Straits Times Index   

STI to cross 3000 boosted by long-term investors

Chheeeeeooooonnnngggggg  Aaaaaahhhhhhhhhhhhh.....................Make 3150 as support level.......

 

the year 2008........our FIRST time seeing STI closing and making the highest gain this year....wa lauz...17 Jan already....tt's a long wait

 

FULL STEAM AHEAD........Cheeeonnnggg Aaaaaahhhhhhh..................

 

Volume looks a bit thin though. Hope it's sustainable.

 

STI intraday showing triple top..have to break this top to move up further..

 

most blue chips make a beautiful U-Turn..

 

 

looking at closing abv 3100..

 

I sure hope the close > open. no need for close at top of candle.

Waiting for the beautiful tweezer pattern.

 

Cashiertan,

If  STI can hold the gains today, it will be a good start. Like you, I believe the market is bottoming out very very soon. Counters with good fundamentals are now going for a 30-70% discount as compared to 2 weeks ago. I am sure that fund managers will be coming into the picture soon..

 

if today can formed the green hammer with closing abv yesterday high will be good. however it seem the rally happen abit to early to my liking. i would prefer a late hours rally... banks stocks holding well thou merril lynch reporting tonight, was expecting STI to break 3000 before a rally. if i am wrong i am still happy as most should know i am looking for a reversal as posted earlier..

 

2 weeks ago, the army of Shortist overwhelmed and conquered the city of SGX leaving the army of Buyers totally defeated. A bloody carnage took place continously for 2 weeks with the army of Shortist killing every counters in sight mercilessly.
Now the army of Buyers has consolidated and are gaining in numbers day by day. They have the full intention to recover their lost city. A battle between the 2 armies is going to take place soon.
Who will emerge the ultimate winner ?

 

 

check out www.investasiaonline.com ...'live' streaming of the STI...currently..SUDDENLY surging upwards!

 

i am wrong abt HSI but still happy it goes up. i think the BBs has played us, the retail investors enough le.

 

good argument.. de test of 3000 really no joke.. but then.. de openin of 2nd half seems to push all things bak to 1st half opening.. close to it..

de intraday movement is wide.. kind of scary.. let's c how it perform after 3pm..

 

I feel that its just a temporary short covering.. should have another round of selling and retest 3000 level.. Once break, I think STI can head straight for 2800 liao..

Now the bears are definitely laughing while all the stubborn bulls are suffering big losses..

 

Just follow the market...when its down we short and when its up we buy....so don't really care about whether its up or down as it still can make money....

 

i think we see a blood red later. korea kana sell down like nobody biz and mostly foreign funds. i hope it is just their market and isolated issues.

now HSI also dun look positive

 

it is really a warfare out there...Shortists vs Buyers ....

Shortists

•  Making use of the current sentiment to short and earn quick bucks now
•  Bringing the market to a lower point

Buyers

• Believe in great bargains now...keep buying because buyers believe it is of the lowest now
• Having the hope that downtrend is already at its lowest...bottom out soon shall rebound
  

so ya guys out there....some are shorting the market...some are buying up...while many others are just monitoring waiting to get into the action or are actually out of the market because were burnt

 

it is good we have constructive discussion here. it can help us on what the market may move.