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hahaha double and tripple bottom also no use..more like a signal failure pah...hope for the best and pray for the worse for tonite....
it is worst than i had expected.. r there still tomorrow???
Wah pian... double bottom.. triple bottom.. and where's de bottom..
This is not roller coaster at de moment.. tis is plunging...
almost all counters took a reverse direction now.. guess all worries abt tonite DJ reports..
5 big news announcements are coming out tomorrow night regarding US economy; i.e.
Retail sales, core retail sales, PPI, core PPI, and the empire state business conditions index.
High retail sales would indicate continuing consumer spending, drop would be sign of waning consumer confidence. PPI indicates the cost inflation as seen from the perspective of manufacturers in US. Too high = more inflationary concerns = rate cut magnitude reduction would be considered by the Feds.
for it to climb back up 3300...at the current moment need a spur of energy to go back up 80points~! yet to see tt surge of power in 2008 yet for STI...hopefully it will arrive this week...even DOW has shown the power it has to drive up...even for a short spurt...
should able to see it crosses above 3300 again but may not last for long
yea hopefully so to have it open green and close green...very long never see good gains from STI even when DOW gained positive 3 digits last wk on two days...
lets hope the STI will benefit from DOW.
Tomolo got important news of US CPI or something, regarding inflation.
as mentioned earlier in the day i am lookin to buy on dip, bought a small amount of HSI call warrents as i cant buy STI related CFD or index etf.
yes i agree we can buy the STI ETF which represents the 30 stocks in the index...however most of us look into buying stocks outside the STI component as it is more affordable...the STI i feel is wad it gives towards the Macro-environment outlook
Well cyjjerry85, you can buy whole component of 30 stocks in the index through STI ETF, can't you?
Side track a little...
Wanna share with all forummers here...let's do our part to help the environment...
http://www.suprememastertv.com/bbs/board.php?bo_table=holidaycard&wr_id=112&url=link1_0
Looks like the STI wanna test the 3000 level again soon.... Question: Can it hold confidently above 3000 and rebound strongly like in the previous 2 rounds? If not, where will it go down to? ... million dollar question?
I think if we base on the old STI, today's drop would be in the region of -90. There are so many stocks outside the new index that fell real hard today......
tanglinboy: I tink the revamped STI consists of only about 30 stocks so the movement can be very big. If 10 of them in red you see movement liao. Which is one of SGX plans to seduce ppl to play with market indices and earn monies.
What a crap day... STI now down 71 points.
yes, they have cut down to 30 stocks for the new STI
k, quick count:
3,150 is the first support. then the fall is to 2,800. quite steep. upside is limited to 3,450. pls take note that the sti doesn't appear to be representative of entire market. fyi.
when i come to this post, there is a pop-up windows asking for password to a place , I presume there is some 'bug' or other stuff.
could a kind members please inform admin to look into this and perhaps resolve this pop-up
thanks