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Fishing as in which fishing?
Best thing to do is to go fishing and let the credit crunch take it's courae.
ECB injecting more money into the bottomless pit.(bloomberg)
Nasdaq which is the main driver this few days are looking toppish and many retrace soon with yesterday may be the 1st day consider as one. however we think shouldn't be that early but nevertheless nobody except the reall BBs can determine the day. thinking abt it, isnt the BBs kana burn themselves with the sub prime loans? well, guys trade with care. it does look sti seem immune to dow recently but for how long? if DOW coorrects till 12980, can sTI still be immuned?
Discuss with some friends not from this forum, we does agree that there are many amateurs trading on emotion and rumors rather than logic and solid TA. Current Dow and Nasdaq should dip soon to retest the Previous lows or at least the 20 sma. Current STI is high chance making a bull trap with speculative pennies filling the top 50 volume. it definate looks like the institutions are not playing the market but the BBs from geylang? (dun reaaly noes what it means, i guess it is the smaller local BBs) Doesnt the current scenario look similiar before the major crash on july?
Think abt it, can u afford to stand the next crash? isnt it bette and safer to let the trend confirms itself before u enter than try to catch the wrong bottom fish?
Discuss with some friends not from this forum, we does agree that there are many amateurs trading on emotion and rumors rather than logic and solid TA. Current Dow and Nasdaq should dip soon to retest the Previous lows or at least the 20 sma. Current STI is high chance making a bull trap with speculative pennies filling the top 50 volume. it definate looks like the institutions are not playing the market but the BBs from geylang? (dun reaaly noes what it means, i guess it is the smaller local BBs) Doesnt the current scenario look similiar before the major crash on july?
Think abt it, can u afford to stand the next crash? isnt it bette and safer to let the trend confirms itself before u enter than try to catch the wrong bottom fish?
U.S. stocks
fell after reports showed the housing slump was deepening and spreading
to the job market while slowing consumer spending. Impact of US Subprime- 0.8% off the US GDP for 2007.
Investor concerns about the health of the U.S. consumer were exacerbated when Costco Wholesale Corp reported sales for August that fell short of expectations and Apple Inc announced big price cuts on its new iPhones in an effort to spur sales. Retail and technology shares fell broadly, with the Nasdaq snapping a four-session winning streak.
Ditto.
Well, if the fundamental financial system needs to be revamped, housing data for demand of houses down again.
Banks have been advised to work with clients on the mortgages to prevent a crisis.
Bush needs to come out to calm the nerves of the market.
Sub-prime has not gone away. Worries are still there.
When we have negative news, this will impact the general take on the market direction.
Anyway, valuation of the stock market in China, India and emerging markets have run ahead of its projected earnings for 2008.
I will take the views and advise of Newmoon. When both scenarios have been put up, it is up to the discernment of the individual to decide for themselves what is the course of action.
Maybe it is best to be prudent rather than be bull-headed.
Good luck for your trading.
Everyone likes to hear that this a new bull market.
Money coming from hong kong is the rumour -buy at your own risk.
now the 3rd week since my advise, still the same advise...market will try higher high :)
| Posted: 22-Aug-2007 16:44 | |
 x 0  x 0 * 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 ...i would advise to buy in the rebound for the next two months...good luck and it is good to know that certainty is back to the market |
Aiyoh... these days why SGX has so many technical glitches one. I wonder if people can complain to them if they lose money. Got legal case in court?
Pension :
DOW = ???
funny forum when STI is resilient (recovering from 3000 to 3440 points) and still got so many jokers trying to push the "bear pills" to all...the market is the best judge and do not care whether the moon is round or not, whether you bite your teeth when it is up or down, etc...though we do not know the long term trend, but at least short term wise, the market is fine....there are always two sides of stories and one should be objective enough to present both sides rather than based on one's motive...good luck :)
Be careful as wall street is full of deception.Where else can you make or lose billions in minutes ?
When mistakes are made at the highest level the man in the street gets poorer.
Newmoon... :)
Your fundamental analysis is sound... and should be listened to for added wisdom.
I will 'side you' in the matter. But I am a purely technical person ie. I only look the charts and and make all my decisions based on charts (especially individual stocks) and thus far, I have been protected from 'devastation'...
I wonder what the glitches would be like in a market meltdown when everyone heads for the exit.
The fundamentals point to a recession next year or even worse .The Achilles heel of this market is the American consumer who is underwater.
STI = Stop Trading Instantly.
Maybe technical glitch also... hahaha...
STI strong man of asia? on steroids?
STI was crazy again,i saw -47.5 just now