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66441-66460 of 69565
Now yo-yo effect at between +32 to +35 range.
Some time before closing for lunch already started to dip.
Hang Seng Index can't hold her gains.
Watch for further dip later...hope not...
STI suddenly fall...
Can't find this formation "total eclipse of the moon" in my reference book for japanese candlesticks leh.
Ha,ha,ha!
There will be a total eclipse of the full moon 28/08/07.
It will turn bloody red and will be visible from singapore as well as many parts of the world-the omens are scary.
Creation and Destruction;
At birth the two forces are unleashed.From the moment you are born the seed of death is sown
Likewise with the boom created by complex derivatives and predatory bankers.The seed of the next recession was sown about 7 years ago and is now the bitter fruit is ripening.
From Peoms....
Sell on rallies, Dow could top at 50-62% retracement and fall sharply below 12,527....
Sell into strength
The ST index has thus far rallied to a high of 3,441 since falling to a low of 2,962. We had earlier indicated that the ST index will very likely revert to its long-term mean. As at last week, that level was 3430. Our preferred view was for a more gradual rebound with a decent base formation. This has not been the case and the index had spiked up.
Price action suggests that the index could head towards the 3,460-3,500 range by the middle of the week, led by the strength on Wall Street. Still, there are reasons to be cautious. First, the rallies in the bond markets have been relatively muted in comparison to equity markets. Considering that the turmoil originated from the credit markets, we think the relative cautious mood at the bond market is worth noting.
Second, the price action on the US indices appears to suggest that the index is in a corrective rally. For the DJIA, we think it could head up towards 13,600 before falling sharply .On balance, we recommend readers reduce their long exposure and add shorts to their portfolios.
Stocks
1. Sing Tel- Trading at the upper end of range with resistance at $3.70. Recent low was $3.16. This is one of the few stocks to retest recent highs. However, a failure to break $3.70 could bring make the stock vulnerable to further decline towards $3.20
2. Cosco Corp- One of the best performers in the recent rally. Resistance is pegged at $5.30.
3. Wing Tai- Resistance is estimated at $3.60. Recommend a short at that level. A move down to $3.00-3.10 is likely.
4. DBS- The stock's rebound has been relatively muted as market digests its exposure to the US sub prime debt. Resistance is estimated at $21.20- 21.40 for the week.
5. Keppel Corp- Resistance is estimated at $13.00-13.20.
Hungry ghost 7th month....market also quiet ?
mani wodehaopengyou.....
so your answer - you are neither a bull or a bear. just a spectator...but surely you must be cheering one side even when you are on the sideline...;)
Market so quiet.....
During a recession or bear market, "value" investments will be able to withstand any downtrend tendency. Why must any share, which is not affected by any subprime woes, be sold down? Look at Singtel - very resilient and defensive coz' it's cash rich and is not affected by any subprime woes. Many talk down the market, hoping to be buy certain shares at cheap prices. Call that greed and fear coz' by waiting further (after the recent correction), the share prices would have moved north. It's not easy to hope to buy any share at its lowest prices and sell at its highest prices!!!! Look at certain "value" shares - they have moved north, instead of moving south further!!
hahaha...
"betting" is the correct word you used..:).
The stock market is all about betting...
Sometimes, not having a position is a position in itself....
lai ya... womenzaiganyibei .... xixixi... 
mani wodehaopengyou...
so what your bet? bull win or bear win ...;).
as expected, "Monday Bull" in the morning after the weekend....good luck
You are so right...
:)A chart reader is neither a bull nor a bear... but just a follower of the chart signs...
Today, the STI "
cheonged" 52+ points on the opening bell...
Makes the bears curl down their tails a bit in fear...
- the angry bull may be kicking up dust again!!! ...
mani wodehaopengyou...
basically, charts show market sentiments... cannot be far from this truth.
No... I have no market philosophy at all...
All my decisions are strictly based on technical price action...
and thus, to me, discussing fundamentals is a total waste of time....
mani wodehaopengyou...
basically, your market philosophy is to trade by following the market sentiments w/o being sentimental to any particular stock?
Just a gentle reminder. Keep your strength and sell it into strength...
> The
Fed rate cut? Don't bank on it. (A note to ponder on...hehe !!)
Trading behaviour patten on coming Monday trade as thou..the cut is oredi well confirm...!!!
isit ?.
Sell into strength...Sub-prime woes is spreading into US housing woes payment scheme, cutting deeper into US economy and pushing further US to test it recession as FED ponder on how to save...this credit crunches from melting away. (
Setting stage 3 into turmmoil)For a start FED cuts discount rate on loan to banks. What next...
confirmed FED help two (2) big banks.
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just a gentle reminder. Sell into strength..
STI 3,228.66  93.72 (2.82%) |
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Sell into strength...
For a start FED cuts discount rate on loan to banks. What next...a interest cut...? mop up those bad mortgagers loan...? and "lei long" them..? Was wondering Ex-FED chief kept increasing rate to pop-up the economy w/o knowing bad load kept increasing...and now FED chief headache in trying to contain the damaged done.
Ben is bang on saving US economy by making policy U turn.
1st was credit issue, then credit squeeze, next credit crunches, what next ?, credit melt down.
Cash is king....hmm
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Question is of course motive
If it is prevention - or caution for lack of a better word - then its o.k I guess
If being negative to create pyscology so that market can go down further - and then they can pick up at much lower prices, then I think they can on.
Reality as stated - STI has given ample chances when shortist/hedge funds creates whiplash effect in 350 pts swing down/up
As stated in news - only some brave companies CEO went in to pick up stocks. Did the other negative ones went in ?
