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Listen to ah sohs advise is also good. There are so many theories out there... All are trying to find truth, I am not saying newmoon's theory is lesser than aunties or school girls gossips. Some times auntie pray for Twa peh kong using the yarrow stalks also very accurate, or even you can try palmistry ask the feng shui master for advise is also advisable. Now this is all time best post!
Dear Zhuge_Liang,
Would not be surprised to see Shang Hai, composite index over taken Taiwan index!!!
Nicky? Hah! Nick gets dick!
market is not perfect and rational (though it may be efficient in the long term)...it is just like the moon which is not perfect...sometime half moon, sometime full moon...but if you are a wise man and is able to know when it is a full moon and when it is a half moon, you will be in control...good luck :)
I unreservedly vote this the all-time best post in the forum... :
Markets are not for rational people .
Some use the moon phase as an indicator others use pi (Armstrong)
Sometimes I use the parrot indicator-so far it is working well having indicated a low for S&P on 28/03/07
lagging indicators etc. are useful after the event is over.They look so beautiful and logical in retrospect.Close the right side of any chart near the turning points and test yourself whether the next move is up or down-result 50/50.
What you want to know is where the market tops and bottoms are.
In between your guess is as good as anybody else.
If you understand Anicca (impermanence in buddhist philosophy)- there is no permanent holy grail.
market close at 3228...you think it is coincidence??? better wake up and not in self denial as "PARKING" in place for US market tonight...once break above, will re-touch the high before 16th April...good luck and not for contra
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nice to see the last third waves down (normal 3 waves down before bottoming with each wave smaller ripple for mid-term) for index while still remaining around 3193 (3228 as the pivot point for mid-term uptrend to remain intact)...think the uptrend is still intact and advise buy on dip for good counters esp. property, oil and chip stocks..good luck and not for contra
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"irrational exuberance" that's what Alan Greenspan would say about Shanghai composite. *sigh* abt STI for not having it's own 'backbone'.
The market usually doesn't fall when there's pessimism... it rises...
Rather, it seems to fall when the widespread optimism is rife.
But even that is not true! Such trickery!
well, remember, DOW drops 96 points last day!
Tonight's (and tomorrow's) Dow will be telling...
Most of the Asia markets close positive 2day, hope STI can also close at a positive note too.
Sell the rallies -market top has been seen 27/2/07
Did you notice? Shanghai Composite has now overtaken STI! It was slightly less than 1000 two years ago.
ha ha, yes buyers of STI and HSI puts in the last 2-3 weeks or so ... all comatose
still so many bearish pundits out there and instilling fear but reagrdless of trend, the savvy traders know what to do ...fear and emotions get you nowhere
the markets are indeed full of surprises and suddenly we have experts on subprime mortgagaes, inflation, yen carry trades but these have been there for the last 2-3 years and if so the markets won't collapse and only till all let down their guards may we see adjustments and today being last trading for futures and with futures settlements tomolo today's STI performance was no surprise at all
geopolitical tensions always exist and markets will price these in and exact a premium and will be reflected in the VIX or volatility.... as they balance their risks and make risk averse moves to protect profits but the crux of the matter is that there is still abundant liquidity out there and what really has changed is the constant, the US economy, which is slowing but more importantly ..do we have a goldilocks scenario and i will worry only when that is not evident
till we see undue euphoria need we worry .... and the stongest indicator will be when you see bearish posts diminish and use this as a contrarian signal
happy trading and profit making and congrats to those who took out their gall bladders and bought
TA shows positive signs for STI at least for the short term and do not understand why still got people expect a bloody day ahead for today???
seems the oil-related and tech stock performs better than property today :)...STI still in buying mode...good luck and not for contra (think it is safe for STI for next two weeks and will be careful only somewhere near 16th April based on ???)
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nice to see the last third waves down (normal 3 waves down before bottoming with each wave smaller ripple for mid-term) for index while still remaining around 3193 (3228 as the pivot point for mid-term uptrend to remain intact)...think the uptrend is still intact and advise buy on dip for good counters esp. property, oil and chip stocks..good luck and not for contra
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Most Asian markets are recovering. There's a good chance that the STI may end up +ve today.
Nicky must be quietly rubbing his hands in gleeful anticipation... :)
another bloody day ahead! good for nickyng - our resident shortist!
