Straits Times Index   

STI to cross 3000 boosted by long-term investors

now market very unpredictable... DOW down, STI may up. This has been happening for the past few days.

 

as mentioned before, i dun like the STI volume today. hope tomolo will not break 3000 thou if i am a bb i sure to break the 3000 to trigger ppl s/l.

but than i saw some divergences in dow which i think may help us have some rebounce soon, provided the divergences didnt break. tomolo is option expiry for US hence i expect wild swing for DOW this week.

 

what a rare big gain from the local market yesterday...many ppl buying up and the feeling was good on a Thursday...but now...seeing the DOW so red at current moment...and it is Friday...this big gain...might well turn towards an opposite direction

 

indeed.. if u look at todays negative and bak positive.. tat's more than 100pts gain..

almost hitting 3150.. just short by 3.87pts..

 

been a long time since seeing such gains in the STI

 

i dun think it is what fed do that makes the market rally, i believe more govt is buying us shares to prevent us from going into recession and prevent their money from becoming worthless. either they spend 10% of their reserve or they can be well have their USD value down by half..

This recession may be slightly delayed by the dumping of funds into the us market

 

tis could b de news of why de shares shoot up..

Federal Reserve Chairman Ben Bernanke Appears Open to Package to Stimulate Weakening Economy

Link as below:

http://biz.yahoo.com/ap/080117/economy_stimulus.html

 

Hahahaha.,...Short covering now. Shortist are getting burnt. Hahahaha....STI will end even higher....

 

yes....still pretty bad market unless Fed cut rate by 1% tomorrow

 

Let's see what really happens at end of the day today.

Nice chiong, but looks too fast. Anyway there's still more US news coming out tonight. Plus Merrill Lynch.

 

dun be too quick to jump to the bull. rememeber the aug? the rally was short lived before a even more massive decline with the heaviest volume on the day. just compared the volume and u can see today's volume is low... if u see 30 nov when the bbs dump their shares. u will know today volume is low.

also we need tomolo and monday to confirm the reversal. it may be just a 1 day rebounce due to oversold. technically we still in downtrend till it break abovw 3300 only then we can tok abt up trend.

 

tomorrow might be RED again

 

yea....never see such a big gain since start of the year...

 

cashiertan,

Exact sentiment regarding thin volume. I mentioned it earlier also. But I feel that we should savour this moment for a while. Never see this since the start of the year ?

 

huatah,
When it reach 3150 and my shares recover, I will run like hell......Hahahaha.... I still holding Hyflux Water Trust leh.... *&%#$@

 

volume is my concern.. too low for my liking for a reversal. may be a rebounce, i keep my finger crossed for the moment..

 

The Year of BULL won't come until next year....hahahahaha

 

Now I have deeper respect for cows. LOL.

Go bull go!

 

lazyhorse.. i look at 3150 as resistence level now.. haha.. i also hope it could clear this and become support level.. a Sturdy one..

Cheonggggggggggggggggggggggggggggggg ahhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhh

lol

 

STI at 3118