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STI to cross 3000 boosted by long-term investors
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brizy88
Member |
28-Feb-2007 09:47
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If the Aust Exch is of any guide. It went down 3.7% in the first few mins. Some 2.5 hrs later it had recovered some losses to 2.3%. Our SGX went down by a larger 5.4% within the first few mins. Somehow our recovery is quicker too now down 4.1% after 40 mins. Like to think there is some short-selling factor when mkt opened this morning. For those who decide to hang in there and not liquidate, hold on tight and I think and hope there will be some backtracking of the loses over the past 2 days soon. Good luck. Cheers ... |
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knightrider
Elite |
28-Feb-2007 09:15
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This all started by China side and then US. There is something about next week is even more drastic when I called my broker just now. Watch out for next week. It is an opportunity to short, if you dare. Good Luck. |
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Sporeguy
Elite |
28-Feb-2007 09:13
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drop of 160 pts = approx 5%, follow DOW. Can't worst than this, if goes further down, stout-hearted can pick up. |
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l_tan888
Senior |
28-Feb-2007 09:07
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Unless you're a shortist, better to wait for the dust to settle. |
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l_tan888
Senior |
28-Feb-2007 09:05
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Market is crazy liao. STI drops 160 pts. |
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l_tan888
Senior |
28-Feb-2007 08:17
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In sympathy with the DOW last night, I think there will be a knee-jerk reaction with the STI's opening drop of about 100 pts (3%) this morning. |
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billywows
Elite |
28-Feb-2007 07:47
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The BBs will flee more out of Asian market today after US market crashed last nite!!! Not time to buy in now ........ Genting surely in focus today - what a timing!!! |
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clownfish75
Senior |
28-Feb-2007 07:19
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jackjames...in life we have to think positive always...no one can control the tide of the market.. be it you or me, rite? Anyway, I hope that ppl will not rush in to selling their shares short term and regret later... thanks for your feedback.. |
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jackjames
Elite |
28-Feb-2007 07:06
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clownfish75, you are causing more panics u know... if there is no major bad news, and it drops, u should know what it means.... this kind of drop is even unpredictable~ |
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clownfish75
Senior |
28-Feb-2007 06:43
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The way I look at the current market conditions is just a healhty correction. No reason to cause any panic. No war, No crisis and No Major Bad News |
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novena_33
Veteran |
28-Feb-2007 06:31
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DOW down 400 points  what going to happen to China...and singapore..... slippery slop there..... hopfully 3000 can support....
is going to be lots of red today..... |
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jackjames
Elite |
28-Feb-2007 06:25
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short the market today! |
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cashiertan
Elite |
28-Feb-2007 04:13
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sti will correct till 2800-2900 before any sign of support. or 3000 but it is less strong.. |
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elfinchilde
Elite |
28-Feb-2007 01:49
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sporeguy. the last part of the DBSVB call: if fall below 3193, support then is at 3060. Looking at the large insti sells on quite a few blues, STI likely to go below 3200 tmrw. hanwudi...i don't do shorting. but yes. it's likely a shortist's market tomorrow. pick your counters wisely tho. highest chance might be with the blues that haven't dropped too much yet, and which posted large institutional sells today. good luck. ;) |
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hanwudi
Member |
28-Feb-2007 01:41
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Dow down 183 points Nasdaq down 55 points. It may be another day of bloodbath. Short the market??? |
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Sporeguy
Elite |
28-Feb-2007 01:04
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From elfin's post in the DOW tread : DBSVB call:support for STI at 3215. If fall below 3193, it negates the rising trend. sorry for posting on dow thread; indices are all linked to me.... Repost for ref : From my earlier post, support is at 21MA of 3200, below this could mean a correction. |
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Sporeguy
Elite |
28-Feb-2007 00:53
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3618 is a 12% increase from 3232. So 3618 may end in 2 months time. 3847 is 19% increase from 3232. 3847 may end in 3 months time. |
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Sporeguy
Elite |
28-Feb-2007 00:49
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May03, end of previous bear and start of present bull. 1st wave May03 (STI= 1205) to Apr04(STI=1906) Increase =701. 2nd wave Apr04 (STI=1906) to May04(STI=1690), decrease =216. 3rd wave May04 (STI=1690) to May06(STI=2660), increase=970. 4th wave May06(STI=2660) to Jun06(STI=2278), decrease =382. 5th wave Jun06(STI=2278) to ? 1 possibility is 2278+1.618x970=3847 (close to some instituitional estimate of 3900). Study this : (2-0.618)x701(1st increase)=969 approx = 970 (2nd increase, wah, only 1 pt difference). Another possibility is 3rd increase =(2-0.618)x970=1340. Thus end of 5th wave could be 2278+1340=3618. |
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teeth53
Supreme |
28-Feb-2007 00:27
Yells: "don't learn through life, learn to grow with life " |
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Another red bloodie, dloodie, ploodie day 28-02-2007 (Wed) let see which counters cheongg.. 1st, down lehh not up hohh..!!! |
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KiLrOy
Master |
27-Feb-2007 23:41
Yells: "I buy only what I can see." |
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Well noted SgGuy. My money in holding pattern so looking out for growth stock. Victorian, just curious to know whats on your radar these days? |
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