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The game for market like this is as follows:
When overnight market is up or steady
- Hit the counter real hard so that the price move up fast.
- Dun forget we like in gravity, it falls fast as well.
Cycle repeats every day. If market is now, it will be down then it spring back a little. Nowsaday, u have to be nimble and square position on the same day.
Just my trading strategy.
It seems like no strength to advacne further, today. Idea sian, to wait till Fri, TGIF. Cheers.
hmmm...personally think maybe today don't buy la...see later on Thurs & Fri might get it at a cheaper price as the US is waiting for Merill Lynch & Citigroup to report ma...so when ppl have fear for the results...u may be able to get it cheaper
Yup.. dun get in 1st, currently, heavy selling
Aiyo very dangerous to call buy up time. I think it will continue to slide. I think big guys can wait to sell to u.
Seem like profit taking has more of less subsided. Now its buy up time.
yea...its the sentiments ruling nowadays...fundamentals and technicals dun work well recently...its about feelings...adopting the quick-in-quick-out strategy...
hmmm...just an observation of the current STI going down in the afternoon...we might probably be taking cue from HSI because it is down more than 50% after their lunch break
Ya ... ppl nowaday hit and run very fast
The way I look at it, its now profit taking time for those bought earlier because I see a lot of sell down after lunch. Proberly will go up again later when done.
hmmm...actually i m also jux as curious as stupidbear...on why the basis of 40? its a volatile market tt we see it swing from time to time in the day...up past 40 one moment and the next its down...currently seeing it 35points only...
Stupidbear ( Date: 16-Apr-2008 14:24) Posted:
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yea, and CPO didn't go up too.. so will there be a rally for palm oil counters...
why the basis of 40 ?
38.59 liow!
Now STI +37
hope can break 40 ..then Rally time
Unless, STI breaks above 40pts this pm, if not trading will remain quiet. Volumn the misarable 0.6b.
but CPO prices from May - Sep 08 is negative...
hope that afternoon will be good
Chong Chong baby
pple buying up first res at $1, and suppressing GAR at 0.960...
why is that so..? pls enlighten me. =)
Avg trading price is .962 now. Biggest volume buy up price was .965.
May I know mostly at what price?