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Bulls returned from holiday yesterday and started whacking their cash$$$ today.
BTW, Bears justed started their holidays today.
Bulls gonna rage again in the next few sessions.
Cheers ....
- US Futures & Markets Indicators
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| S&P 500 |
+13.50 |
1451.00 |
11/20 3:22am |
 |
| Fair Value |
|
NA |
11/15 4:14am |
| Difference* |
|
N/A |
|
|
| NASDAQ |
+20.75 |
2048.75 |
11/20 3:14am |
 |
| Fair Value |
|
NA |
11/15 4:14am |
| Difference* |
|
N/A |
|
|
| Dow Jones |
+100.00 |
13093.00 |
11/20 3:20am |
 |
| DJIA Contracts |
|
|
The STI is +29pts already in the afternoon...
But notice that countless of the stocks that have fallen today
did not gain at all...
but they are still down from yesterday's prices...
So much for 'rebounds'...
SINGAPORE (Thomson Financial) - Stock markets across Asia recouped most of their early losses in late trade Tuesday, led by Japan after a press report said the Federal Reserve will publish upbeat economic forecasts for the US when it releases the minutes from its October meeting later today.
The Fed will indicate it expects the US economy to pull through the current rough patch and regain strength in 2008, the FT reported on its website. The report will show that policymakers are much more optimistic than financial markets and may challenge expectations of further rate cuts, said the paper.
""Optimism here towards the US economy in addition to rumors of an emergency Fed meeting, also heard in late New York trading, resulted in a major rally on the TSE,"" said Haruya Ida, analyst at Thomson IFR in Tokyo.
come push till the end. make sure u end ur daily RSI 14 abv 40!
power 30 mins. now puncture le. hope it can do a big green candle with little or no tail at top today!
game is not over yet dun be too happy. watch out for 1600hrs show
Guess market is oversold over the past few sessions...
Is it a technical rebound?
The STI "MAGICALLY" rebounded sharply after lunch...in positive territory now....up 27 points now.....
hope it remain strong...quite battered.. but still buying in..
Then the daily mood will swing up... hehehe...
good asia market reversal as of now. DOW future +66 as of now. hope to see a big green candle today. best if it engulfs yest one. lol
cheers
Hi Cashiertan,
1st of all, let me put forward my apologies if my posts have indeed given false hopes to any of the readers, I should have qualified that my opinions can be wrong occasionally simply because the market is always right and chooses to behave in ways that are never straightforward to estimate accurately. There is inherent risk no matter how rigorous one's analysis of the market moves is.
My posts are normally more geared towards the initial (1st half) intraday moves and possible U-turn points, and maybe for some readers, they may take the opportunity to cut loss at more favourable prices, buy low, etc. whatever they wish to do in their trading decisions (but it must be on the basis of additional personal research into their particular stock of choice and caveat emptor i.e. buyer/trader beware).
No hard feelings, and I hope all do make some money out of this wondrous economic invention called market capitalisation.
may get some selling after lunch. sti over bought as of now.
surprisingly, the meltdown of some individual stocks since Oct 15 is as bad as the one in August though not the index...you will be surprised that we have again and again not lose any money during this meltdown just like the one in August...and ride the bull to win money in the rally from 23rd August till 15th October...we are looking for another move within 1-2 weeks....good luck
The stock market will begin to go up (start a bull market) only when the masses think and also, at the same time, feel that the economy and the world economy is going to boom big-time in the near future.
Is this what the masses are thinking and feeling now? I doubt it...
CWQuah, i like to suggest you to stop posting ur prediction or market timing etc etc. i understand ur good intention but it will help the masses by not giving them any false hope in case ur prediction is wrong again and again. also giving them neutral postings will help them to think what they should do to their stocks. giving ppl "false" hope (i noe u dun mean it) is cruel to them. hope u get what i mean.
this is just a suggestion, hope you dun take it personal. you can post more neutral posting.
STI barely supported by 3322 level (previous 38.2% Fibo level). Hope it doesn't breach the 3300-3320 support band.
Sorry, don't panic, what I meant was STI will drop below 3200 and not 1200. Finger problems. Cheers.
