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62561-62580 of 69565
typo error...3192 i mean....jet lag from Taiwan trip :)
Is it 3192 or 2192?
Hi, victorf. please explain "and will not break 2192 resistance." Thank you.
when we called for uncertainty mode in April 14th, index is around 3126...when i am back from business trip from Taiwan this morning, index is around 3138 as expected a month ago (and will not break 2192 resistance)....the uncertainty will end within these few days and my advice is to buy on dip....the recovery certainty mode will then last till 18th July 2008.....good luck :)
Let's see what USDyen does. Nice rally due to gapcovering on Nikkei. Took profit on HSI calls. Will see what to do with mkts in afternoon.
Stay neutral. Europe has yet to account for the full plunge of the DJIA. Likely to gap down a bit.
STI dropping only about 40 points past 2 days when Dow dropped more than 400 points over the same period is not bad:)
crazy market
AK_Francis ( Date: 22-May-2008 09:38) Posted:
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Will the same U turn happens today as well? Just stay tune.
just back from business trip in Taiwan...market will be out of uncertainty mode soon and buy on dip...will post exact date on recovery till when...good luck :)
Still downtrend on a global basis. Unless somehow USDYen goes above 104.15.
Asian markets are frankly still in a downtrend despite the immense intraday rally in HSI & SSE. Buy & sell intraday rather than holding overnight may help in survival during these trying times.
For tomorrow, Nikkei must stay above 13955, 13868. Breaks below these will likely lead to massive selling. 13734 key final support. Break above 13994 is bullish.
HSI - 25253 is support; break may lead to drop to 25042; intermediate support 24929 & 24911. If these 2 break, downtrend still continues.
STI - must stay above 3188. Break below will lead to significant selling pressure. Intermediate supports at 3159, 3147; support failures may lead to fall to 3119.
Siam Siam...don't be the last one carrying the baby...
u hv hit the nail on its head....best is do nothing until stablisation is in place.
The market nowadays is very confusing. Things can change radically over a few hours.
I thought the market recovered very well from the morning -40 plus to close only -2.98.
Here's a summary for the day:
S'pore shares close down 0.09%
SINGAPORE share prices closed 0.09 per cent lower Wednesday as oil prices surpassed 130 dollars a barrel, highlighting concerns about their impact on inflation and economic growth, dealers said.
The blue chip Straits Times Index fell 2.98 points to 3,196.90 on volume of 2.17 billion shares worth 1.9 billion Singapore dollars.
Rising issues led decliners 319 to 299 with 970 stocks unchanged.
The price of oil hit a record high point of 130.05 dollars a barrel on Wednesday on anxiety about stretched supplies in the face of strong demand for energy, and as the dollar weakened, fuelling inflation fears.
'Inflation is not a new issue but the continued rise in oil prices is making the market nervous,' said K. Ajith, an analyst with UOB Kay Hian.
The market's pullback presents a buying opportunity, said Najeeb Jarhom, research head for retail markets at Amfraser Securities.
Banking shares were mixed, with DBS Group dropping 20 cents to 19.80 dollars, United Overseas Bank down two cents at 20.02 dollars and Oversea-Chinese Banking Corp steady at 8.90 dollars.
Property heavyweights ended slightly lower, with CapitaLand sliding six cents to 6.60 dollars, City Developments down six cents at 11.62 dollars and Keppel Land shedding three cents to 5.70 dollars.
Singapore Airlines gained four cents to 16.06 dollars and Singapore Telecommunications was steady at 3.68 dollars. -- AFP
Personally, I keep accumulating PENNY STOCKS All potential Penny with share prices <Sgd. 0.10 now. I consider its about the right time to do it, since Penny stocks price are at their rock bottom (lowest end prices). Expecting gigantic rewards of holding about less than 2 years perhaps!!!
Though lake is calm, catches were not bad lah. I think for our Polar Bear as well. OK eyes squint alrdy. Give AK a tiger loh. See you all after DJ opens. Cheers.
PS. Remember to Q now, make changes 2morow.
i personally we depend alot much on HSI rather...DOW was so deep into the red..our opening first hour often follow the DOW...just like the chart i posted below...after HSI comes into play...we follow them..
DOW red...but HSI green and STI flat...very contradicting market isn't it..
today's volume is pretty high
shplayer ( Date: 21-May-2008 17:50) Posted:
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European market currently all GREEN.
But, all depends on DOW tonight.
Henry$$$ ( Date: 21-May-2008 15:19) Posted:
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really wad a day........wad a day... Singapore stocks closed lower with the benchmark Straits Times Index down 6.84 points, or 0.21 per cent, at 3,193.04
Some 2.1 billion shares exchanged hands. Gainers beat losers 319 to 288.