indication not clear whether down trend/correction in place. my opinion(strictly) hold stocks - seem like BBs testing your patience & holding power.....good luck
is STI reverse the trend and going down....look like that lor..should we selling down on hand stks and waiting for correction?
Tonight news - profit taking after STI hit record high in the morning session.....haha
Wow, like roller-coaster. Really unable to see where it is heading.......think only BBs will know.
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
Hope it will continue through out the year.
A relatively quiet day today. Most of the shares traded today belonged to penny stocks.
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.
What does the candle stick say today?
Dripping wax or shining brightly or flickering flame.
Comments from experts in this forum?
calm before the..........
How come today so quiet?
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.
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 :)
Profit taking today after hitting a new all time high.
STI hit new high of 3,876.72 pt B4 closed lower to 3,820.31, -2.31 pt
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.
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 ...
synnexo, candle stick is superb to demostrates market behaviour rather than human behaviour.
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...
My advice...study chart & learn about the various indicators.
You need a crystal ball, not charting tool.