True.

Bear is more destructive because it hits the bottom faster. But in the long run, Bull is still the Big WINNER. 

Well said.

Strong bull becomes stronger.

Strong bear becomes stronger. 

Market volume yesterday was really really very very low... I can't remember seeing just low volumes before.

This is not a good sign. Retail players and BBs alike are staying away. 

The pros are also in the market to make money. .. 

A bull market to facilitate such intention will only come about when everyone's sentiment is upbeat.

Thus, if the pros expect still some more 'selling on low volume', they too will stay out of the market by dumping first, less they lose money in the 'sustained' fall. The pros know better than to enter at a time when dark clouds are overhanging the world financial scene...

And only the pros (ie. experienced players) know how low a bear market can be...   

Why stay here and miss all the action in forex? ...

Stock market sentiment is very bad now...

168, you are right, jiat lat liao, looking at the sky now, darken loh, heavy downpour is coming.

shit lah, got colleague's birthday bash at Sembawang Country Club later. take taxi also got problem.

Did you touch  both SPC and SIA?

Well said, bro! Bravo! 

For discussion purpose...

Falling from $1 cost to 50c = 50% loss.

To recoup that "50%" loss from 50c (back to $1 cost), 100% gain must be achieved!

Livermore      ( Date: 22-Aug-2008 12:39) Posted: Yeah some financial advisors say invest now and in 3 years the rewards will come. Some of them say do dollar cost averaging. Dollar cost averaging should be done in the right way. Some of the shares out there dropped from $3 last year to now $1.35. If you had done dollar cost averaging from $2 (thinking it is cheap) till now, your losses would be enormous. With a huge loss, then one say wait for 3 years. Does it make sense to have a huge paper loss and be stuck for 3 years? When dollar cost averaging is done worngly, you find yourself in huge losses and with not much bullets. You might use some small bullets to make "kopi money" and rejoice but it does not hide the fact of huge losses. We always calculate our net position not the small gains we make.  If you have huge losses and when market recovers, you would be in the process of recovering your loss but others would be in the process of making profit.   elfinchilde      ( Date: 22-Aug-2008 11:56) Posted: whatever singaporegal said below. if you're willing to sit longterm, then this current dip shouldn't distress you actually. wait for bottom and buy in... at the very least, you know that an index will someday recover (even if it takes years). which august did you mean anyway, last year or this? if it's this year, it isn't such a big loss yet. You should be able to cut at slight loss/no-loss if it rebounds. If it was last august, may as well do an average down at lowest. your supports are at 272 and 242. fyi only, usual caveat applies. no HK market. if i had known, i wouldn't bother waking up so early.

Yeah some financial advisors say invest now and in 3 years the rewards will come. Some of them say do dollar cost averaging. Dollar cost averaging should be done in the right way. Some of the shares out there dropped from $3 last year to now $1.35. If you had done dollar cost averaging from $2 (thinking it is cheap) till now, your losses would be enormous. With a huge loss, then one say wait for 3 years. Does it make sense to have a huge paper loss and be stuck for 3 years? When dollar cost averaging is done worngly, you find yourself in huge losses and with not much bullets. You might use some small bullets to make "kopi money" and rejoice but it does not hide the fact of huge losses. We always calculate our net position not the small gains we make. 

If you have huge losses and when market recovers, you would be in the process of recovering your loss but others would be in the process of making profit.

elfinchilde      ( Date: 22-Aug-2008 11:56) Posted: whatever singaporegal said below. if you're willing to sit longterm, then this current dip shouldn't distress you actually. wait for bottom and buy in... at the very least, you know that an index will someday recover (even if it takes years). which august did you mean anyway, last year or this? if it's this year, it isn't such a big loss yet. You should be able to cut at slight loss/no-loss if it rebounds. If it was last august, may as well do an average down at lowest. your supports are at 272 and 242. fyi only, usual caveat applies. no HK market. if i had known, i wouldn't bother waking up so early.