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STI to cross 3000 boosted by long-term investors
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maxsyn
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23-Mar-2007 09:39
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has been up with good gain last few days, so I think is normal for it to go into red but expected to be moderately |
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terencefok
Master |
23-Mar-2007 09:31
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Looks like SARS coming |
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harryp
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23-Mar-2007 09:26
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Only slight fever now. Hope it doesn't turn into SAR or worst bird flu :) Peace |
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terencefok
Master |
23-Mar-2007 09:19
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underwater liao, take profits! |
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terencefok
Master |
23-Mar-2007 09:13
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Seems to be in profit taking mode |
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terencefok
Master |
23-Mar-2007 09:12
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Not much movement today |
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ROI25per
Master |
23-Mar-2007 08:40
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today, sti index moving average crossover for P>MA10 >MA20 since the last 27 feb correction. Sometime, pple use it to buy |
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tanglinboy
Elite |
23-Mar-2007 07:38
Yells: "hello!" |
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Maybe today will have a small pull back.... Dow last night was flat. |
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zujzuj
Senior |
22-Mar-2007 23:47
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Bearish wedge is marked by decreasing volumes... Pls take note of the overall volumes for the next few days. A strong break above 3220 thereabouts tomorrow will "destroy" this formation. Pls trade with care |
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tanglinboy
Elite |
22-Mar-2007 21:31
Yells: "hello!" |
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Volumes today not too bad! Hopefully it continues like this! Dow futures also positive! |
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harryp
Veteran |
22-Mar-2007 16:04
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According strictly to the picture, it shows a continuation pattern - downtrend. Peace |
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bsiong
Supreme |
22-Mar-2007 16:02
Yells: "The Greatest Wealth is Health" |
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ASIA MARKETS
HONG KONG (MarketWatch) -- Asian stocks surged Thursday, rising for a fourth straight day on the back of Wall Street gains, with Japan's Nikkei Average climbing more than 300 points as Sony Corp. and other export-related shares gained after the yen weakened against the dollar.
Tokyo's Nikkei 225 rose 1.8% higher, or 301 points to 17,464.39 in afternoon trade. The broader-market Topix index gained 1.7% at 1,737.32.
In Tokyo currency trading the U.S. dollar was quoted at 117.51 yen, compared to 117.50 yen in late New York trading.
Hong Kong's Hang Seng Index ended the morning session 1.2% higher. The Hang Seng China Enterprises Index, or H-share index, which tracks Hong Kong-listed shares of China companies, was up 1.8%.
Around the region, Australia's S&P/ASX 200 gained 1.4% while Singapore's Straits Times Index was up 2%.
On the energy markets, crude oil for May delivery was up as much as 42 cents to $60.03 a barrel in Asian electronic trading. Oil rose 36 cents to close at $59.61 a barrel Wednesday on the New York Mercantile Exchange.
China's Shanghai Composite Index was up 1.3%, extending its rise after closing at a record in the previous session.
South Korea's Kospi Index was up 0.5% and Taiwan's Weighted Price Index rose 0.9%. In Malaysia, the KLSE Composite was up 1.3%. New Zealand's NZX-50 index was up 0.5%. |
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zujzuj
Senior |
22-Mar-2007 15:37
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http://img223.imageshack.us/img223/7900/bearwedgets8.jpg people, watch out for this chart formation. Any views ? |
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tampinesnewbie
Member |
22-Mar-2007 11:32
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Seems like punctured liao ..... |
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red1721
Senior |
22-Mar-2007 11:24
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tanglinboy, same view point as you...too high too fast...base from external market situations now, it should be dipping, not climbing...isnt a good sign to me... |
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prosperous
Member |
22-Mar-2007 10:42
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seems like 2nd phase correction is too short, blasting up all the way.... |
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terencefok
Master |
22-Mar-2007 10:38
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STI seems to have found its support at 3220 |
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terencefok
Master |
22-Mar-2007 10:34
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I think so, given that the volumes today are high and the STI is near the day high |
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Bandymac
Member |
22-Mar-2007 10:33
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Ya. Used to be Uncle bull, now Grandpa bull. |
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pikachu
Veteran |
22-Mar-2007 10:29
Yells: "Holy Cow!" |
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Uncle Bull is back? |
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