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firewood 25-Nov-2010 22:24
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Murphy's law

iPunter ( Date: 25-Nov-2010 21:42) Posted:

This is very true...

For many people,

the market somehow always move the other way

after they have entered... Smiley

elton81 ( Date: 25-Nov-2010 21:10) Posted:

i also feel like shorting 1... but no cfd account.. but if i short.. confirm chiong 1..

market always go against me..

iPunter 25-Nov-2010 21:42
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This is very true...

For many people,

the market somehow always move the other way

after they have entered... Smiley

elton81 ( Date: 25-Nov-2010 21:10) Posted:

i also feel like shorting 1... but no cfd account.. but if i short.. confirm chiong 1..

market always go against me..

icetomato ( Date: 25-Nov-2010 19:58) Posted:

Haha firewood, your caishen do hedging for you on your behalf

icetomato 25-Nov-2010 21:26
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When can short SA?

elton81 ( Date: 25-Nov-2010 21:10) Posted:

i also feel like shorting 1... but no cfd account.. but if i short.. confirm chiong 1..

market always go against me..

icetomato ( Date: 25-Nov-2010 19:58) Posted:

Haha firewood, your caishen do hedging for you on your behalf

firewood 25-Nov-2010 21:23
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Wah lao, i damn stressed now

elton81 25-Nov-2010 21:10
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i also feel like shorting 1... but no cfd account.. but if i short.. confirm chiong 1..

market always go against me..

icetomato ( Date: 25-Nov-2010 19:58) Posted:

Haha firewood, your caishen do hedging for you on your behalf.

firewood ( Date: 25-Nov-2010 19:49) Posted:

Huh!!!!!!!!!!!!!!!!!!!!!!

iPunter 25-Nov-2010 20:20
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Don't be affected by my trading, or anyone's.

You have to make your own decisions.

In this way if you or me lose money,

it is our own own fault...

We are all simply betting on the outcome...

Thus, I certainly can be wrong in my trade... Smiley

icetomato ( Date: 25-Nov-2010 19:58) Posted:

Haha firewood, your caishen do hedging for you on your behalf.

firewood ( Date: 25-Nov-2010 19:49) Posted:

Huh!!!!!!!!!!!!!!!!!!!!!!

firewood 25-Nov-2010 20:15
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icetomato ( Date: 25-Nov-2010 19:58) Posted:

Haha firewood, your caishen do hedging for you on your behalf.

firewood ( Date: 25-Nov-2010 19:49) Posted:

Huh!!!!!!!!!!!!!!!!!!!!!!

icetomato 25-Nov-2010 19:58
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Haha firewood, your caishen do hedging for you on your behalf.

firewood ( Date: 25-Nov-2010 19:49) Posted:

Huh!!!!!!!!!!!!!!!!!!!!!!

iPunter ( Date: 25-Nov-2010 19:43) Posted:

Shorted Gar-Gar @.74.

Will dump (cut) promptly if it rises to .75 Smiley

firewood 25-Nov-2010 19:49
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Huh!!!!!!!!!!!!!!!!!!!!!!

iPunter ( Date: 25-Nov-2010 19:43) Posted:

Shorted Gar-Gar @.74.

Will dump (cut) promptly if it rises to .75 Smiley

iPunter 25-Nov-2010 19:43
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Shorted Gar-Gar @.74.

Will dump (cut) promptly if it rises to .75 Smiley

Noob79 25-Nov-2010 19:13
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damn i didn't buy any of it...but looking good...sure chiong liao...

firewood ( Date: 25-Nov-2010 17:53) Posted:

Yes pleaseeeeeeeeeee.

bladez87 ( Date: 25-Nov-2010 17:20) Posted:

tmr GAR all set to roar even further. the .74 wall almost broken with the massive buy up if i not wrong

firewood 25-Nov-2010 19:10
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Singapore Market

STI follows natural pattern of pullbacks after breaking key
resistance levels and could take another 4-8 weeks to test 3270-
3300 again

Since the market bottomed out in March 2009 at 1455, the STI has
followed a set pattern of temporarily pushing beyond key fibonacci
retracements before falling an average 4-7% or making significant
corrections of which there were only two so far– 9.5% in Jan-Feb and
again 13.8% in Apr-May.

Thus the latest 5.9% drop from post-crash high of 3313.61 on Nov 9 to
3118.62 yesterday, is part of this process of consolidating gains on the
long road to recovery to the all-time 3831 peak.

As the STI enters the final stretch of this journey ie from the 76.4%
mark of 3270 to the finishing line at 3831, it could take up to 2 years to
cover this distance of over 500 points, judging from the 10 months it
took the index to move some 400 points from the 61.8% mark around
2900 at end-2009 to 3314.

There were also the 2 corrections this year to test strong support
around the half way of 2650 making this year’s range of 666 points
between 2648 and 3314 in line with 1996’s movements of 675 points.
The tumultuous years of 2007 to 2009 saw highly volatile swings of 939
points in 2007, 1970 points in 2008 and 1442 last year.

For sure we have seen this year’s low at 2648 and also it is highly likely
the year’s high as well, implying the anticipated year-end rally should
not see a new post-crash peak which however cannot be ruled out.

After all the STI had finished 4 of the past 11 years from 1999 at its
highest levels including last year when it topped 2898 at year-end and
in 2006 when it ended at the year’s high of 2919.

In 2003 and 2004 the index finished near years’ highs making a total of
6 out of 11 years. The new FSSTI never ended any year at its lowest
point. It was only in 2002 after Sept 11, that it finished close to year’s
low.

Chances of the market pushing back to 3250-3300 by year-end are
quite good thanks to the much needed breather in the last 9-10 trading
days.

Had the index pushed itself all the way to cover the full 700-point gap
between 3444 and 2745 by year-end and into early Jan, the risks of a
10-12% correction would be much higher.

The climb towards 3800 should be more gradual just like this year’s rise
from 2900 to 3300 and for sure there will be another few corrections
along the way as the index tests its higher multi-year resistances
starting from 3444-3466 ie 2008 high/2007 close.

Although there is no multi year hurdle from these levels to 3831, there
are quarterly hindrances at 3476, 3560 and 3645-3654. To round them
up, expect more pullbacks and corrections as and when the STI tests
3400, 3500, 3600 and 3700.

That is why we can expect the whole journey which began in March
2009 to take up to another 2 years which is also in line with the track
record of the index hitting new peaks after 5-6 years.

It has been 3 years since the Oct 2007 record of 3831 and following the
trend, this peak is likely to be overcome in 2012 and a new high
breaking the 4000 barrier seen towards end-2012 or early 2013.

Barring the unforeseen like a double dip next year or 2012, we should
see the STI reaching at least 3500-3600 or even 3700. Taking this
year’s 666 trading range as a guide we could see next year’s
movements anywhere around 2900-3000 to 3500-3600.

The 62% mark around 2900 should be a strong anchor provided 2011 is
as relatively smooth sailing as this year (the Euro zone debt crisis in
first half of 2010, China’s current tightening moves and the Korean
skirmishes are relatively mild compared to the sub-prime and the US
led-world recession in 2008 and 2009).

However a test of the half way market around 2650-2700 cannot be
ruled out if there is any major crisis situation sparked by the US.
In that unlikely event, the local market could see next year’s high
capped at 3400-3600 depending when this theoretical crisis erupts.

Depending on the severity of this double-dip scenario which has been
put on the back burner but can suddenly reappear, the STI could take
longer to recover especially if 2650-2700 does not hold up and it moves
further down to 2400-2500, repeating the 2007 near 1000-point swing.

However we are unlikely to see a repeat of the wild gyrations of 1970
points in 2008 and 1443 points last year as such market crashes as
during late 2007 to early 2009 usually occurred once in 10 years –
remember the Oct 1987 crash and the Asian crisis 10 years later in
1997-98.