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u may be rite but this time correction is much more than last time...
Next lesson to learn un Trading.. Fear will always overcome greed in times of Panic.. Thus i bet haevily on it to fall, however looking at the bride side, tomolo will be very profitable for shortist...
i got a sinking feeling that even after the STI open in the reds tomorrow morning, more punters will rush in to push it up again. This happened the same the previous time a few weeks back.
pple here probably believe that what happens in the US doesnt really affect asia that drastically.
wah the DOW dip below my Yahoo Chart....
see also i scared. i was expecting something big dip, but not this big...
maybe 100 + points like in May correction.. if STI may dip 2x wat DOW close today..
today is STI last ejact climax? Now expect a limping STI..
Wow Wee! A new record close for STI at 2,840.94 today .... missing intra-day record high set last week of 2,846.75. Volume trading at 1.3b - not bad.
Didn't expect the 6% rise in US retail sales to have such a big positive effect today. Can't wait to see how US market chiong tonite!
even with today's mini rally, volume of STI is only 790mil done, is it consider at the lower side?
lamb,
as u can see, STI has no character of its own, What happen to DOW, Nikkei and Nasdaq can affect its TA turnout.
Need to see at the end of the day if todays rally really is justified. Tech stocks in play i believe. banking & finance stocks dip quite alot today.
STI break for lunch at 2,831.80 ...... will hold up till closing. Anticipating US market to open strongly tonite after Black Friday's 6% sales increase. That's why tech chiong today!
What a strong rebounce today for STI now .... Let's see if it can hold in the afternoon to closing. Shiok!
STI may be down slightly today. Another case of Monday blues
AP
Black Friday Sales Up 6 Percent From '05
Sunday November 26, 5:19 am ET
By Anne D'Innocenzio, AP Business Writer
AP
Black Friday Sales Up 6 Percent From '05
Sunday November 26, 5:19 am ET
By Anne D'Innocenzio, AP Business Writer
NEW YORK (AP) -- The nation's retailers had a strong start to the holiday shopping season, according to results announced Saturday by a national research group that tracks sales at mall-based stores. One big exception was Wal-Mart Stores Inc., which said it expects to report same-store sales in November below its already lackluster forecast.
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lamb,
u should consider doing a DOW TA to top it out ur STI rally. STI has been rallying due to DOW's rally than due to its own Fundemental changes.
infact DOW will affect Nikkei and Hang SHeng too...
My guess is STI had a - 0.8% correction last Friday due to weak USD .... The electronic slowdown in October will be forgotten next week.
My take is STI will be Flat, if not a Sligh Rebounce 2molo ... All eyes are on US's Black Friday retail figures next week - which should be shiok!
If you guys noticed, our PM, SM, MM and cabinet ministers are all over the globe recently to push for free trades and touting Singapore. To prevent a slower growth for S'pore next year, our government is seeking to attract more foreign investments and expand exports for local biz. But next year won't be that bad since they are hiking GST to 7%.
agree that correction is on the way... here is my view on sti at sti direction
market may dip to 2780... or 2760, there is like 1-2% dip. hold your horses for the moment
the presure would be on over price blue chips and electronic stocks.
primary still trend, correction will take place along the way.
I believe cetain sectors worth holding for longer term. eg property sector pick up will definitely benefit those down the chain, eg construction, products like door, door set, cement,bricks, etc etc... suppliers.
Seems like most veterans and gurus think that next week will be a down week?
Should I sell off my stocks now?
Should I sell off my stocks now?
Wah sian... maybe the October bear become November bear???