Others   

STI going down to hit below 1300

Dear Parkings,

Are you short seller/player all the way since last year?

des_khor      ( Date: 27-Feb-2009 10:33) Posted: another MFT here... parkings      ( Date: 24-Feb-2009 23:26) Posted: Hi all,   I hope this is not true.  But from what i calculated and what the report states, it seems that hitting 1300 is possible.

 

another MFT here...

parkings      ( Date: 24-Feb-2009 23:26) Posted: Hi all,   I hope this is not true.  But from what i calculated and what the report states, it seems that hitting 1300 is possible.

 

TA is only a guide and not a crystal ball!!!

mario1      ( Date: 27-Feb-2009 00:38) Posted: There's something I would like to know, I mean eg. this Fibonacci calcuation and some technical terms you guys were talking about,  how accurate is TA in market prediction? Mkt are often irrational and rules by emotion esp now, in this case how accurate is it in the current siutation? Would like to know from those who studied in depth into this esp when parking said "it's pointing toward 1300 and nothing can be done to prevent it", like it's a confirmation..

 

Reading a Gold thread in SJ, if gold really corrects, investors might later plough the money back to equity as it is pretty low now. If that happens ==> start of bull for equity in years to come..LOL

 

There's something I would like to know, I mean eg. this Fibonacci calcuation and some technical terms you guys were talking about,  how accurate is TA in market prediction? Mkt are often irrational and rules by emotion esp now, in this case how accurate is it in the current siutation? Would like to know from those who studied in depth into this esp when parking said "it's pointing toward 1300 and nothing can be done to prevent it", like it's a confirmation..

 

 

Use the Alert Admin on d left, requesting Admin to delete away your post, be polite, give some reason loh..Most important state d date n topic.

Use d same technique if u accidently posted a post which u dun want to broadcast for all. But still got some fishes escape fr d net one.

learningtheropes      ( Date: 26-Feb-2009 22:59) Posted: how did u make all ur bad posts disappear sia? parkings      ( Date: 26-Feb-2009 22:16) Posted: Well, people may not like my post as thus grade it as a bad post.  Honestly, I dont like my post as well.  But the issue is whether I like it or not, based on the Fibonacci calculation, it is pointed towards 1300 and there is nothing that can be done to prevent it.  This is not all lost as at least it tells us that it has not bottom yet and preparation can be made to avoid more losses.

 

Hitting 3100 or 1300 does not matter at all, just trade with care whether bull or bear.

Hulumas      ( Date: 24-Feb-2009 23:41) Posted: Hitting 3100 is also possible too! parkings      ( Date: 24-Feb-2009 23:26) Posted: Hi all,   I hope this is not true.  But from what i calculated and what the report states, it seems that hitting 1300 is possible.

 

how did u make all ur bad posts disappear sia?

parkings      ( Date: 26-Feb-2009 22:16) Posted: Well, people may not like my post as thus grade it as a bad post.  Honestly, I dont like my post as well.  But the issue is whether I like it or not, based on the Fibonacci calculation, it is pointed towards 1300 and there is nothing that can be done to prevent it.  This is not all lost as at least it tells us that it has not bottom yet and preparation can be made to avoid more losses.

 

u  r  right.

 

AK opines that it was not delibrately marked it bad post, just can't take it d short n sharp comments, after 1600 STI will pt to 1300. I think he wanted to see some buffer between.

If say, STI lately had tested below 1600 of 1570( I guess it was on 20 Feb ds mth). Subsequently, if  STI breaks 1570, then d next support pt would be d last yr low of 1472.77.  Stated in today Zaobao. Ha ha, AK modified a bit, to make it more friendly n clearer loh. Cheers.

parkings      ( Date: 26-Feb-2009 22:16) Posted: Well, people may not like my post as thus grade it as a bad post.  Honestly, I dont like my post as well.  But the issue is whether I like it or not, based on the Fibonacci calculation, it is pointed towards 1300 and there is nothing that can be done to prevent it.  This is not all lost as at least it tells us that it has not bottom yet and preparation can be made to avoid more losses.

 

Everything is possible in current economic situation....

 

Well, people may not like my post as thus grade it as a bad post.  Honestly, I dont like my post as well.  But the issue is whether I like it or not, based on the Fibonacci calculation, it is pointed towards 1300 and there is nothing that can be done to prevent it.  This is not all lost as at least it tells us that it has not bottom yet and preparation can be made to avoid more losses.

 

Da jie may be spot on! ... hehehe... 

 

Why is parkings given bad posts?

I also think 1300 is really possible if the current support levels are broken. 

parkings      ( Date: 24-Feb-2009 23:26) Posted: Hi all,   I hope this is not true.  But from what i calculated and what the report states, it seems that hitting 1300 is possible.

 

 

You are right. Words of wisdom. I'm beginning to understand your posts nowadays, albeit a bit philosophical...LOL.
Anyway, thanks. Appreciated your inputs here.

iPunter      ( Date: 25-Feb-2009 10:09) Posted: Of course, in view of the big big falls taht have taken place, a scary rebound  is sure to follow sooner or later... But the question is... sooner or later... If Elvis is right, then of course "it's now or never"... But is this it? Are we jumping the gun in belittling the current underlying situation?  Again, all are just bets !...

 

Of course, in view of the big big falls taht have taken place, a scary rebound  is sure to follow sooner or later...

But the question is... sooner or later...

If Elvis is right, then of course "it's now or never"...

But is this it? Are we jumping the gun in belittling the current underlying situation? 

Again, all are just bets !...

 

If it is true, then a strong rebound is really possible. Look at citi, from 1.8 to 2.6!! I tried to key in last night at 2.13 after a slight retreat, but my broking company did not set my buy limit&%$$#$#, so i could not buy at all!! My 1st time in US market but ended up like that. Will try again when it retreats slightly.

IMHO, i think we are close to the bottom... so any rebound is possible.

richtan      ( Date: 24-Feb-2009 23:29) Posted: Prechter Advises ‘Closing Shorts’ on U.S. Stocks By Sarah Jones Feb. 24 (Bloomberg) -- Elliott Wave International Inc.’s Robert Prechter, who advised shorting U.S. stocks three months before the bear market began, said investors should now end those bets following the recent market sell off. Prechter, chief executive of the market forecasting firm, warned in this month’s ‘Elliott Wave Theorist’ that a rebound in stocks could be “sharp and scary” for anyone who is so-called short. In a short sale, investors borrow stock and agree to sell them at a later date on hopes of capturing profit by replacing the shares after prices fall. “This is an environment of escalating financial chaos,” wrote Prechter who first shot to fame in the 1980s after cautioning investors that stocks would crash two weeks before Black Monday. “Our main job is to keep the money we have. If we exit now, we will do that.” JPMorgan Chase & Co.’s U.S. equity strategist Thomas Lee today issued a “trading buy” recommendation on the Standard & Poor’s 500 Index as the measure yesterday tumbled to a 12-year low at 743.33 points. Lee set a “short-term” target of 800. The S&P 500 has sunk 52 percent since its October 2007 record high as financial firms worldwide notched up $1.1 trillion in credit-related losses and the world’s largest economies fell into the first simultaneous recessions since World War II. In July 2007, Prechter advised shorting U.S. stocks saying “aggressive speculators should return to a fully leveraged short position.” He yesterday recommended investors cover that position. “The market is compressed,” Prechter said in the note published yesterday. “When it finds a bottom and rallies, it will be sharp and scary for anyone who is short. I would rather be early than late parkings      ( Date: 24-Feb-2009 23:26) Posted: Hi all,   I hope this is not true.  But from what i calculated and what the report states, it seems that hitting 1300 is possible.

 

Hitting 3100 is also possible too!

parkings      ( Date: 24-Feb-2009 23:26) Posted: Hi all,   I hope this is not true.  But from what i calculated and what the report states, it seems that hitting 1300 is possible.

 

Prechter Advises ‘Closing Shorts’ on U.S. Stocks

By Sarah Jones

Feb. 24 (Bloomberg) -- Elliott Wave International Inc.’s Robert Prechter, who advised shorting U.S. stocks three months before the bear market began, said investors should now end those bets following the recent market sell off.

Prechter, chief executive of the market forecasting firm, warned in this month’s ‘Elliott Wave Theorist’ that a rebound in stocks could be “sharp and scary” for anyone who is so-called short. In a short sale, investors borrow stock and agree to sell them at a later date on hopes of capturing profit by replacing the shares after prices fall.

“This is an environment of escalating financial chaos,” wrote Prechter who first shot to fame in the 1980s after cautioning investors that stocks would crash two weeks before Black Monday. “Our main job is to keep the money we have. If we exit now, we will do that.”

JPMorgan Chase & Co.’s U.S. equity strategist Thomas Lee today issued a “trading buy” recommendation on the Standard & Poor’s 500 Index as the measure yesterday tumbled to a 12-year low at 743.33 points. Lee set a “short-term” target of 800.

The S&P 500 has sunk 52 percent since its October 2007 record high as financial firms worldwide notched up $1.1 trillion in credit-related losses and the world’s largest economies fell into the first simultaneous recessions since World War II.

In July 2007, Prechter advised shorting U.S. stocks saying “aggressive speculators should return to a fully leveraged short position.” He yesterday recommended investors cover that position.

“The market is compressed,” Prechter said in the note published yesterday. “When it finds a bottom and rallies, it will be sharp and scary for anyone who is short. I would rather be early than late

parkings      ( Date: 24-Feb-2009 23:26) Posted: Hi all,   I hope this is not true.  But from what i calculated and what the report states, it seems that hitting 1300 is possible.