must transcend everyone else's style .....
I'm sure you can tell "tommorow's news today"
In view of Singaporegal's post below...
It would seem that TA indicators could not point the way even for a high-volume stock like SGX.
In my view, many TA indicators people use are
"telling us yesterdays news today, for us to act tomorrow",
In other words, the indicators are lagging...
Of not much use unless one wants a to lose money quickly... :(
It rose to an all-time high of $9.10 on speculation that the bourse operator was a possible acquisition target, said dealers.
Traders said the stock has been buoyed by persistent market talk that a rival bourse would buy a stake in it. SGX has risen about 18% in the last 30 days on similar rumours.
SGX last week denied that it was in any negotiations discloseable under listing rules, but maintained that it remained "open to opportunities for collaborations with like-minded exchanges."
Record trading volume and value are supporting its price. Also, it has increased its product range. For example, It has launced the JADE palm oil futures and other covered warrants.
SGX is hitting resistance at 7.45-7.50. Its been at the same level for nearly a month, but the long term trend is still in place, so there should be a breakout soon. MACD, RSI and AD are still very flat. SGX is also forming and ascending triangle. All this points to a breakout soon.
TA charts for SGX doesn't look too bullish for the moment....
For both ht at $7.45 on 11/04 and 27/04, AD is lower on 27/04 is a concern. OBV is also lower on 27/04. All other charts such as RSI, MACD, etc are also a concern. Only Chaikin is Ok.
Seems to have resumed its uptrend