Initial but weak resistance at the 1,959 level would first serve to cap any additional upside, although we do expect this barrier to be broken. Following which, the momentum is expected to drive the STI up to around the 2,000 mark where stronger resistance at the 1,991 – 2,037 range is located. On the other hand, any retracements seen within the STI should be limited to the 1,836 – 1,848 range which a technical gap resides.during the previous week did not materialise. On the local front, the Straits Times Index (FSSTI Index) extended its charge on high volume to eventually chalk up a 3.7% weekly gain.

We also expect index leaders that have consolidated well to

‘show the way’ towards 2140.

intermediate term high on the weekly charts at 1950 to 1960. The STI will almost

certainly see a reaction at this region and we caution investors regarding this.

es archhttp://www.remisiers.org/research//tech041609.pdf

Technical Analysis –

True enough........but very unfortunately, pple who turn a deaf ear to it are the winner now.

When wife called me to say she bought LCDev AFTER it has already rose 2cts (20%).  I am simply speechless. What stock is that ?? But she is still able to get 3cts out of it.(in the pocket already)

Anyway still have a few peeny stock on hand.....let see how thing goes.....

With such a volume on SGX,  I am thinking if the angmo are back or izzit the Chinese, HK or whatever.

I got my buy signal from NOL.....ya....up up up and up.....they got screw big time because no bank is issuing LC. Is the credit market engine starting again....????

Hopefully it is not an ugly dream:

(1) Business Times dated 14/4, Chart Point by KElive:

     Heading: Current uptrend may not last

      Quote:

      "The STI continues to exhibit bearish divergence, a tell-tale sign

       tat the curren uptrend may not prevail beyond the short term"

(2)   Straits Times dated 15/4, Bulls & Bears:

       Quote:

      "But some market observers warn tat the recent rally might be a trap set  

       by bears to lure the remaining bulls to their doom"

Dun get too euphoric & throw caution to the wind & get caught off-guard, be the last one holding hot potatoes later.

Remember the term "irrational exuberance", now rearing its ugly head again.

Simply Madness........YES.......MORE PLS......haven't been like that since 2007.  Halfway mark already made 2X March profit.

My wife buy stock like buying vegtable.....bought LCDev and sold today.

What happen ??  Why so good ??  3.5B share done today......almost twice of yesterday !!!

One broking house said may test 2100 soon. Quite optimistic but can be a reality barring unforseen circumstances, esp many finding themselves missed this rally might go in a bit. My personal target is 2000 before some small correction.