Latest Forum Topics / User Research/Opinions | Post Reply |
Beijing has no plans to launch a new round of prop
|
|||
Hulumas
Supreme |
16-Jul-2010 11:17
Yells: "INVEST but not TRADE please!" |
||
x 0
x 0 Alert Admin |
I beg to differ to you. For me, I 'll buy the property where the abundant country's money is!
|
||
Useful To Me Not Useful To Me | |||
niuyear
Supreme |
16-Jul-2010 10:40
|
||
x 0
x 0 Alert Admin |
If i got money, i wont wanna buy property frm china now, i wld want buy from US |
||
Useful To Me Not Useful To Me | |||
|
|||
kiasiDBT
Veteran |
16-Jul-2010 09:55
|
||
x 0
x 0 Alert Admin |
Bewildering strength Written by Goola Warden Monday, 12 July 2010 14:12 For the first time this year, some good news has come out of China. Wang Yulin, deputy research head at the Ministry of Housing and Urban- Rural Development, says Beijing has no plans to launch a new round of property-tightening measures in 3Q and would step up efforts to implement those measures already announced earlier this year. And, he does not expect a hard landing for the property market in China. That is in sharp contrast to Kenneth Rogoff, a US-based professor who says the Chinese property market will collapse, dragging the banks down with it. The US markets may continue to trade nervously. The technicals are not as weak as they appeared to be at end-June, but markets are unlikely to move on the upside soon. The Dow Jones Industrial Average (10,018) regained the 10,000 psychological level. But, that doesn’t count for much. The magic figure is 10,338, at which the 100-day moving average moves below the 50- day moving average in a dead cross. Also, sentiment is bearish, and mar ket watchers across the spectrum are talking about breakdowns. That, perhaps, is what has stopped the Dow from falling below 9,700. Note that the shorter-term indicators, of 35 days and less, have started to form positive divergences with price. Only a breakout by these indicators would trigger a move above 10,338. The Standard & Poor’s 500 Index (1,060) has also stubbornly held on to its breakdown level at 1,030 for much the same reason — the overarching bearish sentiment among market watchers and market participants. Oftentimes, market players are bearish because they have sold and are expecting prices to fall. When all the players have sold and are expecting prices to fall, the market is said to be at an oversold level. That may materialise with the S&P500. Oscillators of 36 days and shorter are displaying positive divergences with price. Once again, a breakout is needed to trigger the upmove. For the S&P 500, the resistance-cum-breakout level is at 1,104 to 1,111. STI (2,897) Long-term: flattening; medium term: down; short term: upturn SHORT TERM RSI (Chart B) is turning up from its equilibrium line. ADX (Chart B) is falling and the DIs are poised for a positive cross. Stochastics (Chart B) has turned up. MEDIUM TERM Quarterly momentum (Chart A) is falling. LONG TERM Annual momentum (Chart C) has actually rebounded. 24-month ROC (Chart C) has strengthened. An encouraging sign that the market may remain range-bound — much more preferable than breaking down — is the stubborn resistance of medium- and long-term indicators to confirm breakdowns. The Straits Times Index is now trading above the moving averages. The 200-day moving average is at 2,806 and the 50-day moving average is at 2,861. Although the 50-day moving average level is a precarious one, the STI is comfortably above the 200-day moving average. These are levels to note, particularly if traders are planning short positions. If the STI does not break down — and volume has dwindled, which is generally the sign of a low — a strong recovery could ensue. Quarterly momentum is the one indicator that looks weak, and it is falling. On the other hand, ADX is also falling and at a low level, a sign of no clear trend. The DIs are neutral and poised for an upturn, fuzzing the near-term picture even further. Twenty-one-day RSI has rebounded upwards from a test of its equilibrium line. The long-term indicators tell an interesting story. Annual momentum has found support at its equilibrium line and has rebounded. A more sustained rebound by the indicator would trigger a better advance by the STI and this may materialise by August. The very long-term 24-month ROC is at its equilibrium line and has strengthened. As a result, the STI may attempt a breakout of 2,900. HANG SENG INDEX (20,058) The Hang Seng looks like it has found a floor at 19,200 to 19,300 and is forming a base. The 200-day moving average is flat, at 21,108, and the magic number to break above is 20,098. Both short- and medium-term RoC indicators have turned up and are rising. A break out of 20,098 would indicate a significant upside. |
||
Useful To Me Not Useful To Me | |||
kiasiDBT
Veteran |
16-Jul-2010 09:53
|
||
x 0
x 0 Alert Admin |
http://www.theedgesingapore.com/markets/right-timing/17712-bewildering-strength.html | ||
Useful To Me Not Useful To Me |