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Today, the moon is in its last quarter...
It may be a trigger point for the Dow and STI...
Just a gentle reminder....
10:31am: Nasdaq, S&P edge upward after key economic reports, while Dow struggles to stay afloat. (more)
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There is someone who buy and someone profit, then someone hope to sell to someone else for some profit, stock prices don often always goes up forever and never come one, so the best is got profit take some and leave some for other.
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The worst is yet to be over and done with....as all eyes is on FED. STI closed negative STI-3,376.06 -10.16
9:47am: Nasdaq edges up, Dow lower as investors await key economic reports. (more)
So what the Fed will do with the fund rate will depend on tonight's and friday's economic number.
7:03am: U.S. stocks set to open lower Tuesday, stepping back from gains triggered by Bernanke, Bush comments. (more)
Hi synnexo,
I hope that the worst is over for now. Like what idesa168 says, people are waiting for what the Fed does. If they don't do what people hope they will, then the market may dip some more.
Can one infer from that that the current bear market will continue for the rest of 2007 and recover only in 2008/2009?
There's no strong reason why this is not likely...
Richard Russell says in his newsletter 31/08/07 that the subprime woes will be over by
2008- 2009.
Soonly WS will be the hotbed for severe bear.
singaporegal,
U think we out of the woods already?
no lah...I think all are at the sideline waiting for 18 Sept FED cut rate or not.
Volumes are still really low. But this is to be expected because US markets were closed last night plus this is the school holiday season in Singapore.
Sell into strength......thou mkt is getting better.
Straits Times Index Last:3386.22 Vol:0k 
-6.69
Aug 30: The numbers of low-income families devoting high levels of income to housing costs are soaring according to a new study. (more)
Hope this Christmas goes well for all in DOW country and STI land
Sure hope the Benanke guy can pull this one off so that the mood is not down
The Americans can turn N Korea away from nukes - surely this crisis is less of a challenge
Heard these people are very enterprising and some extra time is on his side
Haha... market is so quiet today I can hear a pin drop! Really boring.
A consummate cut-loss approach.
Newmoon has just revealed the ultimate secret to stock market success...
ie.
get out of losing trades and ride the profitable ones till there's little juice left.
And in riding the profits up and down, one must not hesitate to dump when prices when the profits reached a predetermined level...
Continued holding and then praying are futile actions if one's market actions are wrong.
Prayer and hope does not work in the stock market.
Cutting losses early ( although it hurts) and letting profits run works .
You have to be on the wrong side of the trade about 40% of the time and hopefully 60% right if you trade long enough.
Data coming from US are very important to the world, generally, everyone is very concern now.
But unlikely to have much good news, unless Fed rates cut. BEST !!!
As for the Chinese market, unlikely will crash as President Hu already mentioned he will not let such thing to happen before the Olympic games. But then, correction is sure overdue.
Maybe US already
cham siong with China already, will correction after US finish its shit...in October? Haha...
i rather market quiet than market spill red blood.. But if market is quiet while everyone is cheonging.. Then, that is super sianz..
