Straits Times Index   

STI to cross 3000 boosted by long-term investors

Feldstein- Don at Harvard-fed should cut interest rates to 4.25%-bloomberg news today.

 

Hi loushare, I think you made a typo mistake, it should be 61.8% (not 68%) retracement.

 

Repost

16-Aug-2007 12:51	Straits Times Index   /   STI to cross 3000 boosted by long-term investors
x 0 x 0	If STI falls way below 3309, say reaching 3081, I would consider this wave as wavelet E. Another word, from a ht of 3665 to 3081 (wave A of beginning bear) breaking the support at 3310 (the ht before Feb fall) lends itself more to a bearish indication. Then wave B (of bear) will reach at most around 3490.

Since STI closed at 3131 on 17th Aug, the ht of wave B (for bear) will be 3461 (68% retracement).

 

If you follow the illustration on the charts by Fibon Lines and Wave
Patterns, the upcoming rally could be the "LAST" opportunity for you to
reduce you lose if you have missed the chances recently to cut your
loses. The rally could be up to 3250, 3330 or max 3412, thereafter, STI
Index may plump down to 2818, 2750 or 2673 if waveA has failed to
support. But 2750 should be a likely meeting level for the weekly
channel trend line, 38.2% retracement since 2003's low and annually
Octorber low.

In conclusion , within the next 1-3 months, we may see another low at
2750. Short term , may hit as hit as high as 3412.
Sell on strength or trade short term.

..... From Poems

 

I hear say from another forum. True or not, I also dunno

 

Can anyone tell where to get the OHL article ?

Am interested to read

 

OHL sees STI to be 2400 by year end...Anyone has any comments?

 

Feldstein -don at Harvard also supports interest rate cut-bloomberg news today.

A series of interest rate cut is a likely scenario-moral hazard or not does not matter as far as Americans are concerned. 

 

Bernanke + Bush = BBs

(Behemoth Buyers)

 

Hope not. That's why taxes are a necessary policy - subsidising the poor to preserve their minimum standard of living, using the taxes from the gains of the top economic strata of society.

No government can afford to neglect the have-nots - world history has demonstrated this point a few times. And unfortunately, sometimes not bloodlessly. Chances are, the have-nots constitute the majority of most civil societies. And never ever underestimate the power of the majority.

Just my personal observations.

 

The great wealth divide has happened already. Look at the rich- super rich, average rich and less rich. Then you work down through the Upper middle income, Middle income and lower middle income.


 

 

Will it comes a day when the haves and the have-nots are too far apart that a Global revolution will happen ? Or is it happening already ?

 

hm. clarification: "There will always be motives, there will always be agendas."

meant on part of the BBs. be it something as bernanke wanting to keep his job, or political pressure on him, or quite simply, self preservation by the funds/BBs.

fact is, policies are always set in favour of those in power. small time players, vs big time funds that can keep a politician/bank in power, that can bankroll a campaign worth millions of dollars: whose side is the policy likely to be in favour of?

Aristotle once said, that "Man is a political animal." In light of Darwinian theory, he's likely right.  

 

Agreed- Forum means anyone can post his ideas or thinking whatever the agenda within guidelines

Being emotional suggest one to query if someone has lost in current crisis  

 

hey newmoon, do relax a little. :) elf sees where you're coming from, and i agree with you. but then, it's called a market place precisely because it is that: a market place.

think chaotic, think greed, think fear and hope, irrationality and egomania. this will always be a manipulated place, and well, just because "it ought to be so" doesn't mean that it will be so. there will always be motives, there will always be agendas. The macro trend sets the game, and then, the rest of the chess pieces fall into line. It is a fixed board. as small time players, or even sBBs, we can simply follow the trend, that's all.

so please do take care of yourself and don't get so agitated or angry, or emotional. Cheers. :)

 

Martin Feldstein;

If he was  the federal reseve  chairman instead of Bernane he would still cut interest rares under political pressure, He will talk the walk and not  walk the talk.

 

Dow is closed on monday night eastern time .

We will follow hang seng and nikkei and the back of wall street rise on friday. 

60/40 in favour of bulls as new money will flow in during the beginning of each month. 

 

I don't believe the bear can live long.  If there is one, we have just seen it and it is either just dying or already sent to the wild animal sanctury.  The market place is now just for bulls.

 

 

 

Feldstein is talking rubbish.

Ask him yo raise interest rates and tighten cerdit and let the dubious derivatives crumble  and let the dollar collapse and see what happens .

This is exactly what the IMF(headquarted in AMERICA} prescribed for the ASIANS during the ASIAN CRISIS for monetary indiscretion because we were helpless.

Do that to the WEST now and the result would be RIOTS, RECESSION STRAITAWAY, HOMELESS AMERICANS, BERNANKE sacked and BUSH labelled as the PRESIDENT WHO LOST THE WAR AND THE COLLAPSE OF THE DOLLAR AND WHO CAUSED A SLUMP AND LOST KATRINA AND THE END OF THE DOLLAR AS THE RESERVE CURRENCY.

The world has double standards as ASIANS are seen as SUBHUMAN and deserved to be punished.

The WEST has alrady been rewarded with pumping of credit into the banking system and the lowering of dicount rate.

It would be political suicide to do nothing and let things run it's course.DO everthing and if recession is the result it is just too bad-the jewish bankers are not stupid BENANKE is a JEW.

EAST is EAST and WEAT is WEST.

 The CHINESE JEWS  hiding behind the bamboo curtain are also smart as they have lived and died by deception for thousands of years- witness the straight line rise of Hang Seng and SHAGHAI INDEX in a STRAIGHT line.P/e sky high.?


Do not mistake the real world for the spiritual world.

This is the law of the jungle and this realm is SAMSARA-world of TITANS and not far from that of Hungry Ghosts

 

CNN Today :

The economy could suffer a very serious downturn,'' Feldstein, president of the group that dates U.S. recessions, told a Fed conference in Jackson Hole, Wyoming. ``A sharp reduction in the interest rate, in addition to a vigorous lender-of-last-resort policy, would attenuate that very bad outcome.''

Someone said the bear is coming - I think he is correct from the FED conference as of current CNN news

Some said "what bear ?"  in S.J.- if anyone feels so, then go and buy on Monday in STI