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DOW
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idesa168
Elite |
24-Nov-2008 13:39
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x 1
x 0 Alert Admin |
Why look so far away....better focus on this afternoon trade. CitiBank got rescue by government. This news caused the DJ futures from red into positive region. Asia mkt might set to trade higher when open in half an hour. How long will this bullish news last is everyones guess. | ||
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Hulumas
Supreme |
24-Nov-2008 13:01
Yells: "INVEST but not TRADE please!" |
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x 0
x 1 Alert Admin |
That is what you think, should we believe it? | ||
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freeme
Elite |
24-Nov-2008 12:40
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x 0
x 0 Alert Admin |
What i feel is STI at 1200-1400 should be its bottom liao. Even if dow fall till 6000+.. all other region already down so much faster. So nw STI or HSI should be more or less there liao. 9000 for HSI should be the worst case liao.
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wycklk
Member |
24-Nov-2008 12:30
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x 0
x 1 Alert Admin |
target should be 6000. | ||
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zhixiang
Member |
24-Nov-2008 02:00
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x 0
x 0 Alert Admin |
Just read this on CNBC.com...Charts Predict: Dow 6,400 in Less than a Month http://www.cnbc.com/id/27799264/site/14081545 Was wondering what will happen if Dow reaches 6,400. Infact, what if it goes below 7,000? How much would STI and HSI be trading at, if the Dow collapses as Nicole Elliott is predicting. Any opinions? |
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handon
Master |
23-Nov-2008 21:45
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x 0
x 0 Alert Admin |
lucky me.... pocketed 0.5 while kooning... coming week 8.8 got chance..... got 8.2... 8.94.... 9.0... 9.3.... 9.47.... hehe...  8.94 n 9.47 bot by itching finger.... |
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AK_Francis
Supreme |
23-Nov-2008 17:22
Yells: "Happy go lucky, cheers." |
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x 0
x 0 Alert Admin |
D DJ catch now is the faith of GM or even d other 2 auto giants. Senate was very reluctant to rescue the non financial industries, till end yr for final decision. If any failure in the requested rescue plan, the repercussion is calamity in local economy, and spill over to global as well. |
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Livermore
Master |
23-Nov-2008 13:55
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x 0
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It is hard to tell where the Dow is headed next week. It climbed back up to its trading range on strong buy volume. If it stays above 8000, it could head higher on a bear rally. If heads back below 8000, then it is likely to go further down | ||
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ShareJunky
Member |
23-Nov-2008 12:37
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x 0
x 0 Alert Admin |
Singaporegal, am quite puzzled you expressed your reservation that "I will probably receive a bad post from this but here goes .... " Purpose of forum is, in my opinion, for members to contribute to their views - rightly or wrongly - to share info, generate further discussions if worthy. It is not a contest to determine who's right / wrong ; clever / or otherwise. What's right today may not be valid anymore tomorrow.
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limkt009
Veteran |
23-Nov-2008 09:39
Yells: "Watch your front, grab $$$$$ at your own time" |
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x 0
x 0 Alert Admin |
Citi could be next. | ||
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cashiertan
Elite |
23-Nov-2008 05:17
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x 0
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like some say, dow is n oversold position. in fact never so oversold for a long time. some predict we may have relief rally soon before the decline. 8400/8800 should be the 1st/2nd resistance and we must clear it firmly before we can consider any form of potiential relief rally, it may than go up to 9400-9900 before resuming the decline. However please note that at times where news are crazy and emotions are high. TA may not be that neat and clear with lots of spikes and whipsaw. Nevertheless, we did see many divergences hence signaling potential technical rebounds as soon as next week. |
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cashiertan
Elite |
23-Nov-2008 02:07
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x 0
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I believe there will be a relief rally soon as selecting good leaders will calm the investors as the current leaders suck in usa. u see how they let lehman go is a good example of how they have no foresight that letting lehman go will cause mass ripple of course unless it was rigged by the hidden hands, that will explain alot. nevertheless, we as a consumer is to best warm our pockets for maybe time to reenter again is coming. however i would suggest using not more than 30% of ur investable $$$ to buy blue chips. STI has shown resililent for not going as look as DOW did last week. it may show signs that ppl still believe in singapore fundemental (if any).. |
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ShareJunky
Member |
22-Nov-2008 13:38
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x 0
x 2 Alert Admin |
I was watching CNBC at 4.00 am Spore time this morning and DOW was still in negative territory. Then news came out that Timothy Geithner was nominated to be Treasury Secretary ( T S ) in Obama's team. Immediatly, DOW started to shoot up till closing above 8000 points. Some commentators called this a relief rally - a "Geithner Effect" - because the uncertainty of who would be the next T S is removed. However, remember that he does not become T S till Jan next year. And the numerous (disclosed and undisclosed) problems of US economy do not immediately vanish with a change of T S. There will be alot more pain before the healing commences.
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idesa168
Elite |
22-Nov-2008 13:22
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x 0
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Yah, I also think the mkt is finding all possible excuses to rally/rebound as it was in oversold zone. This new chief in Treasury may be someone of gravitas, but it's too early to celebrate it. The Obama adminstration will only come in during January and from now to that time, we still have 2 months to go or appr 40 trading sessions to go. If DOW can drop 1,000pts in a single trading session, it is capable to drop 3,000pts in 40 sessions. Besides, if this new guy is real damn good, it will still take months for him to prove his worth before investors should celebrate. I do not want to kill any possibilities that there might be a few more of the rally/rebound in the coming weeks, but I think we are still in the downtrend. Any rebound that are not sustained, the bear will come in play and press mkt lower than before the rebound. We may see 500pts last night, there might be 2 days of downturn (excuse: due to profit taking after rally), then we are back to the ground zero again. The bear will come in play then and mull the mkt lower. Just my view. |
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CWQuah
Master |
22-Nov-2008 11:46
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x 1
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Most news is really worthless to trade on by the time it's out. Just go for technical analysis and price action. The other way is for longterm investors to do stringent cherry picking and hold for the next couple of years. With global cheap liquidity, really, it's a matter of time. Just don't have unrealistic expectations of more than 50% index gains in 2 weeks. |
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learningtheropes
Member |
22-Nov-2008 10:48
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x 1
x 1 Alert Admin |
yup it's just a technical rebound cause dow jones has fallen too fast and too much in the week. The mkt cant been falling every single day. The new guy is just a excuse for the mkt to have a strong technical rebound. The fad will go over very fast as usual, so sell on strength. Bear still grips strong.. | ||
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dcang84
Veteran |
22-Nov-2008 10:14
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x 0
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US investors must be punch-drunk from the repeated blows this week. Haiz...treasury secretary oso they can rejoice. The guy must be a superman or a blithering idiot in the first place to accept the post. Me thinks this is nothing more than a set-up.
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singaporegal
Supreme |
22-Nov-2008 09:44
Yells: "Female TA nut" |
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x 6
x 3 Alert Admin |
I will probably receive a bad post from this but here goes .... I think the 494 point increase in the Dow last night is unsustainable. How can the mere appointment of a new Treasury secretary turn things around overnight? It doesn't make sense to me. |
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idesa168
Elite |
22-Nov-2008 00:44
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x 0
x 0 Alert Admin |
Now I agree with you, very volatile! Swing between +170 and -102.
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handon
Master |
22-Nov-2008 00:09
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x 0
x 0 Alert Admin |
got it.... Qued to sell at 8.0.... die die must buy... can go koon liao.... |
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