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61781-61800 of 69565
nikkei has been in a bear since 14,000 actually. so its movements can be discounted unless it's a large one.
UJ pair: don't think it'll go below 10577.
The EJ pair looks down. Ranging now tho. watch for signal.
If HSI is down: once it closes, you can expect more bloodletting on STI as foreign BBs panic and sell what they can: they only see asia as asia.
Watch out; Nikkei mkt is not as bullish; saw the way it closed at 2pm; Nikkei futures also somewhat bearish. USDYEN may be doing another downtrend on interday basis.
So, once SSE closes, look for a potential pullback on HSI, and also STI.
yups CWQuah, it's what i had said earlier: watch out for a breakdown in commodities. simple logic though: it can't go up forever. Greater Fool Theory at work. Same thing for oil now. See who gets caught at the highest price.
Be careful of weak rallies into bear hug though, where stocks are concerned.
Slow buying and holding power. It is inevitable: in a down market there will always be a return to real value. Even chastened BBs who've probably lost more than what they made in the bull of 07. When they finally re-enter, do you think they'd go for shifty pennies, or those which are solidly backed by years of good earnings and dividends?
And when the local BBs are abandoning the market, that's when it's time to sit up and start choosing counters, wait for right px to enter. Methodically. No hurry. There's years ahead to build wealth anyway; why be in a rush for petty gains. Mindset is very important: We don't win a couple of wars only to lose the battle.
aside, i've been in the market about 10years now. looking at the previous decade, i guess i'm more familiar with bears than bulls. never thought about this before. hehe.
SupremeA, not shen mi. but discretion is the better part of valour. The less one says, the better.
wa so shen mi. Msg me leh
elfinchilde ( Date: 03-Jul-2008 00:38) Posted:
singaporegal: about where i get my info from: check your msgs. 
stupidfool: if i were a BB, i sure wouldn't be posting out here and 'exposing' tactics! i sure wish i was one though. lol.
livermore. can't say i disagree with the identified themes.  if BBs leave the market though, there'd be flat volume and no trading. not a good scene.... |
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i'm a huge PUT WARRANT advocate...
Dow Will Sink Below 10,000: Strategist
Investors should ignore recent signs of strength and face up to the fact that we will face a prolonged bear market, John Carter, president of Trade The Markets, told CNBC Wednesday.
"Longer term we’re looking at a market that is a bear market," Carter told "Squawk Box Europe."
While we can expect a rally over the next three to five weeks, this is a downward spiral that is not going away any time soon, he said.
"A trend is a trend until it ends, and we’re actually looking for the Dow to take out 10,000 by the end of the year," he added.
There are too few sectors holding the markets up, and too many dragging it down, to consider getting back into non-recession-proof sectors, according to Carter.
"A large percentage [of sectors], like financials, are getting hammered. A lot of the darlings of the past are going to get taken out back and get shot," he said.
Hendry, partner at Eclectica, also sees few signs that the outlook is picking up for the US economy.
"I think we have to recognize the recessionary forces that are bringing to bear," Hendry told CNBC. "Don't fight that, just go with the flow of the relative momentum."
Hendry said the outlook is particularly bleak for financial and technology stocks -- the two largest components of the S&P 500 -- which he said have both seen a bubble.
"When a sector becomes infected by a bubble…what history reveals is it takes 25 years to regain the highs that we saw in real terms," he said.
When it comes to fighting a U.S. downturn, now is the time to relocate assets into gold and oil, preferably through an ETF tied to the direct price of the commodity, Carter said.
He also said investors should be looking to buy into over-achievers.
"The nice thing is when you get a really down market like this the stars shine out … and when the overall market turns around, that's where you’re going to put your money," Carter said.
“I would much rather buy stocks that are near their highs in an environment like this than try to bottom-fish."
Hendry took the view that in a sustained market downturn, successful investing requires looking for more unconventional assets such as agriculture that have the potential to outperform the market.
"I think the most important thing to know is you don’t have to short this market," Hendry said.
"If you want to stay involved the most important thing is make sure the stock you own is trending higher vis-à-vis the marketplace."
VERY unlikely.
Gold - hit resistance $947.5. Failed to break above. Williams%R overbought zone.
Coal - crashed big time. Look at commodity stocks. All gapped down.
Nikkei, HSI, SSE - day high, and ABOVE previous close.
STI - sadly a real laggard. But if it clears above yesterday's low... hehe.
STI futures/SIMSCI - already cleared yesterday's low.
Oil - seems to be meeting resistance around $144.5.
Summary - you tell me if this is a bull or bear mkt. All the clues are there.
Summary -
cathylmg ( Date: 03-Jul-2008 12:10) Posted:
Will STI breach is previous low? Very near already. |
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You are a "big Sister" to me anyway.........LOL
Just kidding.
elfinchilde ( Date: 03-Jul-2008 00:38) Posted:
singaporegal: about where i get my info from: check your msgs.
stupidfool: if i were a BB, i sure wouldn't be posting out here and 'exposing' tactics! i sure wish i was one though. lol.
livermore. can't say i disagree with the identified themes. if BBs leave the market though, there'd be flat volume and no trading. not a good scene.... |
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Will STI breach is previous low? Very near already.
US 2Q reporting is kicking in soon. Mkt will be very volatile. Hope Dow can find strong support at 11K. Look like the only hope is Fed quickily raise interest rate. US dollars up, oil dn then stock can go up. Meanwhile, cash is king.
Well, like the sub-prime saga, I am now getting tired of the oil price up share price down excuses. When will people get immune from it? Proberly quicker then expected. Good old FA plus TA is still the key to time entry whereas holding power a is pre-requisite now.
Try not to go short today. Potential for global reversal based on charts.
agreed, seeing STI gearing towards bearish region if CO still don't retreat. China got worst hit in the recent energy hikes and economy inflation, the consequence is it will slow down global growth. And now India set to economy slow down. Whats more?
Unit trusts hv no more attractive to small investors leow. Subscript new IPO, also tajadi leh.
Seems like eat grass loh.
SSE looks currently like reducing their early morning deficit
i lub lub put warrants...are u in put warrants ? :)
Dow fall past the official 20%....officially in the bear territory....
STI.....Akan datang...
ya...i m agreeable with u on this point...i wonder where we can get charts of oil from...it will be nice if Chartnexus can provide oil charts...but of cos...hopefully they will not be promoting the trading of oil and continuing pushing up the price
AK_Francis ( Date: 03-Jul-2008 01:00) Posted:
| ak is a simple old man, nowadays, I only take que fr CO as reference for trading. charts and graphs are no more a reality leow loh. |
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ak is a simple old man, nowadays, I only take que fr CO as reference for trading. charts and graphs are no more a reality leow loh.
we will need BBs to be in this market...unlike China market...seeing their retailers alone...they r one group of gigantic BB themselves already...and for Hongkong...their volume are higher too as many overseas investors trade in their market too....Singapore...if no BBs..then our average volume will be lesser of that on Tuesday (0.8+billion)
singaporegal: about where i get my info from: check your msgs.
stupidfool: if i were a BB, i sure wouldn't be posting out here and 'exposing' tactics! i sure wish i was one though. lol.
livermore. can't say i disagree with the identified themes.
if BBs leave the market though, there'd be flat volume and no trading. not a good scene....
BBs can leave the market. It is ok
