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STI to cross 3000 boosted by long-term investors

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newmoon
    22-Nov-2007 15:19  
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No country in history can devalue it's currency and hope to prosper.

Saying they want a strong US dollar and  at the same time printing more paper currency makes no sense at all.

Prepare for a bad bear market starting from USA.
 
 
baseerahmed
    22-Nov-2007 14:38  
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elfinchilde :

Thank you very much for pointing out the contradiction by Hulbert. Another valuable lesson learned from u .

Actually was looking at Dow Theory : DJI and DJ Transportation charts but glad to have learned more .. : )

 
 
 
ericsim
    22-Nov-2007 12:43  
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happyse27,

sincerely hopefully you are right and i'm wrong.

cheers!!
 

 
moneyface
    22-Nov-2007 12:38  
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thanks for your call. will try to recoup some of the losses i made this month. Smiley
 
 
happyse27
    22-Nov-2007 12:33  
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Hi Victor,

 Thanks for the comments. It is indeed true for half cup rule. If it goes 3000 points for STI it would rebounce super fast, around 3300 now it is not that bad.... The general markets might be going down. But some who are good at day trade or good at mid-term via TA and fundamentals will make... Anyway, best fear is worst buy, have experienced lots of time.

 The big brothers / big investors are playing some tricks also to shot to drive down the market for bargain buy. And then buying up again in short while. Most usual fund managers have quotas, only some fund managers don't go for short term.

 Watch out for good news soon. Bad market news are coming to an end.

 

Cheers...

Happy
 
 
happyse27
    22-Nov-2007 12:19  
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Hi Eric,

  I see, maybe as what you stated... Thanks.

  But however, the market is already predicting the trend for oil to go higher. And USA market is already struggling for now and near future, so it is poised to go up  driven by Asia(including China and India) although USA accounts for much export, probably end Nov /Dec slowly pick up...

 

Thanks,

Happy

 

 

Thanks,

Happy
 

 
victorf
    22-Nov-2007 12:15  
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there is no such things as bad or good news for the market...it is all in the mind of individuals (half empty or half full glass)....we listen to market, not to the individuals or media, and not even to ourselves......good luck :)
 
 
ericsim
    22-Nov-2007 12:13  
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expect to rebound?? provided no more bad news & oil < usd90. it will take another 2-3mths(min) to recover. i think it's time to go fishing, i mean real fishing, to refresh/energise myself back again.
 
 
happyse27
    22-Nov-2007 12:12  
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Today is Thursday 22th Nov, next week is end of Nov... Market is beginning feel cheap for alot of GREAT stocks...

 

Cheers...
 
 
victorf
    22-Nov-2007 12:11  
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certainty is back to market and recovery will start from 26th November 2007 till 14/18 January 2008....buy on any dip for recovery as market will try higher high (rather than lower low from 15th Oct - 23rd November, and higher high for 23rd August - 15th October)....as always said, market will be the best judge for our call (see now around 3300 plus and in 14/18 January 2008 the index)....good luck :)
 

 
happyse27
    22-Nov-2007 12:09  
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Hi all,

   The USA subprime thing is causing problem and global market slowdown. But it is good in long term as China growth and other countries can be rationalized and not overheated so fast.  Also banks are making other money other than subprime like deposit and savings and they have always provision for bad debts. So long if they are running biz still the subprime is already factored in... China's underground banks activities is being hit quite a while. So markets very soon coming up...In fact Hang Seng up today...

  THE  worst fear is the best buy for mid-term to long term... Cheers...

 

Happy....
 
 
cashiertan
    22-Nov-2007 11:52  
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asian market seem to expect a rebounce of DOW on fri or next week. if DOW dun rebounce than expect more correction
 
 
elfinchilde
    22-Nov-2007 11:35  
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Hulbert appears to be contradicting himself: read the other articles abt insiders' bullishness, bull/bear sentiment and gold.

traditionally gold will move opposite the stock market, since when markets crash, there's a flight to safety to gold, which is traditionally perceived as a safe haven, esp when USD is weak. The guy's saying gold is a temp retracement, long term up. the guy's also saying dow theory is sell, yet:

"Corporate insiders' recent behavior suggests that recent weakness is a mere correction within an ongoing bull market and not the beginning of a major bear market."

Like, huh? If in two different articles, one predicts an up, and the second calls for a down, then end conclusion is: he's always right.

 LOL. moral of story: never believe all you read, follow market itself.

 
 
 
ozone2002
    22-Nov-2007 11:15  
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STI support seems to be at low 3300...

i've been bottom picking everytime it hits that level...was expectin a lot of margin calls today but don't have lei.. bounced up instead.. grrrr!

am i the only person takin a contrarian approach here?..everyone else stayin outta the market?

buy low sell high man... december "rally" coming soon..
 
 
baseerahmed
    22-Nov-2007 11:05  
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Dow Theory says sell

Commentary: All three Dow Theory newsletter I follow are now bearish

Mark Hulbert

http://www.marketwatch.com/news/story/wednesdays-close-triggers-dow-theory/story.aspx?guid=%7BA7562248%2D7392%2D4891%2D8FDE%2D79619507C729%7D

 
 

 
Manikamaniko.
    21-Nov-2007 21:00  
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You are right...

When the big investors get out (by gradually slowly disposing their holdings) and stay out, there will be no bull...  Smiley
 
 
singaporegal
    21-Nov-2007 20:55  
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Overall market volumes are getting really low. This leads me to believe that the big boys are staying away from the market for the time being and the retail investors are the ones getting clobbered. 
 
 
teeth53
    21-Nov-2007 18:43  
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It's as good as going to test 3,200 again after the steep climb, down -91.07 to STI 3,347.20 pt Smiley (Just a reminder: 5-Oct-2007, the climb has been rather steepSmileySmiley, so the down side is oso equally as steep). Smiley

Just sharing my tot. YA !!! Smiley



05-Oct-2007 22:48 Straits Times Index   /   STI to cross 3000 boosted by long-term investors
STI climb has been rather steep just before Sept and still climbing, do trade with care.
 
 
teeth53
    21-Nov-2007 18:23  
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Just FYI: Last three (3) recently successfully IPO-ed went under waterSmiley

 

Z-Obee Opened 0.285ct Closed 0.285ct

Volume:

47,422lots
Offered 0.340ct

Down -16.18%


 

LippoMapleT

Opened

0.665ct


Closed

-0.010ct


Volume:

7,691 lots


 


Offered

0.800ct


Down

-16.88%


 

ChinaNTown

Opened

0.595ct


Closed

-0.075ct


Volume:

43,390 lots


Offered

0.830ct


Down

-28.31%
 
 
Manikamaniko.
    21-Nov-2007 18:09  
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Livermore...  :)OK...  Smiley
 
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