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Watch the Dow Jones futures. It's partly responsible for the low close. Volumes only 1458m...
Let's hope tonight's Dow closing presents a lift...
.
Saying the drastic fall is due to routine profit-taking is too simplistic...
maybe there's more to it...
200MA is around 3500. STI has gone above it, should be able to go higher. There will more days up than down.
woah from +0.4% to 0% in 5 mins post closing. lots of seller..
natural profit taking lah... sti rallied strongly for 3 days, so tech is overbought; dow futures are red, US/Yen is dropping, hsi dropped from +290 to +14, so our little lamb sti sure to follow....
dunoe leh, but sti overbought. drop also understandable. as long drop less than it climb can le.
Wow..how come the sudden drop acroos the board? Anyone has any ideas?
Cashier is right on track!...
Downtrend is on the way... More Puts will rise...
may dip till 3435 region if retracement starts now
yea. locked in my calls earlier and got some puts for tmrw. looks like rapid trading for this period. urgh.
be careful of last 5 min after the bell. may--i repeat, may only--see friday's phenomenon of sudden large lots buy up or sell down on some counters. with thin vols, this means change may be drastic.
drop 50+ point from high. thats is 1. 3%
yah no point predicting here, just anticipate it in adv so u know when to cut when the going still good.
at time like this predict also hard, just like just now, the strength of sti suddenly aurge again ard 11am however maybe just one last run. over bought region now.
Therefore, in this regard, it is
totally futile to make any recommendations to others, since there's such a diversity of conflicting and contrary views existing at all times...
By the way, why not listen to our Australian
loving couple's wisdom to avoid the pitfalls of needing to predicting?
When it comes to the stock market, it doesn't matter an iota who predicts what and whether the prediction is 'prophetic'... or not....
What is important is our readiness, at a snap of the fingers, to admit to the market beast our wrongs...
markets cannot go up and stay up all the time.. it will need a breather..most prob this week..
for those who listened to my call to buy during the dip during november.. my opinion for this week is to sell into strength... and wait for markets to dip... then go in again during the dip..
SPH,SMRT,COSCO,SWIBER are some counters you may consider...
STI has increased to the all time high.... Not a good sigh.... Should drop in hours or days. Becareful... and Cautious... Esp. SGX
market will continue to try higher high until 14-18th January 2008 as predicted few weeks before...good luck :)
Mani, sell down of 300-400 is nothing for dow.
