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64361-64380 of 69565
there is no good reason for the shares to drop at these level and it is STUPID to sell at the current price (IRRATIONAL PESSIMISM)...as said before, this provides apportunity for long term holders to buy the shares (do not buy all at one time but bit by bit as the uncertainty may end within 6 or 14 days time..exact date to be confirmed and i will make a call)...good luck and not for contra trading
Look at our bank stocks...really very attractive prices already.
STI opens down 115.01 points or 3.9% at 2802.14.
Tokyo Nikkei open with 550 points DOWN more than 4% drop now... let's see STI really going to break 2800 points today?? wow..
Any good TA analyst bar none will tell you to stay out for the market , look at the breaking of all the different moving average ,the breaking of trendline , the long black candle means that the downward momentum is intact.
However, this is a real bargain hunting season too?? Let?s look at history, last 24 years , there are only 4 occassions that the sum of ROC has reach more than -50
1) Oct 1987
2) Aug 1990
3) Jan 1998
4) Jan 2008
Market has reached those black swan event.
If you have contra( which I dont encourage), STAY OUT. I think we still have some more downside to go. Downside target 2850
If you can hold at least 1 years, history has shown that the success ratio is 100%
To see chart , please visit my blog
HSI likely to hit below 23K today due to subprime crisis spilled over to chinese banks.
That's goes to STI...
now...tt's wad i call a more credible analysis...technically sounds right....thks for the sharing...we shall see further on the market outlook
Expect the bear to end at 61.8% retracement of (3899-1209) at 2236 at around Sept/Oct 2008.
Make a study of STI (daily closing) using Yahoo. Wave 1 started at 1209(11/03/03) up to 1909 (27/01/04). Wave down to 1822 (12/03/04). Wave 3 up to 2511 (07/03/06), Wave 4 down to 2311 (13/06/06). Wave 5 up to 3899 (10/10/07). The bull had ended on 10/10/07. Using Fibo 61.8% retracement of (3899-2311), we got 2917 which is 21st Jan 08 STI. So 2917 is the 1st line of support, if not then 2511 could be a strong support.
"If I were walking along a railroad track and saw an express train coming at me sixty miles an hour, I would be a
damned fool not to get off the track and let the train go by. After it had passed, I could always get back on the track again, if I desired. " - An investment wisdom from a great genius speculator.
Again and again, candle stick chart shown its very high level reliability -- a must have Swiss Army Knife!
 x 0
 x 0 |
Traps. Full of traps. Don't get yourself allured. |
x 0
x 0 |
Surprise, surprise, surprise!!!
Candle stick says DOW becomes bearish for coming days after tonight! ! |
If you bought at high, be patience may dilute your hard earned money. A lot of counters have plunged more than 50% since last correction, typical example is Centilion. So do you think they can surge to its peak in a year time? Maybe!
Quick and sharp action is necessary for current market. It is a Casino games now! Win and lose is 50:50 if you still in the market.
http://www.freewebs.com/henryhts
FTSE still bleeding, 5%
Plenty of blood on the streets ...... more coming until CNY.... red red like ang pow colour...
Me too. Jia Lat. As a newbie, learn the lessons the hard way. Should have changed the password to the recommended one: patience patience asshole.
add to the list, India and Europe...
depend on how further chinese exchange and HK correction
Eh! Bullmarket boh liao? Analysts' projection of STI hitting 4K oso boh liao? Now let me predict :- wait for another
5yrs for the next bull cycle. Analyst can predict, I oso can. Luckly never listen to dem. Get out of dis scene 3 mths ago.
Sad dat ppl being hit hard. A close frien being hit big time. Pledge shares to bank & loaded up even more. Very jia-lat.
When the markets are on the uptrend : "buy low, sell high and then buy high, sell higher." On the other hand, when the markets are on the downtrend : "sell high, buy low and then sell low, buy lower." -- crazy_fave.
The title of this tread is really very true for now.....crossing 3000...cheers. Tomorrow will be a better day!
A rate cut will provide an excellent opportunity to exit on the rebound...
Bears can be very nasty animals...
If one loses money, it is not because the market is a bad animal...
It is simply
due to our own opinion/s...
