Straits Times Index   

STI to cross 3000 boosted by long-term investors

i also hope to see STI rise today, just hoping that Nikkei holds up.
Its now up 57 pts

 

hi jack I understand your concern, but I also hope to see what tan888 is expecting..... let me see some rise first so that I can offload some of my holding then slowly it will correct to 2800 level

 

ha ha.. exciting man... you say UP, I said DOWN.. don't know la..

Maybe US should changed their DOW JONES, to UP JONES mah..

 

Potential for the STI to rise today.  NIKKEI is presently up 125 pts and the Yen falls 0.24 against the US$.

 

    Between 26 Feb and today, STI has dropped 337 points or about 32% of the total gain of 1042 points between 15 Jun 06 and 26 Feb 07.



    Using Fibonacci's projection, a crucial support point is at 2920 i.e. 38.2% retracement from the peak. It is believed that a rebounce can happen when that is hit. This afternoon's rebounce from 2931 to close at 2982 could be seen in that perspective.



    Hopefully, the 2920 level can provide a strong enough support to arrest the fall. Once that level is penetrated, we may see STI moving towards 2800 points i.e. the 50% retracement level. 



     Dow seems to stabilise tonight and is making a small gain of 25 points at the point of writing while Nasdaq is flat. Hope US Market will hold up and we at least can see a much needed technical rebounce tomorrow. 

 

 

hmmm by right yes, by left no.. started a new job so have no internet access. told my broker but he is busy trading himself and helping other client cut lost... so i am now happy not entering and shorting the market.. will enter again when market is bottomed..



anyway, just notice dow. STI is not that impt..

 

For those intending to pick up, spread yours buys with with some price difference. It is less risky that way. Some marine stocks offer good value now:)

 

my take is dow may end  minus less than 30, hope i hit it right...my take may appear stupid to almost all reading this.

 

good for you, spurs88, u probably r able 2 control your greed n fear.

 

I wonder whether Cashiertan is also very well during this correction. If I remember correctly, he also mentioned that he made more money during the bear market than the bull market....

 

spurs88

Congrats.

U may have won the battle but not the war.

 

spurs88 Good for you.

 

Wah, thanks to the panic selling, managed to short and buy and also managed to grap somemore of those undervalued stocks I have been eyeing.........have been making incredible money since last week.....in fact more than I made when stocks were rising........

 

STI is now down 140 points ... this drop is even worse than last week's one.

 

 

such is the market; many who entered and chased the markets in last 3 to 6 months would be licking wounds now, and from all walks of life, young or old



falling knifes and all and etc would be the order of the day; easy money can never be made; PRUDENCE must be the order of the day and always so in the financial markets



the signals were there when students and all ... and proclaimed savviness and the guidance they gave suggests a "market top"



are we are nearing the end of the ROUT ...maybe so but the recovery may be long and fundametals and valuations must always prevail as we gear up for the next phase ....



GOOD LUCK and CHEERS

 

 

Bloody is not a good word to describe.. ITS A MASSACRE!!

 

thanks ! it's blood all over asia ?!?!