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Sometimes, the market can astound you. :)
What goes up must come down right? The higher it climb the heavily it fall right?
hit another hundred's milestone.
be ware of centenarian effect.
Try to sell of the remaining few counters within this week and wait for the correction to come.Tks for the reminder.
Indeed a cautious period NOW since December is a traditionally quiet month .... Didn't expect STI to cross over 2,900 mark today! Global market has cheong since September - a really lengthy rally this.
For those who bought in during this rally, be real alert!
For those who bought in after the May's correction, but before this rally - you still have the cushion & safety to see uncharted water without running aground so fast.
Trade with care ya!
Yupz double confirmed. the channel bottom is 2750-2800 also i suspect STI is in Wave 5 formation... when completes wave5, STI will dip by at least 500 points. may be even worst than may's correction..
If STI dips big, there's also no cause to panic, unless there's reason to be scared. I say 'dip' and not 'fall' or 'free-fall', which is bad 'news' coz if there's a big fall, all the chart readers will sit up and their main thought will be to sell.
As a contrarian, i suggest u guys be careful coz it dip, to rch the bottom of ths channel, STI can dip by 70-150+ points.
STI tomolo may correct deep deep coz STI at 2900 means it is hitting the Top of the Channel which started since july.. if it breaks that channel.. than sti will raise faster and steeper but will dip heavily but the end of this month..
Billywow: You hit the jackpot, man! Did you buy STI EFT early in the morning ? Also did you predict that it will cross the 2900 mark?
"Surely another new record high to be set for STI today - with US market rally last nite (especially techs). And with our higher S'pore PMI data at 54.60 as released yesterday (today's paper last page)! Shiok for tech counters!" Billywow
Billywow: You hit the jackpot, man! Did you buy STI EFT early in the morning ? Also did you predict that it will cross the 2900 mark?
"Surely another new record high to be set for STI today - with US market rally last nite (especially techs). And with our higher S'pore PMI data at 54.60 as released yesterday (today's paper last page)! Shiok for tech counters!" Billywow
2% up, 51pts.
very bullish, follow the trend can get some lunch money. : )
STI as of now. IF i take away those speculative stocks due to IR, I can take easily 1 billions off the 1.7 billions volume as of now. which means.. the markets is very actively played by the Kiddy retail players..
Add: Properties are also earth related. REITs and HKland, UIC etc included
OH yes. 2007 is the yr of fire. Good for Fire, earth and wood related stocks and earth related. However Earth related will be better industries.
MAybe that explain the rise of counstruction stocks.
My suggestion is buy wood, fire and earth related counters for safer bets..
Earth is oil, construction, agriculture
Wood is engineering
Fire is communication, media and investments
ten4one,
You are right. Some funds only go for, or are predominantly in, component stocks. :)
You are right. Some funds only go for, or are predominantly in, component stocks. :)
only penny is really moving this morn. i dun feel good. the big boys seem to be quite. reminds me on May correction. something like that. only penny stocks moved.
ten4one,
You are right. Some funds only go for, or are predominantly in, component stocks. :)
You are right. Some funds only go for, or are predominantly in, component stocks. :)
the volume suddenly dip alot.. fishy
Initially the affacted conters will have some effects (+ve/-ve) due to the re-rating. Funds will dump or adjust or add new ones to their portfolio in line with the index. cheers!