Yes one good news not necessarily up! 

Remember my constant reminder about QE2 announcement tomorrow.

And STI resistance at 3200 points.

What is the STI closing yesterday? 

djia surge followed by profit taking i guess. closing recovered some grounds. 

sti surge and maintain at high level. minimal signs of profit taking ytd. 

probably surge a little today with a gap up then profit take down? the possibility of down is strong than up i guess.

but with a few good news on the US side, i wonder why their DJIA dropped. 

Look at the charts and the news.

Tell me today is bull or bear day for STI. 

more like reached your office?lol

working hours 8 - 1745 

seems like today quite a lot of good news 

Look at the chart pattern for Dow Jones.

Look at chart pattern for STI yesterday.

Then tell me what you see again. 

Bladez you are early today.

Going to office soon? 

BT, can you please shed some light on 'breakout pattern established"?

thank you

Welcome      ( Date: 01-Nov-2010 22:47) Posted: Hi all, i have been following this forum and this is my first posting. i am new in trading and need to learn from all the masters in this forum. May i ask, what does Breakout pattern established mean ? what is the implication? thank you. BullishTempo      ( Date: 01-Nov-2010 17:08) Posted: GenSp 3.1 million buy-up at 2.23. Breakout pattern established.

yes Bullish, u obviously hav a following here myself included. Many are enthralled and some can be so in awe by your success and consistent performance as a pro trader, they can get carried away especially with passive readership and new members joining this thread growing. Truth be told, not everyone is cut out to be a full time trader. We can definitely be inspired to learn from bullish's contributions n each other here.

Notably everyone's personal situation is different, be it family committments or capital liquidity etc. One should assess ur risk exposure, time horizon and avoid over leveraging on margin instruments esp. for newbies. A recommendation for newbies is to start off with paper trading simply to put your mental fortitude to the test (apart frm reading technical indicators) & observe ur trading behavior on entries and exits when the market moves in or against your direction. That's about all for today everyone ;)

BullishTempo      ( Date: 02-Nov-2010 01:42) Posted: OCBC took one morning, about 5 hours. If you read a previous post, where I recommended a buy on SGX. A guy posted and told us he made $75,000 in 5mins when SGX went from $9 to $9.41 He bought 300 lots. I only bought 130 lots. But the time taken? 5mins. Such things happen in the stock market all the time. But do you have the eye to spot such opportunities? I can show you how to get the news, but can you spot the opportunity when you read an article? And recently, Thomson Medical went from 1.08 to 1.75 in one day. A 100 lots will make you $67,000 in one day. Is it possible to profit from such opportunities? Definitely. And hunting for such opportunities makes trading so much more interesting. Look forward to sharing more with you and others in the future

Well interesting you brought up that point.

There are many good examples of people who were bankrupts or on the brink of bankruptcy, realized their mistakes and managed to stand up again, recover and build successful businesses for themselves.

 Examples? Robert Kiyosaki, Donald trump, and some of the people I got to know in Singapore. Their businesses failed, but they didn't give up. They persevered, endured the hardship, learnt their lessons and finally they succeeded.

And you also mentioned passion. Warren Buffett mentioned picking undervalued stocks was his passion.

And yes, after finding out how stock markets tick, it became my passion to learn more and more.  

Passion is important if you want to succeed in something. Making money becomes secondary, instead it is the passion for finding out what makes stock markets tick, and how stock markets work that became my passion.

If you let the goal of making money become your passion, then perhaps it may not work so well. I don't know. You would have to figure that out!   

Wow. Another successful story. I love to see stories abt how pple climb from the lowest pt of their life and make a successful career/life after that.

Not everyone is meant to be a trader. Or u will see many traders on the street. U need to have the passion and effort put in. Earning 15k a morning is no small feat. Which is why trading job is so lucrative.

I just started a new engineering job and i certainly dun see myself to be a full time trader. Just small fry, trying to earn some passive income. I have friends who gave up respectable jobs like pharmist to become a full time trader. I'm thinking: is it worth it??? But then ren ge you zhi。

Kudos to you BT. Hope I can take up a course or two from u and learn more successful trading. Cheers!

GenSp, Golden Agri and Olam all report on the same day.

I guess I will be loading most of the bullets on GenSp.

First major resistance is 2.29. After this is broken, price target is 2.38.

After 2.38, probably a slight correction, and then proceed to 2.50 

All depends on how good the results is on Nov 11. 

just  saw my chart, if i never draw wrongly..... 1st target should 2.30, then 2.35 and 2.39.

i hoping to sell at around 2.35-2.39

Tags: Golden Agri-Resources | Mewah International

WRITTEN BY THOMSON REUTERS

MONDAY, 01 NOVEMBER 2010 11:02

Share this  Digg  Del.icio.us  StumbleUpon  Netscape  Yahoo  Technorati  Googlize this  Facebook Export PDF Print E-mail Shares of Singapore-listed Golden Agri-Resources (GAGR.SI) rose 5.4% to $0.685 on Monday, boosted by news palm oil refiner Mewah International has set an indicative price for its IPO. Over 28.9 million shares had changed hands by 0252 GMT.   Mewah, which filed an IPO prospectus on Friday, is looking to raise as much as $449 million  in its Singapore initial public offering.       The company plans to sell up to 289.5 million shares to investors, including a 37.8 million primary share greenshoe option, at $1.25 to $1.55 each, according to IFR Asia.   “The market has generally been pretty bullish about the prospects for palm oil firms. Moreover, if Mewah’s IPO does well, this could be an additional boost to Golden Agri’s shares,” said a local trader.

Tags: Capitaland | CDL Hospitality Trust | City Developments | Golden Agri- Resources |Indofood Agri Resources | JP Morgan Chase & Co | Oversea-Chinese Banking Corp. | Sasteria |SMRT Corp | Thomson Medical Centre | Venture Corp | Wilmar International

WRITTEN BY BLOOMBERG

MONDAY, 01 NOVEMBER 2010 17:58

Share this  Digg  Del.icio.us  StumbleUpon  Netscape  Yahoo  Technorati  Googlize this  Facebook Export PDF Print E-mail Singapore’s Straits Times Index advanced 1.6% to 3,192.18 at the close, the most since Oct. 13. Five stocks rose for each that fell in the benchmark equity index of 30 companies. Shares on the measure trade at an average 15.6 times estimated earnings, compared with about 17.4 times at the beginning of the year, according to data compiled by Bloomberg.The following shares were among the most active in the market.  Palm-oil suppliers: Crude palm oil for January delivery rose as much as 1.1% in Kuala Lumpur today.   Golden Agri-Resources (GGR SP), the world’s second- biggest palm-oil producer, jumped 4.6% to 68 cents. Indofood Agri Resources (IFAR SP), the palm-oil unit of Indonesia’s biggest noodle maker, rose 2.3% to $2.66. Wilmar International (WIL SP), the world’s largest palm-oil trader, gained 0.9% to $6.46. CapitaLand (CAPL SP), Southeast Asia’s biggest developer, slipped 1.3% to $3.84. The company said third-quarter net income fell 43% to $159.6 million from a year earlier.   CDL Hospitality Trust (CDREIT SP), the hotel operator partly-owned by City Developments (CIT SP), gained 1.4% to $2.17. JPMorgan Chase & Co. raised its share-price forecast to $2.30 from $2.10 and maintained its “overweight” rating.   Oversea-Chinese Banking Corp. (OCBC SP), the lender that owns Singapore’s biggest life insurer, increased 2.3% to $9.22. The bank said third-quarter net income rose to $570 million from $450 million a year earlier. That beat the $551.8 million average estimate of eight analysts surveyed by Bloomberg.   SMRT Corp. (MRT SP), Singapore’s biggest commuter train operator, fell 1% to $2.03. The company said second- quarter profit slipped 13% to $45.8 million.   Thomson Medical Centre (THOM SP), a Singapore-based hospital operator, surged 62% to $1.75. The company said Sasteria, an investment vehicle of Singaporean billionaire Peter Lim, offered to buy the rest of the company after taking a 39.34% stake. The mandatory conditional offer is for $1.75 a share, it said.   Venture Corp. (VMS SP), Singapore’s biggest publicly-listed contract maker of electronics, jumped 3.3% to $9.36. The company said third-quarter net income climbed 27% to $48.6 million from a year earlier.