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I guess no major flunctuations this week...next monday is US labour day.
Everyone wanna to enjoy this week.
Probably after 1st sept...next week or so....after wed...will see more "actions".
Investors will leaning heavily on tonight few major economic reports.
Again, DOW will dipped.
Good luck.
Hi Pinnacle,
I think i will follow the "no news mean good news" approach.. Shldn't expect any major annoucement from US side tonight, and base on past few weeks trend.. should see Dow up marginally tonight if no major negative news... but not much gain as i would agree with u that there should be quite a fair bit of profit taking just before the Mkt closed..
Rgds,
ttman
Tonight will be profit taking and then stay sideline, awaiting for Fed summary report on Friday before more action in the market.
What do you reckon?
Will Dow maintains its momentum tonight? What ur take... anyone.
Rgds,
ttman
QUOTES:
Market Overview
| Market Diaries |
 |
| Issues: |
NYSE |
Nasdaq |
|
|
| Advancing |
2,850 |
2,299 |
|
|
| Declining |
466 |
679 |
|
|
| Unchanged |
69 |
128 |
|
|
| Total: |
3,385 |
3,106 |
|
|
| Issues at: |
|
|
| 52-Week High |
15 |
17 |
|
|
| 52-Week Low |
21 |
26 |
|
|
| Volume: |
|
|
| Advancing |
1,268,372,000 |
1,481,881,000 |
|
|
| Declining |
61,178,000 |
163,206,000 |
|
|
| Unchanged |
1,735,000 |
23,861,000 |
|
|
| Total: |
1,331,285,000 |
1,668,948,000 |
|
|
8/29/2007 7:59:00 PM |
|
|
|
|
The Dow Chart tells the whole story...
Click to See
A letter from Federal Reserve Chairman Ben Bernanke, in
which he said the Fed was "prepared to act as needed" to ensure
credit market troubles do not adversely affect the economy,
added to investor speculation for a much hoped-for interest
rate cut.
Every time an assurance from the Fed...there will be calmness and people will buy...
opps...guess i spoke too early....DOW currently recovering what it had lost on the previous day...up 200+ points...
Up goes the DOW...but the increase at the moment doesn't eclipse the drop yesterday leh...now up 100+...just a day ago drop 200+
Most of us are just waiting for the BIG DROP.....
so
we can pick up good counters at a cheapo price.
If there is no selling, then no lobang, no cheapo price to pick.
wah Mani u are a real Bear now...can't wait to get the heated frog, cooked so that u can have tianji to go down with your wujiapi..:)
No use telling "heated frogs" to sell on rallies...
Because they are unable to conceive of a long bear market...
to them, falls, no matter how serious, are "just corrections"... 
just rebounce only,,,,,,,BEFORE 1HOUR CLOSING ALOT FORCE SELLING AND PROGRAMME SELLING WILL KICK IN,13000 IF BREAK THRU ,,,,,,,,,,HEAVY SELL DOWN AKANG DATANG,,,,,,JUST LOKE TODAY CHIP ENG SENG , YN,LC DEVT,CSC,ALL CON BY BB,THEY CARRY TIS BABY WAITING TO THRU BUT TOO BAD MARKET WORST SO RHET JUST CRAZY PUSH UP ,,,TIME IS RUNNING OUT,,,, SO YHEY ANY HOW DUMP IF BEAR BEAR SECOND WAVE COMING.......AT LEAST NOW DIE HARD STILL THERE,,,,,,YOU CAN SEE ALOT SUPPORTOR AT SHAREINVESTOR AND CANNEL NEWS ASIA....ALL VERY HAPPY AND CHEER BUT DUN KNOW BEAR BEAR COMING MAY BR TONITE AT 130000 LEVEL AT DOW JONES ..............IM 100% CASH .......AT LEAST NOW IS MY LAST WARNING.....IM TOTALLY OFF LINE FROM TODAY,,,,,,,,TOMMOROW START MISSING,,,,,,,SEE YOU WHEN BEAR BEAR IS PASSING ..........BYE.......'''''''/'''''''''SOS
Just purely bargain buy now..
Its a mirage and this is not going to last...
NEW YORK (Reuters) - Stocks rebounded at the market open on Wednesday, helped by a pullback in the yen and a search for beaten-down shares, a day after Wall Street suffered its worst slide in three weeks.
The Dow Jones industrial average was up 88.28 points, or 0.68 percent, at 13,130.13. The Standard & Poor's 500 Index (.SPX:
Quote,
Profile,
Research) was up 9.31 points, or 0.65 percent, at 1,441.67. The Nasdaq Composite Index (.IXIC:
Quote,
Profile,
Research) was up 20.29 points, or 0.81 percent, at 2,520.93.
sell on strength. the rally has no volume.. tomolo sell when the sti up
Dow up 80 points now
Today is 100% a whiplash effect due to shortists/hedge funds
Lesson to all Spore investors is don;t sell, those who panic will suffer loss
Shortist looks for such assume downturn to press down prices, epecially full time pros.
Their time is almost up already as mkt stabilise by the day
See "7 time tested rules "
7. Practice patience It never was my thinking that made the big money for me. It was always my sitting. Got that? My sitting tight! --Edwin Lefevre
Yup, downward spiral.
Sentiments down,
Charts down,
Credit supply down,
Interest coming down,
Long Term CPF Special Account & Medisave also down (peg to the long term bonds rate 2.8%),
The only thing up is the draw age from 62-65. Aiyo.
So far, no impact of US Sub prime on insurance company. I find it hard to believe.
Sorry I have digressed.
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