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STI might test 1899 in year 2012
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spkcheong
Member |
22-Aug-2011 17:30
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The rebound will obviously help facilitate those who wish to exit the market and the downward direction must continue. It is abundantly clear that the world turmoil is only in the early stages. Expect Singapore to enter technical recession within this year and confirmed recession in 2012. We will see Part 2 of Gov's Resilient package perhaps as early as March. My view only. I stand corrected.
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risktaker
Supreme |
22-Aug-2011 17:09
Yells: "Sometimes you think you know, but in fact you dont" |
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day one technical rebound.
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timqoo
Senior |
22-Aug-2011 11:07
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ha ha. agree. maybe it's no man's land market at 2900. bears and bulls fights to see who is stronger at 2900. the gaps above so wide to reach into bull's land.
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rotijai
Supreme |
22-Aug-2011 10:52
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hehe.. just wanna highlight tat breaking 2900 doesnt mean we are back to bull market :)
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iPunter
Supreme |
22-Aug-2011 10:50
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Hahaha... there's no such thing as pig market in stocks...       There's only bull and bear markets...                 Intervals are simply consolidation for the                         market to be primed for the next move...
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rotijai
Supreme |
22-Aug-2011 10:46
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er.. STI has to break the 200 ma which's at ~3080 to put it back to bull market.. if it can break 2900, tat only changes it from bear market to unknown (pig) market..
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timqoo
Senior |
22-Aug-2011 10:43
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think there is only a reversal if sti goes pass over 2900. | ||||
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rotijai
Supreme |
22-Aug-2011 10:41
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yes master risktaker, i think this bounce might not even last for 1 day @_@
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risktaker
Supreme |
22-Aug-2011 10:36
Yells: "Sometimes you think you know, but in fact you dont" |
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one got to.know the difference between a technical rebound and a reversal.
a technical rebound mainly rebound from a low to almost covering its losses to a positive. it doesnt mean that it will close positive.
the rebound is there because stock is in extreme oversold position and once rebound is done it will carry.its downtrend.
a reversal.is a rebound that is so powerful that it so strong that it will break at least one resistance and turn into a strong support.
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rotijai
Supreme |
22-Aug-2011 09:27
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thanks master risktaker.. just enough for me to run :)
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risktaker
Supreme |
22-Aug-2011 09:21
Yells: "Sometimes you think you know, but in fact you dont" |
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market.going for 2-3 day techincal rebound good luck | ||||
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JUNWEI9756
Supreme |
21-Aug-2011 21:47
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If everybody sell on rallies then it would be very hard for the market to bounce back am i right... Haiz... Unless we are full time trader if not now is definitely not a good time to long any counters..
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rotijai
Supreme |
21-Aug-2011 21:43
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junwei, i will not buy even if there's a bounce.. unless i really have the time to monitor (which i hope i dont.. hehe) i will only sell  on rallies.. and worry about every support levels tat will trigger a rebound to kill my shorts.. haha
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JUNWEI9756
Supreme |
21-Aug-2011 21:40
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Please to update us when you think its a time to buy, thanks a million :D | ||||
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rotijai
Supreme |
21-Aug-2011 21:36
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i thought last week rebound should at least touch 2880+ to 2900.. but i think 2650-2680 should be a good support zone.. overall trend, yes it will still be sell on rally.. )
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risktaker
Supreme |
21-Aug-2011 21:32
Yells: "Sometimes you think you know, but in fact you dont" |
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still.its a sell on rally.
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rotijai
Supreme |
21-Aug-2011 21:27
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yea ! i am still holding shorts.. i am not too optimistics with the " bear" this coming weak, especially when the US only closed 1% down.. and the recent low is still there ! :/ thanks master risktaker.. anyway, i earned $6 from ur 1899.. haha
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risktaker
Supreme |
21-Aug-2011 21:15
Yells: "Sometimes you think you know, but in fact you dont" |
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When its time to long i will sure let u know.
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risktaker
Supreme |
21-Aug-2011 21:12
Yells: "Sometimes you think you know, but in fact you dont" |
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we expect market to be less volatile this coming week. However we will see 26xx sometime next week. I had a chat with some BB today and they are quite concern about the recent.development especially with europe zone. trade with care. | ||||
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rotijai
Supreme |
19-Aug-2011 19:05
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master risktaker, u mean can consider to long next week? late next week?
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