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This is because I find the market signs more sinister than simply "boring' as Elfin had put it...
Care to elaborate on the 'boring' part?...
Dow up +215 pts last night, but today's STI is so precariously weak...
Question is where are the bulls when they should be out in full force today?
Maybe Elfin can enlighten us with some preferably lengthy discourse..... 
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zzz. man oh man, can a market get any more b.o.r.i.n.g.... 
The odds are definitely not in favour for both long or short at the moment. Better stay aside and observe... :))
hullo, not quite so sure yet. by my count it'd either do a big dip to 3,200-3,000 (then big rally), or the 3,300 support would hold (ie, modest rally). til new year for capricorn effect. may be a bit early to say--pending major US news on thurs--but looks like 3,300 is it... which also means slim pickings for stocks tho...upside perhaps abt 15%?
need to be careful contra trap this thurs and fri, from the mon mini-bull.
lets nibble slowly....remember, rather a live chicken than dead tiger!
hahahahaha! there's the thought for the day. ;) cheers!
Just realise alot of counters MACD is closing at bottom.
Elf, do u think the last major dip we expecting is done yesterday?
agree, when volume are low, it means the market is easily manipulated by the smaller bbs as financial institution didnt come in. something like the enuchs fooling ard when the kings and emperors are away. the massive swing cant be trusted. however major trend line and support and resistance they dun dare to touch.
Volumes are really terrible today. There's very little interest in the stock market now. With low trading volumes, STI index changes don't really mean very much anymore.
Absent for a week, did I missed out any good bargain?
The character of STI is like the Han Emperor Lui Pang .... :))
the after lunch mini rally should be fading by now or soon. momentum weaken
i was thinking why temasek didnt buy into citigroup too? after citigroup is the biggest employer in spore after the govt. buying a big stake can allow us more "reason" for citigroup to contd in spore.
the oil traders ruin the economy by speculating of oil px till so high. those few ppl make so much at few ppl expense.
recent selling was make worst by the yen carry trade where the institution sell in bulk at stocks to return the loan to BOJ. yesterday dip was another case where the institutions and hedge funds cash out to reduce their loans.
Subprime is not the main issues now, more of yen carrytrade and oil px.
i've been advocating every time STI corrects more than 2% just buy (STI related index weighted shares or those with good fundamentals)
go up >2% just sell..
now with the abu dhabi rescue...there possibly have a rally.
Citi Sells Stake to Abu Dhabi Fund
Abu Dhabi's Sovereign Fund Agrees to Invest $7.5 Billion for a 4.9 Percent Stake in Citigroup
November 26, 2007: 11:51 PM EST
This article can be found on CNN website.
This might be the factor that is pushing US futures so high for now.
Citigroup has been the worst hit company from the subprime crsis and now help has been offered. What will be the sentiment of the market?
I feel there will be more help on the way for other badly hit financial companies and banks. Since the fundamental of most of the badly hit companies are sound but due to the fear striken investors who lost confident in these companies they have greatly disposed the companies share and cause them to be below the companies intrinsic value. Therefore investment companies with huge capital would be happy to grab a bargain now.
there is bullish divergence in DOW but not STI. plz note divergence dun mean it will rally back to norm again but a signal for potential contertrend.
It true that Dow closes below the August low. It is still above the March low.
The intermediate trend may have been broken but the long term trend is still intact.
If the Dow rebound from tonight onwards and break the October high the bull will still be alive. Its still too early to say whether the bear has arrive. Last night's closing of the Dow signifies that it has reached the 10% technical correction level.
In August, Dow also starts to recover once it hits this 10% technical correction level.
So do not hit the panic button for now.
Just my 2 cents worth.
Dow theory cofirms bear market -correct 90% of the time.
Close below August low on the dow last night.
Cut most of stake if market continue plunge. Yesterday rally may be a "trap"!!
http://henryhts.multiply.com/
Welcome to Bear market.
Bull, see you again when DJIA hit below 10XXX.