Straits Times Index   

STI to cross 3000 boosted by long-term investors

Depending on what shares you are looking at, it is to start accumulating at different prices

 

Today mkt weakness...sentiment is to sell, sell and sell when still above water.....hmm.

 

Hopefully the oil prices or crude inventories report later don't jeopardise this rally.

 

Ha HA HA.......

 

Finally USA Dow jones is singing the same tune with asia... going for a rally once more.... this is will quite a soild one with news like inflation within expectation and oil price retreat for the moment.... Hope it can be longer ..

 

Hope 3200 lvl will be the support as mentioned earlier.... chiong ar!!!!!!! 

 

I look at shares just like fighting a war. First I send out the commandos (buy a bit) to find out where the the enermies are. Then I try to surround the enermies (corner share price) (if you buy too many shares, your resources are depleted and you cannot pull in your forces and hard for you to corner share price). Just like in war when you want to surround your enermies, you spread out. Similarly for shares to corner the price, you average down with minimal lots at wider price range. Once I find the enermies weakening (share price moving up), I pull in more soldiers to fight (gradually buy more in 2 or 3 steps and best if your previous buys are at paper gain).  If the enermies prove too strong, then it is time to retreat and get more soldiers i.e cut loss.

 

 

Tks 85 for the valuable inputs. Natural disasters are unpredictable, as happened live lately. Hope, god keeps it a stop loh.

Q Kepcorp at 11.12 while a min before closed at 11.20, but still slower than others during preclosed period. Q on SIA n SPC same period, kaput as well. Had Q for the same counters for 2morow leow. To ensure not oversleep, put 2 alarm devices leow.

 

jux picked up this latest news release not long ago and thought could share with ya guys 

hopefully we Asians grow together yea~!

(from Straits Times)


Asian economies holding up: Merrill Lynch

ASIA'S strong economic growth will persist despite an ailing US economy as the region diversifies its export markets and a new breed of young and wealthy citizens drive consumption, investment bank Merrill Lynch said on Wednesday.

Inflation is a bigger risk to the region than a slowdown induced by a recession in the United States, the world's biggest economy, said Timothy Bond, Merrill Lynch's chief Asia economist.

Despite a global credit crunch resulting from a crisis in the US housing market, Asian economies expanded 9.5 per cent and China grew 11.5 per cent in the second half of last year, he said at a Merrill Lynch conference in Singapore.

In the first quarter of this year, the region is expected to grow a slower but still robust 9.0 per cent, and China 10.5 per cent, he said.

'I think we have a lot of evidence to support the decoupling view,' he said, referring a view that Asian economies are now in a better position to withstand the impact of a US recession, unlike in the past.

Mr Bond also noted that while Asian exports to the US were flat last year, shipments of made-in-Asia goods to the rest of the world expanded 19 per cent.

'I think the message here is that there is a lot of strength in the global economy despite some very clear headwinds in the US economy, and this is a region that exports to the world, not just the United States,' he said.

Asian exports to Europe have been growing 25 to 28 per cent annually due mainly to the stronger euro currency which makes Asian goods cheaper, he said, adding that intra-Asian trade has also increased.

'Europe has been the number one driver of Asian exports over the past few years, not the United States,' Mr Bond said.

Any slowdown in exports should be offset by an acceleration in consumption, powered by the emergence of younger and wealthier Asians who, unlike their parents, would like to spend their money, Merrill Lynch experts said.

'In the last five years, you have seen people become wealthier in this region... There's many more millionaires in Asia now than there were five years ago,' said Mark Matthews, chief Asia equities strategist at Merrill Lynch.

'So even if their costs are going up and they are complaining about the gasoline (and) their food, the fact is that they are living in nicer places, they are going on longer holidays and they are spending more.' -- AFP

 

what a swing we have today from HSI and STI ..as well as Nikkei...from such a deep trench we climbed our way back up...volume today is almost like yesterday's too..  1.3billion+

 

 

OK, must go online to see what to buy in the last few secs leow. Cheers.

 

ho ho ho!!!!! Reach soft ground of 3200 level once again..... Let's hope it become hard enough to become a support this time round....

 

A rally is in a making if that happen.... let's support it ok? cheers

 

yes, thks. hv the same sentiment, currently Nikkei +154 (+1.11%) SSE +87 (+2.46%) & HSI in red -358 (-1.4%) .

CWQuah      ( Date: 14-May-2008 13:30) Posted: STI looks primed for a possible recovery in the afternoon. Note Nikkei, SSE are creating uptrend channel now. Immediate resistance for Nikkei at 14093. If that breaks thru, strong buying will result. Those with short positions may want to take some profit first.

 

STI looks primed for a possible recovery in the afternoon. Note Nikkei, SSE are creating uptrend channel now. Immediate resistance for Nikkei at 14093. If that breaks thru, strong buying will result.

Those with short positions may want to take some profit first.

 

Big wok, overslept, woke up at 0935. Kena SIA quickly withdrew SPC n Kepcorp. AK Q yesterday on buying Crude Oil decline further but morning found otherwise. Still not that bad lah, blind chicken eat worm:)

 

today will be another boring day that not much movement for stocks...... hope recover in the afternoon session... there will not be any sell down likely....

 

Stays afloat at 3150 is the main focus,,,,,.......

 

Well said! Cashiertan! However, let's not forget that even experience traders can't be always correct, thus, the same goes to those so call "jokers" traders - can't be always wrong.

I strongly believe that ultimately, it still fall back to one's own responsibility and choice.All traders have to start somewhere from the base, learn from the hard or easy way before they eventually rise and some will become experience ones that will command respect from others like yourself and those which you've mentioned, of course there'll be more...

Lets keep it that way, short & simple.

 

cashiertan      ( Date: 14-May-2008 01:12) Posted: guys in this forum, as mentioned before. market is still in ranging mode. buy at support and sell at resistants wont go wrong much and wont cost u to lose your pants. those that sell today or take profit, good for u.   just remember dun trust whoever posted here even thou his ranking is high doesnt mean he is good trader. he maybe another jokers here to try make living selling ebooks or entertaining others. especially dun trust their prediction or so call TA analysis. Look to experienced traders like elfinchide, shplayers, singgal 's postings.  those jokers post here trying to grab attention, when they "guess" correct, they are loud. but when they are wrong? they keep quiet but poor ppl lose money becoz of these idiots egoistic losers.. dun let them have their ego boosted at your expense ...

 

won't take it to heart... we're all here to learn..n give + receive advise..

Hulumas      ( Date: 14-May-2008 09:58) Posted: Dear Ozone2002, Ha. ha.. ha... please don't be offended by my posting. ozone2002      ( Date: 14-May-2008 09:20) Posted: Hulumas, time will tell :)

 

Dear Ozone2002,

Ha. ha.. ha... please don't be offended by my posting.

ozone2002      ( Date: 14-May-2008 09:20) Posted: Hulumas, time will tell :)

 

Hulumas,

time will tell :)

 

Dear Ozone2002,

 

I wonder, will Mr./Mrs Market listen to you???

 

yesterday STI rise was on super thin vol...still sticking with my strategy...

markets will come  down

ozone2002      ( Date: 12-May-2008 22:14) Posted: trend for STI this week is down.. today STI up on super super thin vol like okamoto ..haha.. confirm down this week ozone2002      ( Date: 11-May-2008 12:07) Posted: strategy for next week... put warrant plays n energy related stocks.. key support for major indexes are broken..just like broke back mountain..haha trend is down for next week