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65601-65620 of 69565
STI should find some support between 3567 - 3580 (this band is slightly below 100d SMA) for tomorrow & next Monday.
Last 3 trading sessions, 50d SMA and previous peak of 3665 was the main resistance for the trading lows of the 3 days.
If this band is breached, next support level is at 3546 (key Fibo levels).
The China stocks could be better buys:)
DnApeh, STRONG recommendation to buy construction and property stock if it goes down again on Friday, human beings are funny, when all the stocks cheong, they follow crazily... but when it drops, they don't want to buy, when they go up, they chase.... I am not saying, we should not buy on strength, but if you know the company is doing well, just that the overall market sentimental is bad, that's why there is some correction, of course, you can always say, why I buy today, and it keeps dropping, because the stupid DOW is dropping still, and u never know when it rebounds... so, not to miss the bull run, check the Aug 17 price, use that as a benchmark, and anything below that, and check the 52 weeks high on that counter, and check the company finance report, you will be easily spot some good counters, I can name a few now.. Ho Bee, Heeton, WingTai (extremely cheap now ), BBR, ChipEngSeng, Hiap Seng, Koh Brothers, CSC, YongNam, OrchardP, all the contructions and property stocks I mentioned above has solid 1H 2007 results, and their 52 weeks price high is 40%-70% from what they are closing price now... so, you don't have to chicken out... by the time, the STI starts the bull run, you will thanks me man... but again, if DOW keeps dropping, more and more banks CEO get fired, STI drops... then, it drained, don't blame me la... if I know the exact time, I won't be here talking at forum, but giving talks at Roppengi Hills tower , LOL..
Dynasties rise and fall, so will be the world markets too...
Unless it's doomsday, life goes on......
Only with such rises and falls, will the strong make gains and weak suffer pains.
Could it be abc waves with wave c ending at 3499-3542 ? 200MA is at 3458
I wouldn't buy on weakness during such times.
STI gap resistance at 3748.....immediate support at 3650 thereabouts. But this support looks weak already.... STI next support will be its 100SMA. short term...BEARISH.
good luck folks !
The elephant dance of financial stocks has caused the S&P 500 index to break the 200 day moving average of 1480 last night .
Cut interest rate again and introduce zero coupon bonds?
Hi, jackjames and singaporegal.
Assuming STI falls a lot tomorrow, can you suggest any counter to pick up on the cheap?
Thanks.
I agree with jackjames. If it wasn't a holiday today, there will be a blood bath this morning. The US market is now extremely volatile. After a huge drop of 360 points last night, I believe the market will recover a little tonight.
luckily today is holidays, else, STI sure crash ... hopefully, tonight DOW ups, and STI won't crash so much like US last night..
I noticed many sti index watchers here bemoaning the index not moving up (i assume that's what most of them want to see, up not down!) on a daily basis.
Pardon me, actually i feel the sti has already met all expectations. Why? Because the title of this topic "STI to cross 3000 ..." is already met long long time ago.
So if we want to see the sti index go up vigorously, may i humbly suggest the we start another new topic "STI to cross 4000 soon"
Don't take my suggestion too seriously, just have some fun. wahaha
Only fairies can tip toe through the tulips.
The banks like elephants cannot dance.
Fairygal is right. Thus don't keep focussing on STI although a sharp fall in STI will still affect most stocks. Focus on what you are buying.
Hahaha..
Robert's unusual sense of humour is rather refreshing... 
The housing mess in USA can still be saved by issuing zero coupon bonds and cutting Fed rates again and again-never say die as far as the reserve currency is concerned.
What do you think?
The trading volumes of today's top 5 most active counters add up still less than 300 millions shares till now. Very low man.
I am the best if u all want to learn from me. I must still scan u all to see if you all r fit or not. I dun want to have bad stomach ache after teaching u all!
Robert better than perfection.
DOW was green last night, so i stay out of sti till now, no direction, cannot forecast nor decide at all (not unless DOW was red last night).
waiting for bell to ring : HAPPY DEEPAVALI
Ok, will learn from one another. At the same time, will remind you to stop and smell a flower, or look at the cloud formation. You will be amazed!