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Next resistance is 3140?
Dear Vitorf,
Could market test FTSTI >3,300 soon........ 80% chance now?
market will still try higher high till mid april....good luck :)
3100 resistance level very strong.
| gnoik14 Member |
Posted: 25-Feb-2008 21:14 |
 x 0  x 0 * Alert Admin |
can i noe wat is the diff btw force-buy and force-sell? |
force-buy (actually it's called Buy-In), normally occurs when u short-sell a position and failed to buy it back within the same day. Then your broker will commence a Buy-In for you on T+4. The price of the Buy-in is the higher of the Previous Close + 2 bids, the Current Last Done Price, or the Current Bid Price. You will then pay the difference between your selling price and that buy-in price, + brokerage, GST and clearing fees.
Force-sell, is when you bought the shares, but unable to make payment for the shares within the settlement date. Your broker will then sell off the shares upon settlement date. By rule, settlement date is T+3, but you can negotiate it with your broker.
something to share from CIMB this morning 26 Feb:
STI - The rebound could still continue
Immediate outlook: The Straits Times Index?s (STI) closed the week at 3,048.64, easing 40pts or 1.2% week-on-week. There was not much action last week as the market was pretty much sideways. Its indicators have stayed in the positive mode but its RSI has started to flatten out. Is the buying momentum easing? It is too early to say right now. So long as the index do not fall below the 2,920-2,940 support level, the STI could still continue on its rise to retest the breakdown level of 3,268 next. A break below the said support could send the index falling to retest the Jan 22?s low of 2,746 once more.
Medium-term outlook (2-6 months): The breakdown from its middle band support of 3,220-3,350 in January is bearish for the medium term. The index fell and tested its major trend line support at 2,768-2,890 before rebounding sharply. It is not out of the woods yet as its weekly indicators have remained negative. Nevertheless, the bullish engulfing candle suggests that it could rebound from here. It needs to overcome the support turned resistance of 3,220-3,350 now before the long term rally can continue. Until the breakout, the index could continue to consolidate and build a base within the 2,680-3,200 level.
can i noe wat is the diff btw force-buy and force-sell?
Wah... CPI increase so much....
if only my salary also increase that much in Jan.... Hahaha...
Sideway....pending for direction from Dow...
well...guess now we shall anticipate from the DOW tonite's performance
Singapore Jan CPI 6.2%, highest since 1982 on higher transportation and food cost..
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| SINGAPORE (Thomson Financial) - Singapore's consumer price index likely rose to another multi-year high in January as costs of food and transportation escalated, economists said
The 2-percentage point hike in the goods and services tax, which took effect July 2007, may have also continued to lift consumer prices Four economists polled by Thomson Financial had forecast annual inflation in the city-state to come in at between 4.5-5.6 percent for January. In December inflation accelerated to a 25-year high of 4.4 percent Consumer prices probably rose between 0.3-0.8 percent in January from the previous month, according to the poll The Department of Statistics will release the CPI data at midday "Little respite [is] expected on Singapore's inflation front in the near term, especially ahead of the Chinese New Year festive season," said Selena Ling, economist at Oversea-Chinese Banking Corp The Lunar New Year fell on the first week of Februay "We would have a lot of food price pressures coming from the region. China was hit," said Vishnu Varathan, economist at Forecast. "Food inflation in the region has been very persistent so that would be one prime source of inflation." China's CPI rose 7.1 percent in January from a year earlier, the highest in more than 11 years, largely due to food supply disruptions caused by snowstorms in the mainland Singapore's inflation last month may come in at 5.5 percent, on account of higher property tax payable that come with the revision of annual values of properties, said Alvin Liew, economist at Standard Chartered Bank The Singapore government recognized the strong inflationary pressures building in the economy, prompting it to raise its inflation forecast for this year to 4.5-5.5 percent from 3.5-4.5 percent. Inflation averaged 2.1 percent in 2007 But the Monetary Authority of Singapore - the de facto central bank - has said its monetary policy of allowing a gradual and modest appreciation of the Singapore dollar's nominal effective exchange rate remains appropriate The MAS reins in inflation by managing the movement of the Singapore dollar nominal effective exchange rate against a basket of trade-weighted currencies. A policy of modest to gradual appreciation of the Singapore dollar has long been maintained, with a slight tightening bias adopted in October last year when inflation started creeping up Forecast's Varathan said while Singapore's inflation will likely peak above 6 percent and could even top 7 percent in April, the MAS is unlikely to tighten its monetary policy given the strong downside risks to the economy if the US economy significantly slows this year "While they may still play the Singapore dollar at the top end of the [trading] band to keep inflation in check, I do not see them raising the midpoint and I don't see them steepening the band just yet. They probably would want to have a good measure of caution and not want to tighten," said Varathan Below are the CPI forecasts Year-on-year inflation: CIMB-GK - up 5.6 percent Forecast - up 5.5 percent Standard Chartered Bank - up 5.5 percent OCBC - up 4.5 percent Month-on-month inflation: OCBC - up 0.8 percent CIMB-GK - up 0.4 percent Standard Chartered Bank - up 0.3 percent Forecast - 0.3 percent (1 US dollar = 1.41 Singapore dollars) pearl.bantillo@thomson.com MMMM |
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European Shares sets to rally after US Bonds rescue plan.
looks like the bear is coming out....
| GAINERS | LOSERS | UNCHANGED |
| 200 | 200 | 155 |
sandwiched is wad i think we can describe ourselves...who is stronger now? the influence from the US (impt data coming out this week...) or will the Asia power house pull us?
China market seems to pull Hand Seng and India with it...
Financials gain; sovereign fund talk boosts Tokyo
HONG KONG (MarketWatch) -- Asian markets started the week on a mostly upbeat note Monday, led by gains in banking shares such as Mizuho Financial Group in Tokyo and National Australia Bank in Sydney amid speculation financial groups in the U.S. may join to rescue a troubled New-York based bond insurer.
Nikkei went up too high today la...
China market is down by 130 points, near to 3%....
yea agree...the Nikkei is rushing up madly....it makes one ponder wad could happen tml...once again...high risk high gains for ppl who wishes to buy up today...seems like 50-50...some greenery mix with red
with dow futures up 62pts, may see a higher closing near 3100 today..
in the short-term, we may still be taking price signals from US
but as it soon enters deeper recession, we may see reverse coupling from China in the long-run