Straits Times Index   

STI

Uncle AK, when did GentInt become blue hah?

 

Good thinking siah. Since May, AK had unloaded few heavy blue stuff, ie Kepland, KepCorp,  SingTel, SGX, GentInt, (Yongnam), SIA, UOB.

Ha ha, still holding few SGX n SPC for tech short game for this rull n dull period. Other few ah, need to tan ku ku liao.

wb1931      ( Date: 24-Oct-2008 09:42) Posted: Looking at the global macro picture and realistically, it would be best to sell at least for now. AK_Francis      ( Date: 24-Oct-2008 00:50) Posted: verdit, sell or buy??

 

STI 1600+ JOURNEY STARTS!

 

Looking at the global macro picture and realistically, it would be best to sell at least for now.

AK_Francis      ( Date: 24-Oct-2008 00:50) Posted: verdit, sell or buy??? wb1931      ( Date: 24-Oct-2008 00:38) Posted: While the market may be looking for an excuse to rally due to long period of edging down, do not forget that the Dow is still within 30+% of its high. It may need to trace as much as 50+% or more judging by the size of the crisis which have spread globally. One has only to look to the most recent bailout short rally to decide if it is worthwhile trying to catch it again.

 

Low volume, less than 100m. Waiting for HSI to open?

 

Nikkei is down 3% now! Oh no...

 

confirm will see 16xx, small chance 15xx soon.

If lucky can see next week. 

 

verdit, sell or buy???

wb1931      ( Date: 24-Oct-2008 00:38) Posted: While the market may be looking for an excuse to rally due to long period of edging down, do not forget that the Dow is still within 30+% of its high. It may need to trace as much as 50+% or more judging by the size of the crisis which have spread globally. One has only to look to the most recent bailout short rally to decide if it is worthwhile trying to catch it again.

 

While the market may be looking for an excuse to rally due to long period of edging down, do not forget that the Dow is still within 30+% of its high. It may need to trace as much as 50+% or more judging by the size of the crisis which have spread globally. One has only to look to the most recent bailout short rally to decide if it is worthwhile trying to catch it again.

 

If anyone is seriously looking for speculative bet.. now is the time to buy before november.. A big rally is coming due to optimisism in USA election, Christmas celebration spending, 2nd Stimulus package getting some effect.., and low confidence "TEMPERORY" wipe out in the States as well as Europe.. But bare in mind record low will hit again once more either in mid of december earliest or right after new year.

 

Hi singaporegal,

     Now it's already Oct, in your assessment, have the market hit it's bottom, or must wait till end of the month?

     Read from some articles that current stage is still like somewhere in the middle (the period whereby companies are reporting lower earning etc), and the next stage is recession liao... which many governments have hinted/highlighted/caution is round the corner... If so, then does it mean the market will continue to lower?

    Any insights/analysis?

singaporegal      ( Date: 23-Sep-2008 22:40) Posted: Hi, Actually it is a rule of thumb. I looked at the slope of the STI and I draw a simple straight line and it hits sometime in October. It may or may not be accurate. cyjjerry85      ( Date: 22-Sep-2008 13:12) Posted: hi singaporegal...i agree with you that the next support is in the region of 2250 too based on the charts...however i m curious how u derive that the crucial period is in October? how u get the date? thanks`

 

many ppl dont' believe you because they believe it will breach below 1800...

 

har?? ok...so how shall u be rewarded ??? :D come on.....i predict by year end STI will hit 1500 !! :D

remisier      ( Date: 23-Oct-2008 12:16) Posted: In early Sept I posted my STI chart with target 1800 and most people won't believe it. And today it already crossed below the level.

 

In early Sept I posted my STI chart with target 1800 and most people won't believe it.
And today it already crossed below the level.

 

Hi,

Actually it is a rule of thumb. I looked at the slope of the STI and I draw a simple straight line and it hits sometime in October. It may or may not be accurate.

cyjjerry85      ( Date: 22-Sep-2008 13:12) Posted: hi singaporegal...i agree with you that the next support is in the region of 2250 too based on the charts...however i m curious how u derive that the crucial period is in October? how u get the date? thanks` singaporegal      ( Date: 17-Sep-2008 07:34) Posted: I used a shorter term time frame (weekly) to do the Fibonacci retracement for the STI. The next support level  is around 2250. Looking at the slope of the graph, the crucial period will be in October where it will determine if the markets have reached a bottom or not.

 

hi singaporegal...i agree with you that the next support is in the region of 2250 too based on the charts...however i m curious how u derive that the crucial period is in October? how u get the date?

thanks`

singaporegal      ( Date: 17-Sep-2008 07:34) Posted: I used a shorter term time frame (weekly) to do the Fibonacci retracement for the STI. The next support level  is around 2250. Looking at the slope of the graph, the crucial period will be in October where it will determine if the markets have reached a bottom or not.

 

Bailout a turning point?

Technically the perspective of bear market has not yet changed and STI is just making a rebound from the 1st downside target but with all these measures we’ve to reasses the potential of bottoming.
The rebound was the strongest I’ve ever seen in investment experience, practically caused by the news of $700 billion US government rescue package, The SEC and UK financial regulators have both banned short selling of financial shares and China government pledge to shore up stock market in which allowing China Investment Corp by buying up the market.

Instead of panic selling which was too common in recent days, we saw panic buying over past 2 days. Panic buying is common when too many short positions available in the market in which cause the short covering.

This potential rebound in STI might find the resistance around 2800 level and it might be trading within the range between 2300 and 2800 for the next few months. Certainly it’s wise to reasses the market condition at later stage instead of assuming that the current bear trend has ended.

 

I used a shorter term time frame (weekly) to do the Fibonacci retracement for the STI.

The next support level  is around 2250. Looking at the slope of the graph, the crucial period will be in October where it will determine if the markets have reached a bottom or not.

 

Buy lah... 1800 is just a theoretical support from charting method only. If wait and not crystalised, might miss it. Must as well use some fuzzy logic theory. About here, buy. About there, sell.

Or use engineering control theories, P, PI or PID. I think they are better methods in actuating on market conditions. Charting tends to give absolute answers which in the first place, the market is not absolute. So charting is just guideline only.

 

remisier      ( Date: 15-Sep-2008 12:50) Posted: I see some bullish analysts. Just read the Edge magazine where Citi analysts predict S&P500 to break new high by December.

 

I see some bullish analysts.

Just read the Edge magazine where Citi analysts predict S&P500 to break new high by December.