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STI to cross 3000 boosted by long-term investors
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iPunter
Supreme |
20-Jun-2010 12:41
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I have no staunch bias. But I think the market now is biased upwards. This is in view of the fact that there are many worrying events in the world at this moment. I'd say the best time to short is when there's plenty of good and positive news everywhere.  |
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rickyw
Master |
20-Jun-2010 11:47
Yells: "keep happy..." |
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Do you agree with me, this time is consolidation period?
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iPunter
Supreme |
20-Jun-2010 09:54
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Big boys don't need to play big all the time... When they want a rest, they can always choose to play just slightly bigger than small boys... And also remember that there are many big boys of all $izes everywhere... hehehe... |
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rickyw
Master |
20-Jun-2010 09:49
Yells: "keep happy..." |
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Looking STI and DOW this recent day, low volume and still keep maintain range, meaning someone/few BBs not really want price drop so much.. I think now better time to accumulate with small lots first, just in case price against you...just my 2 cts |
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alexchia01
Elite |
20-Jun-2010 00:07
Yells: "Catch The Stars And Ride With Them" |
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Hi metastock, I notice that you mentioned about STI is range bounded. This make me thinks you may be talking about short-term trading. If this is so, than I understand why you said STI going to its lower range. Yes, in the short-term, I do expect STI to trend down, but I don't think it would fall to below 2800. Most likely it would move between 2850 and 2820 before continue its climb till end of World Cup.
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alexchia01
Elite |
19-Jun-2010 23:25
Yells: "Catch The Stars And Ride With Them" |
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You are right on market breaking up above 200MA with low volume is not a sustainable Bull Run. But I don't think STI will drift lower next week. If you compare today's market condition with 2006 Word Cup market condition, you will notice the similarities. In 2006, we were also in the Bear Market, but once the World Cup starts, the market begin to push upward with low volume. The market continues to climb until the end of World Cup, then it falls right back into the Bear market right after it ends. There is a high chance that market will react exactly the same way as 2006. I think the market will continue to surge and fall right after the World Cup. Of course I could be wrong, but I've calculated this risk and ready to take it. I trade with strategy, so I prepared either way. Good luck to all.
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iPunter
Supreme |
19-Jun-2010 21:23
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When people make money in the stock market, I feel happy for them too. This is because making money in the stock market is a very hard and arduous path fraught with much traps and dangers along the way. And this is why we should be happy for them - because they have risked their hard-earned money... 
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iPunter
Supreme |
19-Jun-2010 21:22
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When people make money in the stock market, I feel happy for them too. This is because making money in the stock market is a very hard and arduous path fraught with much traps and dangers along the way. And this is why we should be happy for them - because who have risked their hard-earned money... |
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metastock
Member |
19-Jun-2010 21:03
Yells: "complete vision" |
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a breakup above 200ma with low volume usually breaks down again. It means there is no significance on this. careful TA will tell you the STI should be range bound and more likely to drift towards the lower range again next week.
(not cautious but wise)
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lowchia
Veteran |
19-Jun-2010 19:37
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Technical Analysis on STI For this week, STI index and volume has slightly gained though it is still far from getting a conviction. Important points to note 1) In weekly charts, a white candlestick with long upper shadow confirm the slow down of momentum in recent rally. 2) The trading volume has increased slightly due to “Quadruple witching” 3) MACD and RSI indicators shown sign of easing in the rally with both indicators going flat in weekly charts. 4) STI is still under the resistance of 20 weeks MA and the important technical support at 2850 which STI has failed to break on the second week of May. 5) Technically STI did not break the ascending triangle in the weekly charts since the support is still intact at 2685. This means that STI has not entered into bear market. Important resistance of STI: 2850 (Daily charts) Immediate Support of STI: 2820 (Daily charts) READ MORE ON MARKET OUTLOOK OR CHART ANALYSIS ON HPL & OCEANUS |
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ozone2002
Supreme |
19-Jun-2010 19:17
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Gold is king-dom | ||||
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E-war
Veteran |
19-Jun-2010 19:05
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Cash is king for now.
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alexchia01
Elite |
19-Jun-2010 11:46
Yells: "Catch The Stars And Ride With Them" |
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Yes, the low volume is a concern to me. I use both TA and FA, so although I'm concern, I'm very cautious and prepared for the worst.
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singaporegal
Supreme |
19-Jun-2010 11:32
Yells: "Female TA nut" |
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Yoyo markets are typical of low volume conditions. If you are using TA predominantly, you have to be very cautious.
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niuyear
Supreme |
18-Jun-2010 17:53
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if chiong, and you dont sell, but choose to keep, unless you are anticipating that the stock will surge even higher and higher. Wouldnt you know that there are more 'short sellers' than 'long waiters'? hahaah!
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alooloo
Veteran |
18-Jun-2010 17:12
Yells: "I am not young enough to know everything. " |
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paiseh...
still haven't gotten the 真傳 from all the BBs ...
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ozone2002
Supreme |
18-Jun-2010 17:00
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wah good ..u have passed my course.. can make $$ already
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alexchia01
Elite |
18-Jun-2010 17:00
Yells: "Catch The Stars And Ride With Them" |
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Market is like Yo-Yo today. 1 min up, 1 min down. |
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Raptor22
Senior |
18-Jun-2010 16:48
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Last day of Singapore Sale? Or anticipating another flood?
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alooloo
Veteran |
18-Jun-2010 16:48
Yells: "I am not young enough to know everything. " |
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no no... everytime you say chiong, my reflex action is sell... hahha... i want to keep them...
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