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today plunging ....and looking at the volume for our morning session up till now...it is quite big in terms of larger than average volume...we might now see close to 2 billion in volume at the end of the day if it is of like yesterday
doesn't look very pleasing now...HSI and Nikkei are plunging VERY steep and deep now
we shall be waiting for the cue from HSI soon
we might just see much lighter volumes today...jux a personal guess and observation
then must be the most obedient dogs wor!
Today afternoon... all shortbros smiling toasting kopi-o... all longbros boh-pian drink tap water. Life is fair... every dog has its day... a time to laugh and a time to cry.
True.....locked in your profit while it last....
tis period of volatile market there is no sustainable uptrend or downtrend......these two months sentiment likely on downtrend....battle of shortists n mini-rallies' baby carriers, good 4 traders n hedge funds/BBs.
Thus during such times even for a stock when you see accumulation/distribution on uptrend and stock chart showing a strong uptrend, it may not necessarily mean a good buy. It would be best to start accumulating before the uptrend.
STI has been uptrending for many days. A technical pullback is expected.
Then again... people are cautious about the spate of announcements due tonight from the US.
from higher low to lower low sti support cud b 2800 n if 2800 broken, support at 2700 shud b strong.....if 2700 broken, then dunno where got support level (hopefully at 2500?).
please take my advice as below as a reference seriously. Caveat.
next 3 support point is 3128, 3080 and 3058. if EW is not wrong we will see victorf cystral ball prediction coming true soon. good luck guys
moneyface ( Date: 02-Apr-2008 19:29) Posted:
its just a warning take note the next point to break is 3128, 3168 and 3250 for it to be sustained. cannot break below 3080plus(closing only). but i still see that is should be capped at below 3300 even there is a real rally this 1 week plus. just BE CAREFUL as the EWI says that the grand super cycle already started last year(DJ) and when the 5th and final wave ends. the bottom is .....  take note i am still learning the EW not a expert yet. So i am sitting on the fence as of today... scared of the 5th wave up...
cyjjerry85 ( Date: 02-Apr-2008 14:36) Posted:
hi moneyface, hmmm...previously on Monday u mentioned that if we do not close above 3058 these few days...we might see the STI drop below 3000...now currently it is way above 3000 and even almost reaching 3150 (which i think won't be too soon la...)...however today u quoted that the final wave up before the big plunge?? so its up or down in ur view? thanks in advance for elaborating 
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hmmm...the thing about volume is that...last week (or two weeks before..forgotten le..) we also got once more than 2billion (volume)...and that was an upside....now today...the 2billion (volume) is on the downside...
looking at the past near term history...with the high inflow of volume on the upside we had our counters most going up...and now it seem we might take the opposite side of the track...
but we are still very much dependent on what the DOW has for us tonight
Ha now East and West also kena, what next boy. Tomorrow gonna be a bad day as well, I guess. Now, EU markets are red, though not serious. What else DJ can prove tonite, as there is no more good news in state. Hope crude oil price don't surge over US 100 tonite, if yes, eat grasses already.
yeah ...down 50 points...time to go grab some beers @ happy hr to celebrate..
we're still in bear phase people..any upside is ur chance to get out..
now we are in quite a red position...and is below the 3150 level...moreover the volume is above average at more than 2billion...we will really have to look forward to DOW for some cues...if they are in the red tonight deeply...then we should also be quite jialat already...
any comments on the negativity & volume for today? will the bear rally come to an end or is this simply just a pullback...
*grin* everything ozone2002 said.
locked out chinaenergy and golden agri this morn.
yeah put warrants making moolah..waiting for this moment..
looks rather jialat now for STI...we r very much influenced by the two Asia power houses - Japan & Hongkong ...our charts plunge when seeing them plunge....
good to have been informed about the DJIA...& yes indeed have noticed on the high volume traded today too...let's see how the end of the day will be like in terms of volume and whether we r in the red or green...if volume goes exceptionally high on red..then it might not be a good sign too...hopefully its on the up side
today's a major day for the DJIA. 2 impt news out. it's forming either short term triple bottom (bullish), or mid term M (bearish). still maintain it needs to break 12,750 on increasing vol for breakout to occur to 13,500. until then, considering gold has been up, the likelihood is sideways to down.
178investors has a good strat there tho. focus on longer term may be safer for small players.
