Straits Times Index   

STI to cross 3000 boosted by long-term investors

Before enjoying the weekend, shall have to wait tonight and see if the employment report which revealed that US employers unexpectedly shed 4,000 jobs in August, marking the first decline in payrolls since August of 2003 will have what impact on Wall Street.

Even if it means payroll swelled by 100,000 in September. US job losses could stack up as banks and mortgage firms slash positions to fend off a broad credit crunch triggered largely by losses related to mortgage-backed securities.

Employment is critical to economic growth as laid off workers can have trouble paying bills or meeting mortgage and car payments which can act as a drag on growth.

Hopefully, another Good Monday to all

 

That's another reason for SGX counter to be smiling ? 

 

This week's trading volumes are very good! Let's end this week with a big bang!

 

Some traders use a combination of fibonacci nos. and the theory of squares for penny stocks.

Fibonacci nos;

1 1 2 3 5 8 13 21 34 55 89 ...

Theory of squares;

1 2 4 9 16 25 36 49 64 81 100.

Combination;

1 1 2 3 4 5 8 9 13 16 21 25 34 36 49 55 64 81 89 100 

 

Fibonacci nos. and penny stocks;

The jumps are too steep for penny stocks after 13 cents.

1 1 2 3 5 8 13 21 34 55 89 144.....

Not so useful as the theory of squares.


Gann uses time squared.

 

Beware! New moon rising.  Wonder what tidings this time, does it brings?

 

The rule of squares;(in an uptrend)


For penny stocks -eg. if a stock crosses 4 cents (2x2) the next resistance is 9cents(3x3) and then 16 cents(4x4) and then 25 cents and so on to 10x10=100cents.

Theoretically e-i nets having crossed 9 cents should reach 16 cents if the uptrend is intact.

For stocks above a dollar ignore the dollar and concentrate on the cents .

 

 

STI  rose to 3,783.81 ( by +29.19 pt) points. Just trade with care.... with just a few index stocks, it can be push up. 

STI: Volume	3,767.5 M
STI stock:Gainers/Losers	454 / 350

DOW +8.21 13,976.26 +0.06%   NASDAQ +4.57 2,734.00 +0.17%   S & P 500 +3.33 1,542.92 +0.22%   10YR +5/32 101 20/32 Yield:4.54%   OIL(NYM) -0.44 79.50 -0.55% 10:59:23 AM ET 10/04/2007

Wall Street wary ahead of jobs report 10:46am:  Stocks struggled as investors consider drop in factory orders, rise in weekly jobless claims, ahead of monthly jobs report due Friday. (more)

 

Hahaha...so philosophical

Certainty in Uncertainties = Lead the crowd

Uncertainty in Certainties = Follow the crowd

 

 

Another Quote of the Day:

-If you see certainty in which there is certainty, you are bound to laugh to the bank

-If you see uncertainty in which there is uncertainty, you are bound to lose nothing

Good luck and Enjoy the Market, Let the Market prove oneself...:)

Still two important theory

Difficult one in practice:

Rule 1: Never lose money

Rule 2: Never lose money

Rule 3: Go back to rule 1

 

Easy one in practice:

Rule 1: Be Disclipline

Rule 2: Be disclipline

Rule 3: Go back to Rule 1

Senior	Posted: 01-Oct-2007 14:45
x 0 x 0 * Alert Admin	Monday "BULL" again....left a 1-2 two good weeks to trade when uncertainty will step in then...good luck :)

 

Quote of the day;

If you see certainty in that which is uncertain, you are bound to suffer 

Ajahn Chah 

 

After the recent few days gains, I guess the stock market is moving back a little, and also waiting for the outcome of the rates next week.

 

 

This clearly demonstrates that the stock market is not a friendly beast!

It is really a very dangerous place to entrust your money! ...

 

Why why why, can anyone explain why Hang Seng from positive drop to negative ?

 

I was really busy at work today. STI gain was positive when I went out for lunch. But when I next checked around 4pm, I was shocked to see it fall so much!

 

Yes... Sean68 said it right... :)

Although the market has obviously recovered, there are countless still who are scared by the big falls in the past few weeks.

But the China funds know this too well....
So they could have simply halted back their big buying sprees for a while and nibble at the small-timers' plates, so to speak...

 

On profit taking today....15:30:00 hrs

 

STI 3,754.62  39.21 (1.03%)

 

Simple test of gravity.....what goes up will come down, vice versa.

 

Obviously, Josh, there are many who have bought at rocket high pxs b4 the crash weeks back, hence every bid up in any counter will tend to be faced with volumes of waiting sellers.

My simple and straight forward 2 cents thoughts 

 

haha agree w DnApeh. Profit takin prob isnt over yet. Tomo could possibly see more effort to pull out. Prob will short properties n china counters who look a little overstretched.