Straits Times Index   

STI to cross 3000 boosted by long-term investors

... do you guys/gals think a technical rebound is possible next week... sianz

 

elfinchilde , if dj's strongest support is 11000, then we are not very far away already. 400+ more points to go. Yesterday was down 350+ points all in 1 night. And for sti its 2800 which we saw from the last upturn. We are also not far from it liao. Only 140+ points more. Sometimes I wish they bottom out quickly. This market. Sian ah!

 

yea, i miss those days too man. been boring for me since like, april.

that's why i'm in forex now. haha. don't wanna do warrants, too volatile for me. plus, with the indices at low points, can't short since may rebound, can't long either since it's a very limited upside likely to be destroyed by stale bulls at every resistance along the way. (-_-").... ie, you either trade intraday or longterm now.

between the two, i personally prefer the latter. the former requires too much watching. besides, i don't wake up til 12 pm anyway. haha.

djia strongest support is 11,000. the previous W before the bull run years.

cyjjerry, SSE level is 2,000---that's when the chinese govt will step in to support it. we're a long way from there still tho.

CWQuah      ( Date: 27-Jun-2008 01:22) Posted: Kinda miss those days when I could hold stock for more than 3 days to ride uptrends. Nowadays I'm fully out of stock, purely doing HSI warrants for intraday momentum plays. Otherwise just doing the occasional technical shorts/longs on volatile counters. The days of easy money from stocks are over. I don't intend to run too much risk trading stocks not knowing exactly when a BB lurking around is just going to slam down a stock. Dow made a new low of 11571, broke the previous low. Possible more downside coming soon for other mkts. If only I held some HSI puts... damn!

 

sorry, yesterday morning STI was at up trend but pm it gone down again. For today simply STI down moderate morning but pm may decline further. 

 

Hi AK...may I know what histroy?

 

It may be trap.

 right now SCI drop 3.8%

HengSeng 2.32%

Nikki 2.22%

 

how come STI only 1.5%?

 

 

we can all make a guess...with most ppl very bearish...each have own views....but the market is highly unpredictable...always expect the unexpected

 

consolation for STI now with 42 pts down as compared to 50 over pts early the morning. but a bit worry after lunch. it may repeat yes history??

 

drop less than 2%?...wait for Hanseng to open..to further exacerbate the markets..

 

On your mark! Get set! Runnnnnnnnnnnnnnnn................

 

STI will test 2900 level today....

 

It is going to be a crappy day today.... I predict the STI will be down at least 100 points today.


A crappy end to a crappy month.

 

I remember this report on SSE spoke about government intervention to 'fu pan' or provide market hard stop support. But the level they spoke of was 2000 pts on the SSE.

I think that the only real reason they would consider such a measure is more to address concerns of social instability as a result of retail traders' stockmarket losses and the absence of other feasible options for their 'lao bai xing' or citizens to hedge against rampant inflation. More to keep the peace than to save face.

Even then, the true economic fundamentals currently don't give much hope to any strong recovery. I have the sensation that almost everyone is expecting recession to kick in anyway with the potential for stagflation to actually occur. Perhaps at the point when everything looks really bleak i.e. when we hear of banks collapsing, people declaring bankruptcy jumping to multiyear highs due to mkt losses, or other signals indicating true capitulation of the markets, will we really see the bottom. 

 

Right. It was in both papers 2 or 3 days ago i thought. There were talks about supporting the market but the ppl there are looking for actions. But i think action will come, the question is when?

 

 

i read somewhere on a credible source (forgot its either Straits Times, Bloomberg or CNN etc..) some time in June that the government will be stepping in to buy up the China shares should the index falls to a certain level...they also need a bit of face in view of Olympics ma

sthinvest      ( Date: 27-Jun-2008 01:44) Posted: Agree with most ppl that best strategy is to stay out of market. Dow is a goner. Think one good and likely catalyst now will be China stepping up strong measures to prop up SSE market and inadvently kicking up the bulls ... Hope it happen soon.

 

tom may see STI break 2900........gd to take up some stock.

2800 support very strong

 

Agree with most ppl that best strategy is to stay out of market.

Dow is a goner. Think one good and likely catalyst now will be China stepping up strong measures to prop up SSE market and inadvently kicking up the bulls ... Hope it happen soon.

 

 

If Dow remain in red all time and China opposite, then i think all ang mo will learn to speak chinese

cyjjerry85      ( Date: 27-Jun-2008 01:40) Posted: probably need the BBs...the fund managers to lead the way before retailers come back hmmm...just outta curiousity on how things will turn out if DOW remain as it is now in the red but the China market in the opposite trend... singaporegal      ( Date: 26-Jun-2008 21:14) Posted: It seems to me now that the Singapore market is just plain aimless. Most tnvestors are sitting it out regardless of news from the US. This is evident in the lack of trading volumes. From previous observation, it usually takes about 2 months for retail investors to recover some confidence after a major drop in the STI.

 

probably need the BBs...the fund managers to lead the way before retailers come back

hmmm...just outta curiousity on how things will turn out if DOW remain as it is now in the red but the China market in the opposite trend...

singaporegal      ( Date: 26-Jun-2008 21:14) Posted: It seems to me now that the Singapore market is just plain aimless. Most tnvestors are sitting it out regardless of news from the US. This is evident in the lack of trading volumes. From previous observation, it usually takes about 2 months for retail investors to recover some confidence after a major drop in the STI.

 

on a day to day news basis ...even positive technicals can change the very next moment to be more on a downside...and then just when u thought shorting would be the best option, the market suddenly turn against you and go upwards...its just staying sidelined for now..