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STI to cross 3000 boosted by long-term investors

 Post Reply 65841-65860 of 69565
 
ericsim
    10-Oct-2007 18:24  
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indication not clear whether down trend/correction in place. my opinion(strictly) hold stocks - seem like BBs testing your patience & holding power.....good luck 
 
 
apple_jj
    10-Oct-2007 18:13  
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is STI reverse the trend and going down....look like that lor..should we selling down on hand stks and waiting for correction?
 
 
ericsim
    10-Oct-2007 17:37  
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Tonight news - profit taking after STI hit record high in the morning session.....haha
 

 
Fairygal
    10-Oct-2007 17:24  
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Wow, like roller-coaster. Really unable to see where it is heading.......think only BBs will know.
 
 
sean68
    10-Oct-2007 16:54  
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A perfect day made for the shorties, open (3,865) and htting record high above 3,900 mark and went tumbling by almost one percentage point towards the closing Smiley
 
 
StarLine
    10-Oct-2007 00:50  
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Hope it will continue through out the year.

Smiley

 
 

 
singaporegal
    09-Oct-2007 21:12  
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A relatively quiet day today. Most of the shares traded today belonged to penny stocks.
 
 
teeth53
    09-Oct-2007 16:29  
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STI is finishing it line on +ve note, penny oso has it day, for some penny it seem STAG or stuck at same price, esp those highly speculative stk.
 
 
newmoon
    09-Oct-2007 11:21  
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What does the candle stick say today?

Dripping wax or shining brightly or flickering flame.

Comments from experts in this forum? 
 
 
DnApeh
    09-Oct-2007 11:10  
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calm before the..........
 

 
tanglinboy
    09-Oct-2007 11:03  
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How come today so quiet?
 
 
CWQuah
    09-Oct-2007 01:26  
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DJIA may be peaking already in the short term (i.e. for Oct 07). If DJIA keeps on failing to push through and stay above 14120, it may dip to around 13700. 14120 is also very near the Fibonacci extension 123.6% mark (0% taken at alltime low in 2007 @ 11938).

Do note there is a potential for MACD crossing signal line downwards within next 2 wks. MACD negative divergence potential also seen if we take the peak at 9 May 07 with most recent peak.

ABCs to live by in a period of new index records - Alert, Beware, Caution.

 

 

 
 
 
victorf
    08-Oct-2007 23:44  
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there is a show named "LUST, CAUTION"...in these few weeks, there is a show named "SHARE, CAUTION"...advise reducing position from 8th till 19th (reduce fast when there is BIG BULL) and best is to total out before 19th October when uncertainty comes in...uncertainty slowly creeping up from 8th to 19th till it will engrave the market...and we do not like uncertainty...good luck :)
 
 
singaporegal
    08-Oct-2007 20:31  
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Profit taking today after hitting a new all time high.
 
 
teeth53
    08-Oct-2007 19:44  
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STI hit new high of 3,876.72 pt B4 closed lower to 3,820.31, -2.31 pt
 

 
newmoon
    08-Oct-2007 16:22  
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The candle stick believer will continue to believe in the patterns although statistcally the overall studies quoted by Victor Niederhoffer in Practical Speculation shows no validity.

There are so many factors influencing market behaviour so divining it's direction is almost impossible.

Today it is reported in Bloomberg that the implied volatility of put options is 8.15% higher than the call options for S&P 500.

THe last time it approached this level was July 2001(8.29%) when a recession occurred soon after that date in USA.
 
 
TonyOng76
    08-Oct-2007 16:09  
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A crystal ball is needed indeed! Not surprising that so many traders/investors are cautious ... since many have been emotionally sapped by the recent plunge in Jul/Aug. Wrt the STI it has rallied pretty sharply hasn't it? But the SESDAQ recovered slightly less than half.

On predicting the market trend ... why predict? There is no certainty since TA is predicated on the study of probablities. Since we traders profess that the trend is our friend ... why not just simply ride the trend?

As the saying goes "strange times make strange bed-fellows". If market uptrends take long positions. But if market downtrends join forces with the shortists. Always stay nimble though ...
 
 
paperless
    08-Oct-2007 16:07  
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synnexo, candle stick is superb to demostrates market behaviour rather than human behaviour.
 
 
synnexo
    08-Oct-2007 16:02  
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paperless,

U are talikng about human behaviour. D u think there is such a tool in this world that can determine the actual outcome or what's going to happen next?

Maybe ask Pinnacle where to get a crystal ball...Smiley

My advice...study chart & learn about the various indicators.
 
 
Pinnacle
    08-Oct-2007 15:54  
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You need a crystal ball, not charting tool. Smiley
 
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