Straits Times Index   

STI to cross 3000 boosted by long-term investors

looking at the early morning volume ...it seems rather strong...above average...let's see if this volume can be growing through the end of the day

 

3 mins more, to see HSI will push it higher??

 

another chance for the markets to move up for shorting @ highs :)

 

everybody hold tight please, now we are riding on a roller coaster man..... yeah..........

 

Alcoa Inc. had the steepest decline in the Dow average, losing $1.06, or 3.2 percent, to $32.33. After U.S. markets closed, the third-largest aluminum producer reported second- quarter profit of 71 cents a share, excluding a 5-cent charge. That topped the 65-cent average estimate of analysts surveyed by Bloomberg. Alcoa rose $1.32, or 4.1 percent, to $33.65 at 4:53 p.m. in New York.

elfinchilde      ( Date: 08-Jul-2008 22:48) Posted: hehe, yea. i love those emoticons too. nothing like a bit of colour to brighten life up. hehe. lookcc, relax lah... temporary surge in DJIA because of Bernanke's speech. Usual spin by the Fed. But really, do you think it's going to hold up against the back of home sales dipping 4.7% vs expected 2.8% fall. ML may have more writedowns later. Alcoa reports later in afternoon (EST time). expected to post EPS drop of 66c vs previous 81c. If the real results are worser than expected, DJIA's likely go down. Oil px is down cos of G8 summit, usual politician talk about strengthening the USD blah blah blah. Correlation, UJ pair has been rising. Would place a cap at 10775 though. Also, we gotta put things in perspective: oil drops like $5 in one week, but jumps $5 in one session. it's hardly a 'tanking'. I'd view it more as a temporary redrawing for greater momentum upward.   stay coo', people!

 

DOW up 152.25. Wonder how STI will react....    Which scenerio do you think will happen?

 

dow now up 39 pts n oil is now 136.50 [down 4.87], wud shorting spc b the logical move??? ur opinion apprectd.

teeth53      ( Date: 08-Jul-2008 23:25) Posted: DOW now turn more into positive mode..... DOW   +39.16pt     +0.35%         11,271.12 points

 

DOW now turn more into positive mode.....

 

DOW....turning + ,. STI follow Dow...positive by...in cautious mode. 

this can give DOW some cheer...DOW. Due to this..

"Following the news that Iran may be prepared to compromise on its nuclear development programme, oil prices are a little softer," said analysts at the John Hall Associates energy consultancy in London. "However, the region accounts for a sizeable portion of global production so, until more definite news of a compromise is forthcoming then prices will continue to attract a premium."

 

yup, wud know 2morrow morning dow +  or - , at most wait longer for 2800.

 

hehe, yea. i love those emoticons too. nothing like a bit of colour to brighten life up. hehe.

lookcc, relax lah... temporary surge in DJIA because of Bernanke's speech. Usual spin by the Fed. But really, do you think it's going to hold up against the back of home sales dipping 4.7% vs expected 2.8% fall. ML may have more writedowns later.

Alcoa reports later in afternoon (EST time). expected to post EPS drop of 66c vs previous 81c. If the real results are worser than expected, DJIA's likely go down.

Oil px is down cos of G8 summit, usual politician talk about strengthening the USD blah blah blah. Correlation, UJ pair has been rising. Would place a cap at 10775 though. Also, we gotta put things in perspective: oil drops like $5 in one week, but jumps $5 in one session. it's hardly a 'tanking'. I'd view it more as a temporary redrawing for greater momentum upward.  

stay coo', people!

 

now worse, oil px down another $2....she is going 2 b late.

 

sickening, futures afternoon 3 digit red n hour ago 70 pts red but now green.....wait 4 girl 2 say yes, also dun hv 2 b tis patient.

 

Haha.. I like your emoticons! 

elfinchilde      ( Date: 08-Jul-2008 16:25) Posted: i'm zzz until the market drops to the level i want, in which case, i'd turn  from   to  in a flash. haha.

 

waited quite long for 2800, tot tis wk wud b it but dow futures now suddenly green.

 

The market discounts forward.

It will gradually reverse only when everyone is pessimistic and all bulls are bearish...

When bad times are authoratively declared by the man in the street... 

 

short n make $$$$ better than stay away from market.

 

STAY CLEAR OF STOCKS EVEN SO CALLED DEFENSIVE ONES

 dailyreckoning.com:%201.webloc

 

wah really jiat lut, just back from kopi tiam. no eye see 2morrow leow if DJ 2nite failed to pull up and CO surges again..

 

bleah, just saw the DJIA chart in detail.

concerted break below 11,100 means a large drop in the works. 11,300 is the pivot for these couple of week. need to break 11,400 on sustained vol for uptrend to resume.

very close to the lower level. bleah.