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for those who wish to hear some new and happy tidings, wait for the total eclipse of the new moon and the coming of the full moon......
until then, bear with the waves after waves of bad tidings . If you are feeling depressed by such drowning waves, I suggest u logoff from SJ for a month at least until the seventh moon is replaced by the august moon...
This present crisis has some similaraty with the pan el crisis where the buyers and sellers defaulted causing the brokerage firms to go under.
A life boat by the banks had to be created after a market shutdown.
How ever this time it is on a global scale and god knows what kind of life boat has to be created to save the day since the banks are already a casualty because they hold exotic
derivatives to boost their profits.
Has any one in this forum know of a solution?
Ozone2002... :)
You are on the right track...
Pure chartists believe that all news has been distilled in the charts.
Fundamentalists are a different breed.
Of course there are many in between .
Buyers sre on strike from the catastrophic loss due to the compression of ABC waves-hardly any B wave of significance
thks Harryp, will continue to hold and pray hard for the sky to clear (何日bull 再来??...）
newmoon: 3300 has been breached so the next line of defense should logically be 3200
harryp: the selldown may not be by long term investors. most likely are contra shortist or those on margin lend. long term investors should see this as opportunity to buy as and when they deem the price is right to them. look at SGX announcement, BB are snapping up undervalued stock. InterRoller has been accumulated by Winmark Investment who use to sell around 1.10+ and now they are buying in at 0.80+. in general BBs are still playing on selected stocks.
First chart support 3250----3200.....3100......3000------2800.
Julybabe,
Relax lah.
Believed this victory to the Bears is only temporary as the sell down is mainly based on sentiment and bad news coming out from Ang Moh land. Ang Moh's maket is short of buyers now - no money to buy shares. Our Singapore economy is rock solid but we have kiasu people with big heart and small gal-bladder (sim tua tar soi). Thats how we have a blood rain here.
If the stocks are fundamentally sound, would recommend holding and don't panic sell at present ridiculous price.
short the blue chips now.. europe should open lower then buy back even lower..
depress the market! can't beat em ..join em..
I have lost more than 50% of my portfolio value..heartache, sleepless nights...
but for some stocks with good fundamentals the sell down is not so drastic cuz I have been queueing for quite sometime still cannot get. i believe the blue chip stocks comprises of the STI are the ones that are being sell down. one day green one day red etc etc trend is making contra and shortist very wary of their trade. to be on the safe side i tink shortist are more common than contra in this period. but the fact that there are green indicates shortist are also losing monies also. it is not a guaranteed eat win for shortist in the SGX market even in this bearish condition :)
wonder why nickyng neber post his wins in here leh. btw how come no one dare to short Cityspring below IPO price leh?
this will go on for sometime,market up or market down, nothing stable as yet.
It is raining blood. Bulls have lost the war. Victory to the Bears.
Humpty Dumpty sat on the wall.
Humpty Dumpty had a great fall
All the king 's horses (Central Banks)
And all the King's men(Bernanke and Trichet )
Could not put Humpty Dumpty .
Together again
I agree that the bear market has started. The US Subprime woes will continue because no one knows what is the full impact yet. Many of these hedge funds will freeze many investors from cashing out. There are many cross links from which fund to which fund that no one has any idea what is going on.
Let's wait for the financial houses to work out the full extent of the financial woes in the coming few months. Until then, it is sell down time. Just wait patiently on the side line for more negative sentiments to flow in. Opportunities are aplenty if you hold cash now.
Implication on Stock market by Fed and Central banks - In the past, it has shown that the intervention by central banks have not helped in situations like this structural and financial flaws in the global financial system. It will some years to clean up these mess.
Today15/08/07 is the last day to demand your money back from the hedge funds.
Investors scarred by the massive losses may find that the funds have frozen their investment leading to further panic.This is a run on hedge funds instead of banks which will eventually be hit.Most banks don't even know which derivative is linked to what.
Banks are not lending to one another as they have no idea who is holding what.
Good luck to the perpetual bulls and so much for the golden years.
By the way bear markets start when everything looks rosy just as bull markets start when everything is bleak .
Based on TA, the downtrend should have started at least 2 ~ 3 months back.
But its still very bullish during that time.
So its very hard to 100% convience that the current selldown is solely because of the cycle, and not bcos of the global reaction to sub-prime.
I think its just the coincident that both happen together.
The biggest boom followed by the biggest bear.
Both the dow and the S&P have broken through the 200 day moving average.
Talking the markets up is a waste of time as the problem is structural and due to an economic expansion based on debt
All the world charts except Shanghai are starting wave C.
Sell unless you have a 4.2 year hold strategy.
Oversold becomes more oversold in a bear market .
If not for central bank intervention wave C would have occurred earlier .Central banks have intervenened before but to no avail.
Ha ha.... Toh Tau Peng Ah.... Ha ha ha... maipenrai na!
haha. harryp, agree with the second conclusion but not the first.
if you look at your charts, techs have been showing the downtrend since more than 3 weeks ago, from the time of the first drop already. just that ppl refused to believe it.
if it's intra day period you're talking about, then it's intraday techs you need to look at.
when one uses TA, need to make sure the parameters fit the tools selected. most of the time, ppl say techs are hocus pocus. but that's either because they choose not to believe their techs, or they chose the wrong tools.
techs showed downtrend for this period of time. that's indisputable.
must say tho, some of the pennies appear to have bottomed out. its the blues that aren't done dropping yet.