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69021-69040 of 69565
If the Aust Exch is of any guide. It went down 3.7% in the first few mins. Some 2.5 hrs later it had recovered some losses to 2.3%.
Our SGX went down by a larger 5.4% within the first few mins. Somehow our recovery is quicker too now down 4.1% after 40 mins. Like to think there is some short-selling factor when mkt opened this morning.
For those who decide to hang in there and not liquidate, hold on tight and I think and hope there will be some backtracking of the loses over the past 2 days soon. Good luck.
Cheers ...
This all started by China side and then US. There is something about next week is even more drastic when I called my broker just now. Watch out for next week. It is an opportunity to short, if you dare. Good Luck.
drop of 160 pts = approx 5%, follow DOW. Can't worst than this, if goes further down, stout-hearted can pick up.
Unless you're a shortist, better to wait for the dust to settle.
Market is crazy liao. STI drops 160 pts.
In sympathy with the DOW last night, I think there will be a knee-jerk reaction with the STI's opening drop of about 100 pts (3%) this morning.
The BBs will flee more out of Asian market today after US market crashed last nite!!! Not time to buy in now ........ Genting surely in focus today - what a timing!!!
jackjames...in life we have to think positive always...no one can control the tide of the market.. be it you or me, rite? Anyway, I hope that ppl will not rush in to selling their shares short term and regret later... thanks for your feedback..
clownfish75, you are causing more panics u know... if there is no major bad news, and it drops, u should know what it means.... this kind of drop is even unpredictable~
The way I look at the current market conditions is just a healhty correction. No reason to cause any panic. No war, No crisis and No Major Bad News
DOW down 400 points
what going to happen to China...and singapore..... slippery slop there..... hopfully 3000 can support....
is going to be lots of red today.....
short the market today!
sti will correct till 2800-2900 before any sign of support. or 3000 but it is less strong..
sporeguy.
the last part of the DBSVB call: if fall below 3193, support then is at 3060.
Looking at the large insti sells on quite a few blues, STI likely to go below 3200 tmrw.
hanwudi...i don't do shorting. but yes. it's likely a shortist's market tomorrow. pick your counters wisely tho. highest chance might be with the blues that haven't dropped too much yet, and which posted large institutional sells today. good luck. ;)
Dow down 183 points Nasdaq down 55 points. It may be another day of bloodbath. Short the market???
From elfin's post in the DOW tread :
DBSVB call:support for STI at 3215. If fall below 3193, it negates the rising trend. sorry for posting on dow thread; indices are all linked to me....
Repost for ref : From my earlier post, support is at 21MA of 3200, below this could mean a correction.
3618 is a 12% increase from 3232. So 3618 may end in 2 months time.
3847 is 19% increase from 3232. 3847 may end in 3 months time.
May03, end of previous bear and start of present bull.
1st wave May03 (STI= 1205) to Apr04(STI=1906) Increase =701.
2nd wave Apr04 (STI=1906) to May04(STI=1690), decrease =216.
3rd wave May04 (STI=1690) to May06(STI=2660), increase=970.
4th wave May06(STI=2660) to Jun06(STI=2278), decrease =382.
5th wave Jun06(STI=2278) to ?
1 possibility is 2278+1.618x970=3847 (close to some instituitional estimate of 3900).
Study this : (2-0.618)x701(1st increase)=969 approx = 970 (2nd increase, wah, only 1 pt difference).
Another possibility is 3rd increase =(2-0.618)x970=1340. Thus end of 5th wave could be 2278+1340=3618.
Another red bloodie, dloodie, ploodie day 28-02-2007 (Wed) let see which counters cheongg.. 1st, down lehh not up hohh..!!!
Well noted SgGuy.
My money in holding pattern so looking out for growth stock. Victorian, just curious to know whats on your radar these days?