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My crystal ball says we will be surprised by the short duration of this correction... lets collect :P
So what next Dr.Victorf and Dr. Rayphua ?!? :)
yes, its amazing and awesome that victorf had predicted this plunge with pinpoint accuarcy as far back as june...congratulations !
this begs the next question : how long will this uncertainity lasts and what does his crystal ball predict for the next 4 months ..
like me , i am sure many of us are eagerly waiting for his next insightful post ... : )
Victorf and Rayphua gave good warnings. Cheers!
Big plunge usually occurs on a Monday(that's why they term it black!). Might be wise to go in only on Tues for those looking to buy.... as DOW might just give the whole world a BIG surprise comes MONDAY!!!
Hi guys....
I just check DJIA history...
Funny it seems next few days after Oct 19 1987 and Oct 17 1997 (19 was weekend)...DJ went up.....
And these 2 dates were also the 'bottom' over next 6 mths after that...
Lets hope history repeat itself... Dun worry too much....
(Pls help verify....as i only brieflly checked... )
cheers
DJIA hit its all time high of 11722 in Jan 2000. 5 yrs later, it is still stuck in the range of 10,000 ~ 11,000.
Singapore, don't worry... mrket may drop due to those who want to profit on shorts, but will turn NORTH in short time, take opportunity and buy god stock will be wise when you see index up to 3900 again in short time (New York market will never want to drop any further that hurts the economy)
hope no panic selling on coming monday otherwise may benefit shortishs - they may dump >500lots/transaction to create panic. hope the drop not drastic....fasten seatbelt and good luck.
Usually I refer to Yahoo Finance - http://sg.finance.yahoo.com/advances
Strange... it's different!
singaporegal, I tot volume is 2.1b (www.sgx.com)
I feel that the selling was a little overdone today. There was huge price drops but the overall volume traded was relatively small (1.6 billion only). Seems like the smart people are waiting on the side for the Dow on Friday night.
However, the Dow did crash on Friday (-370 points). I believe another round of selling will take place on Monday. Stay nimble and cautious!
how long will this goes? will STI dip to 3650 and rebound? how long it will take to reach 3650?
still the same call...market in UNCERTAINTY mode after 15th October....good luck
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who say the market go nowhere ... it has decided to go higher high since 20th August from low of 3000 to 3500 now and we expect it to continue till 15th October (in which uncerainty will step in)....market is the best judge for any call and still got few weeks of good trading |
looks like there will be another intra-day change of 50-100 plus points on 22th October followed by our call of UNCERTAINTY that will happen after 15th October....those happening on 16th, 17th, 18th, 19th October...got a few call from friends who thank us again for being spot-on again and again....good luck
NB: Congrats to those who listen to our advice before June (escape the crash in July-August), before August 20th (made money out of the bulls when market try higher high), and now (escape the uncertainty)...CHEERS!!!
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* Alert Admin |
Surprisingly, the market choose to move up in the next three months (August, September and till 8th/15th October to be confirmed the exact date in october)....while there will be some consolidation on the way, it will be "higher up" rather than "lower low" at least till 8th/15th October ... |
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
On Uni-Asia incident...I think it is purely a corner stock and or stock manipulated skillfully...Sob
, Signal has come and go without healing and damage been done, while securities houses, starting self imposed1st by Kim Eng, follow by UOB Kay Hian, then ??? by SES, so damage control is in place....Now awaiting further info via SES, while > 30 ppl's is making a trip to complaint.
Due to this........
6:02am: Outlook for surging mortgage delinquencies worsens. (
more)
dow down 153 at open and broke support.
looks like STI going to test 3680. technical rebound to 4000 not sure?
feel like we are in a bear market, look at Nikkei, never recover from 18300 plunge and for ever making new low! And Dow trying to follow suit if does not break 14200 again. expect earning to slow next quater so we are looking at double top formatiom turn bear market? same goes for STI test max 3920. ? anyone guess
Today just shorted DBS, SGX, STX PO.
On monday.. i'll look for Yangzijiang, Synear, SkyPetrol, Swiber, STX PO, SinoTechfib, Hongguo..
