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At present levels, the US dollar is already struggling to hold. I don't think a rate cut is a good move as it will accelerate the decline in the US dollar. If the dollar crashes, it may not be the red sea drowning the market. It could be a red Tsunami...
Damn sian leh... most of my counters are in the red. If this week is another bloody week, I may have lost up to 50% of my investment.
The DOW though face the subprime woe, it should not be neglected that through out these periods many in U.S have shorted the market taking this opportunity. Some of the stocks has been oversold subtaintially and I reckon next week though voilatility will exist, the stock market will see some kind of rally within monday or tuesday.
SG Market will as usual be tamed on monday and follow the flow.
Just my own opinion.
Dow DOWN 100 points now....
haha, unfortunately, pinnacle, it only works the downward way. upwards is equal ratio. anw, glad to be proven wrong today. but watch for monday. cos the trend is clearly downward. monday's T+5, if dow drops major tonight, it's bloodbath time on mon.
good luck, all.
If only STI can rise 3x DJI in % terms, everybody here will be new riches.
If STI ends at 3328 today, that will not be too bad.
Yes Elfin, I have noticed that STI (Sporean are more Kiasi) dropped 3x DJI in % terms.
Too busy to work out accurately.
eh nickyng, you're skewing the page view leh....
anyhow, sporeguy:
perhaps a clearer pic is to use the long term 1 mth view, and count via % drop and ratio? it's not that the sti is more bearish than the dow. it's proportional via mathematics:
i've previously did the count the way you did, and what i found was that for every 1% that dow drops, sti drops 3% correspondingly.
So for the mth's view, dow dropped ~2.78% from 9 jul to yest. => sti will likely drop x3, ie, 8.34% by today.
So the drop is 8.34% of 3626.72, ie, 302 pts. A lot of shortists (nickyng can testify hehe), so give 10% more, since that's approx what they swing it by. ie, 10% of 302. so the drop today shd take us to abt 3294.05.
note to all: just theoretical mathematics here. pls don't panic/treat it as a buy/sell call.
|
Date
|
DJI
|
Changes
|
% Change
|
STI
|
Changes
|
% Change
|
|
9-Aug-07
|
13,270.68
|
-387.18
|
-2.8
|
|
|
|
|
8-Aug-07
|
13,657.86
|
153.56
|
1.1
|
3,413.17
|
111.16
|
3.4
|
|
7-Aug-07
|
13,504.30
|
35.52
|
0.3
|
3,302.01
|
-6.98
|
-0.2
|
|
6-Aug-07
|
13,468.78
|
286.87
|
2.2
|
3,308.99
|
-127.05
|
-3.7
|
|
3-Aug-07
|
13,181.91
|
-281.42
|
-2.1
|
3,436.04
|
0.58
|
0.0
|
|
2-Aug-07
|
13,463.33
|
100.96
|
0.8
|
3,435.46
|
3.75
|
0.1
|
|
1-Aug-07
|
13,362.37
|
150.38
|
1.1
|
3,431.71
|
-115.95
|
-3.3
|
|
31-Jul-07
|
13,211.99
|
-146.32
|
-1.1
|
3,547.66
|
21.37
|
0.6
|
|
30-Jul-07
|
13,358.31
|
92.84
|
0.7
|
3,526.29
|
33.59
|
1.0
|
|
27-Jul-07
|
13,265.47
|
-208.10
|
-1.5
|
3,492.70
|
-87.03
|
-2.4
|
|
26-Jul-07
|
13,473.57
|
-312.22
|
-2.3
|
3,579.73
|
-53.81
|
-1.5
|
|
25-Jul-07
|
13,785.79
|
68.84
|
0.5
|
3,633.54
|
-31.59
|
-0.9
|
|
24-Jul-07
|
13,716.95
|
-226.47
|
-1.6
|
3,665.13
|
29.78
|
0.8
|
|
23-Jul-07
|
13,943.42
|
92.34
|
0.7
|
3,635.35
|
-16.03
|
-0.4
|
|
20-Jul-07
|
13,851.08
|
-149.33
|
-1.1
|
3,651.38
|
46.76
|
1.3
|
|
19-Jul-07
|
14,000.41
|
82.19
|
0.6
|
3,604.62
|
20.65
|
0.6
|
|
18-Jul-07
|
13,918.22
|
-53.33
|
-0.4
|
3,583.97
|
-67.08
|
-1.8
|
|
17-Jul-07
|
13,971.55
|
20.57
|
0.1
|
3,651.05
|
-2.18
|
-0.1
|
|
16-Jul-07
|
13,950.98
|
43.73
|
0.3
|
3,653.23
|
-1.38
|
0.0
|
|
13-Jul-07
|
13,907.25
|
45.52
|
0.3
|
3,654.61
|
30.05
|
0.8
|
|
12-Jul-07
|
13,861.73
|
283.86
|
2.1
|
3,624.56
|
29.62
|
0.8
|
|
11-Jul-07
|
13,577.87
|
76.17
|
0.6
|
3,594.94
|
-25.38
|
-0.7
|
|
10-Jul-07
|
13,501.70
|
-148.27
|
-1.1
|
3,620.32
|
-6.40
|
-0.2
|
|
9-Jul-07
|
13,649.97
|
38.29
|
0.3
|
3,626.72
|
64.76
|
1.8
|
In 1 month DJI dropped 9days out of 24 days while STI dropped 12days/24days.
QUOTES
Market Overview
| Market Diaries |
 |
| Issues: |
NYSE |
Nasdaq |
|
|
| Advancing |
700 |
1,081 |
|
|
| Declining |
2,625 |
1,999 |
|
|
| Unchanged |
64 |
100 |
|
|
| Total: |
3,389 |
3,180 |
|
|
| Issues at: |
|
|
| 52-Week High |
28 |
32 |
|
|
| 52-Week Low |
131 |
146 |
|
|
| Volume: |
|
|
| Advancing |
407,554,000 |
877,858,000 |
|
|
| Declining |
2,368,470,000 |
2,646,260,000 |
|
|
| Unchanged |
-2,751,974,000 |
-3,488,345,000 |
|
|
| Total: |
24,050,000 |
35,773,000 |
|
|
8/9/2007 7:59:00 PM |
|
|
|
|
NDP speech all along are always very positive and optimistic..
yea...trusting your eyes seeing the profits turning into losses...this may be a period of time to stay out for a while before getting in again later
We could smell the US shit months ago but now the shit is presented right in front of us.....don't trust your scent never mind.....how can don't trust your eyes!
I wonder why ppl and fund panic,,,so long got ppl want bail out ...so??worst is when nobody want to bail you out than the worry...if got cash wont dies right?so y worried..
for the moment today...Singaporeans will forget about PM Lee's bullish speech...people will "celebrate" in another type of red sea...a its a major "celebration" too....gonna dip big...DOW down close to 400 points!@~! that's not scary...that's...VERY SCARY
It's going to be a bloody Friday...brace yourself..,confirm cui cui...
more blood in the market... sad...
In celebration of Singapore National Day, we will have a WAVE of RED SEA today....
Dow Drop 387.
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