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Dropping by -100 points this day is quite common. Today ST Index end...
Straits Times Index Last:3642.64 Vol:2,527,700 mil 
-105.34
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By predicting the mkt...predictable on DOW and also on STI. STI took profit on fear of been seen as highly gone too high on it STI index, fearing this, many is wary of recent fall, recent sub-prime woes, credit squeeze, oil px always up and no down, STI fall today to....3,747.98 -61.71 pt.
Next coming week...volatile and range bound + - 50-100 pt is very common, expecting to rebound from it lower support range from 3,650-3,680 pt
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Thk all for your info.
fsl123, sometimes not only twice, it might prolong the effect in term of weeks..
We trade only follow the market judgement, once it is justified. Never go against the market trend. Market never wrong, but we people opinions always are.
STI takes cue from HSI.
Before HSI opens, we experience a little panic selling.
When HSI recovered from opening drop of 3.8%, STI follow suit.
Well, gotta see how HSI will do after dim sum lunch.
www.hsi.com.hk
But, Dow futures seem in quite a bad shape...
http://money.cnn.com/data/premarket/index.html
STI anticipate most time drops before Dow and Dow has got big influences in world market (alomst). We can't drop with every markets, if so than all of us better call it a day
Thk Paperless. I am new to the mkt. Is it Europe mkt take the q from Dow ? But this morning STI decline has taken the q from Dow, will the same news affect STI twice ?
fsl123, the answer is firm : YES
Pls propose to brokerage houses to conduct a panicless test as a basic eligibility before let them go in the market.
Will STI drop further when Europe market open later?
ST down 2% NOT 20%. Those panicky 1 should NOT be in this market - better put their money in banks.
The ST Index was more resilient than I thought...at least for now...
HSI opening with -1102...
Stocks seem like opening with -8% of friday close.
Asian Markets Plunge, Tokyo Sheds 3% on US Fears
Asian stocks plunged at the start of Monday's trading session on the back of Wall Street's 3.6 percent losses Friday following a tumble in U.S. shares as nerves about the U.S. housing market hurt sentiment.
Wa piang...like that how...?
Sigh...how not to panic with Dow shed about 2.6%...?
Likely to see STI to shed at least 100+ points in the opening.
Aiya...damn sian man...some more raining...sky so dark...
STI today please don't panic ....
Look like negative sentiments start to filter into the market again mainly attribute to:-
1. High oil price
2. Fall in USD FX and drop of 360 over point in DOW
3. Inflation????
The sell price and buy price will be so wide apart that it may not be easy to short and still make $$$ tomorrow..possibility thta STI may initially and equally recover like what we experienced in Aug...better stay put than risk being caught..what need to be sold has already been sold but will be ready to pick up good stocks if prices are just ridiculously low
Given the pending negative market sentiments, it is surprising that newmoon has yet to appear with his trading advisories....
Doubt STI will go to near 3100
