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STI to cross 3000 boosted by long-term investors
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AK_Francis
Supreme |
05-Sep-2008 08:46
Yells: "Happy go lucky, cheers." |
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quick digest. after US sinked 344.65 last nite. BT US credit crisis far fr over. IPO hit hard by market votality Investors looking for profits in OIL can stop now. though CO down, but still pricey. Don't write off Thailand, govt urges investors. Thailand mere gain yesterday. The heavy melted down on STI yesterday, mainly due to Institutioal downgrades, fund redemption and margin calls. Now limelight is USD???? Zao Bao If today STI falls below 2600, then next support level is gonna be 2510???? |
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Sporeguy
Elite |
05-Sep-2008 00:44
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Took a quick look at my little note book, my sketch of STI (done about a mth ago) will reach the target of 2580 around 5th or 8th Sept. Another 46 pts to go, sad to say. Using Fibonacci retracement, this c wave may reach 2166 ! Another 460 pts from 2626, another 18% to drop in 2 to 3 weeks period. |
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Quek4T
Member |
05-Sep-2008 00:43
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yup uncle, it is v likely to b bloody tmr. |
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AK_Francis
Supreme |
05-Sep-2008 00:34
Yells: "Happy go lucky, cheers." |
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dun torture yourself in the sleepless nite. just treat another valuable lesson learnt. BTW, if u want to cut loss, dun wait till 2morrow. Q now is a better option. however, u still can make changes on Q b4 0830 2morrow. EU markets suffered 3 digit down. DJ now -237, pessimism is the word. Up the lorry liao. CO only up couple of cts, it could be other reasons for the dip. No distinct report on World Biz in Teletext as well as BT on line latest. |
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Quek4T
Member |
04-Sep-2008 23:27
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look at DOW now. scary. hope V-recovery for tonight. hard to say. | ||||||
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Snappers
Senior |
04-Sep-2008 23:19
Yells: "Buy when there is Fear, Sell when there is Greed" |
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juz cut loss if you can.. there willl still be another day where you can make money.. but frankly, not much of bad news but the indices juz keep falling... haiz.... | ||||||
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Quek4T
Member |
04-Sep-2008 23:15
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tmr must run road. | ||||||
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CWQuah
Master |
04-Sep-2008 22:56
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Sad day for STI. Broke out of consolidation range... to go down. Avoid first. | ||||||
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idesa168
Elite |
04-Sep-2008 22:48
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Be prepare for another big drop in STI tomorrow. DOW is now -220pts. |
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lookcc
Master |
04-Sep-2008 21:48
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good one, "recovered" to MINUS 99 pts. | ||||||
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elisa28
Member |
04-Sep-2008 21:39
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dow recover to - 99 points.
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teeth53
Supreme |
04-Sep-2008 21:22
Yells: "don't learn through life, learn to grow with life " |
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2morro is Friday n usually a profit taking day n ppl's don't like to commit... http://money.cnn.com/2008/09/04/markets/stockswatch/index.htm Stock set for a down day...(My tot say stock it going into a volatile day). Hopefully DOW close positive and STI can look to regional bourses for some bright spot.
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teeth53
Supreme |
04-Sep-2008 18:57
Yells: "don't learn through life, learn to grow with life " |
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The truth is...neber arrive Aaaa...all kena fool...Ya. We R never to be told the real truth.
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soloman
Master |
04-Sep-2008 18:29
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According to chartist 2550 support is strong - from BT |
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aleoleo
Master |
04-Sep-2008 18:10
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"no eye to see" liao.... we never know how deep it will go....... bad market sentiment, all the people keep shorting ...... what to do.... really got to cut loss tomorrow.... will STI have a small rebound tomorrow ? no body knows..... as today just the beginning of the show.... god bless..... 
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AK_Francis
Supreme |
04-Sep-2008 18:03
Yells: "Happy go lucky, cheers." |
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tai wok, 2600 is the next support line liao. Zao Bao said today. Damn long never see such a huge fall in single day loh. Really chialat, for both L n S term traders. |
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teeth53
Supreme |
04-Sep-2008 17:49
Yells: "don't learn through life, learn to grow with life " |
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Bruised...Yes...Ya. Agree fully, for some telling the truth really is hurting...Commodities Bust-up, oil is falling, gold, copper, Sun-prime (Angmo not telling us the truth) more to go and oni we R half way through oni.....500 billion bustup and declare..write down liao oredi...so far those BBs (Big, big Bankers still got some way to go)
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novena_33
Veteran |
04-Sep-2008 17:47
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so bro...what the next support level?
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Snappers
Senior |
04-Sep-2008 16:50
Yells: "Buy when there is Fear, Sell when there is Greed" |
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and when STI surges up to positive territory.. the volume always low (below 1 billion).... when STI slams down to negative territory... like today, the volume above 1 billion...... cannot take the heat... must drink "liang teh".....  to cool down.....
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soloman
Master |
04-Sep-2008 16:45
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Major supports broken Not easy to overcome for next few weeks Penny stocks bruised |
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