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DOW

No worry,i still have confident in my chart,,,i do not see serious crises...only after the olympic game and Nov election..DYODD...

 

well, some sectors are likely to do alright, and second half of year shd be ok. but property? the internal fund houses directive is to sell props already...

(-_- ")....

 

just personal view, i have this feeling inside me that the BBs of US are doing a fake dip to clear the weak LONGs. nevertheless i cleared my position becoz i have to follow the rules. I hope my feeling is correct.....

 

yah, the financial institutions are getong too big for the fed to control, in fact they can threaten the FED by manipulating the stocks market. next thing is that the problems is so bif that i dun think fed alone can handle. need the govt to intervene with political moves to stop the slide.

there are some ppl outside still think 2008 is a bull year for the property and stocks in spore. hence i really feel sorry if the market turned bad. becareful with what u think and hear from others, dun just listen to them, do your own analysis..

 

Good morning, cashiertan, I like the idea of holding Feb hostage. However not clear what you meant when u said it's "too big for the fed to control"... ? do u mean that it's so big that Fed might not want to do anything afterall? Thanks.

 

Anyway, the dips is by two rumours abt countrywide, 1st there is a rumour that Countrywide is having problem than rumours countrywide is filing for bankrupcy. however the killer is AT&T comment that consumer spending is slowing. this give the final blow with free selling.

 

 

Last 3 days volume for DOW is very high. either Massive acumulation by BBs or massive selling by the BBs , who wanna guess which side to take?

 

However i suspect that in may be a "Hostage" created by financial institution to hold the FED ransom to cut interest rate again. they are getting too big for the fed to control now..

 

look at the bright side, at least the trend is confirmed, better than dunnoe go up or down.

 

Dow falls another 238 points !

Wall Street's terrible Tuesday

Stocks sink for fifth of six sessions in 2008 after jump in consumer credit, AT&T warning add to recession fears. Weak housing news and spiking oil and gold prices also factor.

NEW YORK (CNNMoney.com) -- Stocks tumbled Tuesday, continuing the abysmal start to the new year, as investors eyed a sharp jump in consumer credit and a warning from AT&T about its consumer business - and opted to bail out of a variety of sectors.

The Dow Jones industrial average (INDU) lost 1.9 percent, according to early tallies. The broader S&P 500 (INX) index lost 1.8 percent and the Nasdaq (COMPX) composite lost 2.4 percent.

 

 

DJ tumbles as renewed speculation that Countrywide Financial Corp, the largest U.S. mortgage lender, will declare bankruptcy or have some default action.

 

de current movement is pretty good.. just worry later like yesterday.. dived down while i asleep.. haiz.. cross finger nowadays..

 

i just took a look at DOW chart, there is a possibilities of it forming a Morning star pattern. we need to see this few days how it goes. Technically DOW have not break it uptrend as shown on the weekly chart, till it is broken or bounced off it clearly, i will not take any action or just take intraday position, either way i areadi have plan to trade. With saxo's index CFD, theres much more i can do, be it long or short a market..

 

the last few u-turns near 12800 were mainly propelled prior to anticipation to interest rate cut by FED and fund injection. The next FMOC meeting coming soon, will this help for DOW to stay above 12800 pts?

 

We can all be wrong...

And make no mistake about this... many are wrong many times over when they predict...

But that only goes to show that no one can predict!

There should not be any stigma or glory attached to being right or wrong in one's 'prediction' (ie. bet)...

The underlying fundamental fact remains that no one can predict... 

I hope this is an 'absolute' statement... hehehe...

 

Eh cashier, whatcha mean short when Dow closes below its support. Just for discussion if

Monday we open down 80 points and close -60 with futures -20 , do we short or long ?

Monday open down 80 close -60 with futures up 20, do we still short ?

Cause dow rested on the 12,800 level for 3 times already and it seems to be the support though 3 might be the magical no. to break it. Any insights on weather to long or short on Monday though? Hehe just asking for your charting opinion.

I was also long on Friday but seems like I was wrong, looks like 12,800 seems to be really critical and now is a crucial time either long for rebound or short for more breakdown and it would be hard to guage till US trading time and we'll be too late on Tue

 

i guess we simply had to wait for Bush to work out some package to prevent further damages to the US economy. His position will b in high risk if he didn't work it thru.. since election is end 2008. I m still optimistic at the moment.. but i could b wrong.. since i m not GOD..

 

more to come????

 

especially will accerate by margin call due to last Friday price chasing, cut loss and force selling due to contra trade

 

We will probably see a large sell-down on Singapore markets this Monday. This will always be followed by low trading volumes for the rest of the week because investors will be licking their wounds.

 

any rebound on DOW is temporary, now supported at 12800pts but may not hold due to:

US weak economy, high oil, sub prime

Strong Yen, weak USD, etc...