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61461-61480 of 69565
It'll be great if oil breaks below $135, and also $132.50. A lot of stops at these 2 supports. The odds are pretty good.
if UJ breaks 10565 and EU drops below 15720, this rally may have some legs yet.
Too many stale bulls. All mrkets below opening price.
Market "neng liao"!
Chiong more lei..so i can buy put warrant at lower price..kekek..
Be careful....
The fundamentals from US have not changed that much. Still mostly bad news coming from the Fed - high inflation, credit crisis etc...
The only bit of good news is that the oil price has fallen due to a surprise increase in inventories. That in itself may not mean that oil prices are now on a downtrend.
Notice the low volumes today. There is not much action from BBs even though the STI rallied 50+ points. This could be a setup for another dead cat bounce.
HSI and SHI soften, STI follow suit. Likely STI will hover the gain of 50. If it can hold at 2888 best liao.
Yes, those got cheap liulian since Mon, before lunch can open them up for makan, should be very nice taste loh.
Sell into strength is what some anal-ysts suggested.
today is the profit taking days , don't expect too much..
For sure STI will go up today. But how far will it go, how long will it last?
sti chiong more so i can short..keke
STI will go up today!!!
AK_Francis ( Date: 17-Jul-2008 01:43) Posted:
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CO dips till 135, ho shei leow.
Take a break .... I think....
In Asia CO down 60 cts. hope 2nite US side could clamp down the price further so that it can boost DJ.
Cathy you almost hit jackpot. Preclose wa exactly 2830.65 - then ends up mkt a bit more... bullish. 2835. Heh.
Looks like it is going to close flat today.
Dear Cathylmg,
This time is different, it could be mid August and Sept also October and so on........ long rally.
cathylmg ( Date: 16-Jul-2008 12:17) Posted:
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As long as Dow keeps making new lows - still bearish. 10827 tested. My target for the intermediate low - 10780.
There will be a rebound either on Fri or next Monday, driven purely by technicals, but do not expect it to be very strong. Too many stale bulls created.
Fundamentals-wise, we've yet to see the impact of high oil creep into PPI (producers price index). Need a few more banks to collapse, need more newspapers screaming 'Dow hits 10600' or something like that. I don't rule out a hard test of 2745 yet for STI.
So I'm kinda more inclined to believe any recovery is likely U-shaped - but a pretty wide U at that.
Normally stocks will rally around nov and dec but for this year I am still not sure. Any comment?