Straits Times Index   

STI to cross 3000 boosted by long-term investors

Elidor... :)

I agree...

And you are perfectly correct to say that anything can happen tomorow.

This is why the stock market can be such a delicious baobei beauty... hehehe...

 

I find the market irrational at this time. Will not be surprise if livermore's prediction come true.Anything can happen.

 

Market's real bad, man...

Maybe we should take a leaf from Singaporegal's style and go for an relaxing break....

But must first dump before going...

 

Livermore, Dow oni up by a pathetic 66 pt last nite and oil price also increases. How issit possible to have the bull take over the shift from the bear?

 

Don't be surprised market bull next week. Well let's see

 

Mkt sentiments is bad. ST Index  Last:3440.96 Vol:1,820.6 M   -36.63

While Wall Street. DJ: has a mixed opened.

DOW +9.75 13,119.80 +0.07%

NASDAQ -8.27 2,610.24 -0.32%

S & P 500 -0.24 1,450.91 -0.02%

9:24am: Goldman Sachs economist says mounting credit losses could force banks to significantly scale back their lending. (more)

 

Half-time results:

Teddy Bears 1, Grazing Bulls 0.

Hope the defenders in the Bulls team are strong enough. Better still, let the Bulls score a goal - at least a draw.

 

 

Maybe one is an accountant and the other a strategist... hehehe... 

 

Don't panic

 

What is so magical about the number 3433? When was the market so exact?

If 3400(psychological level ) breaks it is more likely to create a mild panic.


 

 

there is no support ard the current level as the 3433 is broken. if it dun close up today, than expect to most likely see sti dip to next support ard 3200

 

FEAR blinds us to opportunities......

 

Can imagine how will sti react after 3pm.... hopefully investors comes in and pick up good rates.. push back........

 

Cashiertan,

Yup, still can't rule out the Europe mkt's impact yet. BTW, can share a bit which are the indicators you use normally?

 

yes, due to low vol so those shortist n trader can play around with the prices easily...

should rebound n market is already oversold ..

 

My opinion is that most of the US bad news is out, these few days will be the best to buy in.

 

I think the BBs are all very busy these days playing around with the prices, playing with some counters one lot by one lot. 

 

too early to say cwquah, usually major movement  come in  the afternoon, whether is up or down i dunnoe, we shall see and comment when the signs are confirmed.

 

I think the BBs are trying to test STI 3400 today, but it looks a bit oversold liao for today. Either way, for those with capital and long term view, bite the bullet and hang on. For contra players, I don't think it's really time yet to go in.

The whole market is reacting to the DJIA futures and HSI now. Not the time for shortists too because it seems a rebound is imminent. RSI already below 50 for almost half the day, and it looks like trading vol is way below normal (only abt 830m now, normally at least 1000m)

It's going to be a wild ride ahead! Trade with absolute caution!

 

 

 

Some counters have already bottomed and kinda find support at the current level a few days ago, despite the continuous decline in STI.  However, some follows the STI decline and keep falling continously.  Trade very cautiously if you must.