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I think might be our local investors are sort of getting used to the s**t of the Americans. We need to get on with our lives.
Looking at Dow now is like the Players are really shorting the market badly. They are really pushing Ben to cut Fed rates.
If Ben don't make the call, this will keep going on till it hurt their economy.
sometime this week, I think Thurs, DOW went down but STI still went up. Maybe sg investor are beginning to accept that STI should not necessarily correlate to DOW performance. SG is doing well, why go down? Any comments?
This is very dangerous for stock...
http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/09/05/bcnchina105.xml
So is this...
http://quotes.ino.com/chart/?s=NYBOT_DX&v=s&w=1&t=l&a=2
Finally...the dollar is below..80 support...it is finish....no wonder GOLD soar like an eagle..buy gold now before too late...gold soar this time around mainly becos of economical reason...the safe haven status...if come oct the market crash dow at 11000...gold will be at least 1000 over!!!
Elfi Master, I never dab into warrant (I also dunno how to play). Buying of stock can hold till we die. But warrant got time frame one...so I dun dare to touch. STI 3600 is possible but do not know when...hehehe... While I am writing this, DOW(1:00PM) is trading -170 pts , from -230pts half an hour ago. So TPK, below 100 is possible, can you see a reverse Head&Shoulder on Dow chart?...My take on Monday, STI opens with a BIG jump, then subside in the afternoon. If you long when mky opens and sells in the afternoon, you will be making a loss...hahaha! just joking, ALL HUAT, ALL HUAT!!!
me gona buy low at opening then sell in the afternoon when mart recuperate...btw,pension,keep me informed if u r dreaming abt that lady to9....cheers...hope ever1 huat monday...cheers
TPK,
Viagra...hahaha.
Yeah. Its either up or down. Never hear it goes left or right...kekeke
come monday, I need to practice my shorting skill. Queue all the share you have at lowset bid when the market open.
haha. idesa, if that's the case, consider the STI call warrants for 3600. ;)
tuapekgong, agreed. same mtd, i only go in half so there's always room to 'fan shen'.
dow's dropping; shortists at work as per the funds' call one or two weeks ago already; it's nothing alarming really. pure technical play, pure traders play. not the drop but the volume as well that one looks at, in order to determine short term direction. be careful of sustained drop below 13,200 and then 13,000 tho. the resistance is ~13,400, which the dow has not managed to break.
nites all!
yeah boy.... i do agree wif u,idesa...but i more pessimistic...think will be ard -150 after the sell down,last might be some buying up....cheers
Neah...I think this drop is a fake one from America Investors. They are just trying to presurised the Fed to cut rate. They will find all sort of little excuses to wack on the stock mkt. It has already dropped 200+ pts. I do believe that DOW will close in the -ve but below 100 pts...I have strong feeling that FED will cut rate before 18 Sept. My guess is 50 basis point and on 18 Sept another 50 basis pt. Just my guess. I am monitoring the situation very closely, and woot into the STI before they decide to do the first rate cut. I am a risk taker!
hmmnnn....18july,17aug,18sept....looks like these dates always got blood shedding.....da yi ma also dun cum so accurate....
its normal these days...5 day trading...either 2 day up,3 day down or 3day up,2 day down...thats how they make $.....up,they sell...down they buy....lessons to learn...nvr buy when mart is up no doubt the temptation is there...juz follow the stream and u can nvr be wrong....but whatever u buy,nvr buy till u hv nothing left...always buy on max half yr buying power...thats how i traded and still making $
Quotes from BLG:
"U.S. Stocks Retreat on Payroll Drop; Bear Stearns, Beazer Fall
U.S. stocks tumbled, wiping out this
week's gains, after the first monthly decline in payrolls since
2003 spurred concern the economy is headed into a recession."
one day up, the other day down? why the market cannot be more rational ?
if cut rate down,things may be worst...sentiments may be up for a couple of days then things will be even worst after that cos investors will be even more pessimistic and sell down will once again happen....cutting rate is juz like giving viagra....up for a while only..once the effects gone,will be down again....sory to say....but i feel a real plunge will be needed b4 things can finally pick up....they missed it on 17aug...
Pension,
18th Sept................sound very familar leh.
If i'm not wrong on 18th July, that Black wednesday, the whole global market started to plundge on that very day.
Don't tell me history repeating???
TuaPekGong,
I agree with you, at time writer do have an easy job. Report what need to be reported or create hoax to scare people. But they do have their hard time too. Anyway, i already getting numb with the market.
So as what you had mention. If market good...just sell. If market bad just buy loh.
No point worrying whether the DOW, S&P or Nasdaq are positive or not.
As for the old man................no comment.
Why not get him a new set of dentures. Perhaps he will start talking positive.
What happen !!!!!!!!!!!!!!!!!!!!!!!!!! to the us market, I do not expect such a great drop. I think FED have to act immediately to cut rate before sept 18.
Fairygal,
Gold are bought in ounce
think dow will hit -300 tonite...already -217 juz need another 83points.....gambatte ne!!
