Post Reply
941-960 of 1084
Banks and property stocks will continue to be chased up these few days .... these are super blue chips which carry huge weight on STI.
STI will strengthen further, but dive on correction this month too. Scary! .... dive to which level??!! Its ascend is too fast and too high suddenly.
My personal opinions- I think there are big boys today shot up the index but without any good news that are known. My guess is there will be a correction very soon. In today Wall Street Journal, there is this article on a Mr. Brorson, a Chicago money manager with $2.3 billion under his supervision. Read about his " a wall or worry" and one might see the picture clearer.
Tomorrow will also be a good day for STI. Fund Managers have started the ball rolling and whovever buy first will get to relax first at year end!
Tommorow sure drop due to profit taking!
I think it'll test the May high, which is also its record high.
Scary!!! .... Closed up 2,600 today!!!!
Seems to be pulling back after the rise in the morning.
What a crazy day! Started up HIGH, mid-day was very LOWand ended up FLAT!
At this point in time, its better to be bull than bear. Cheers!
STI is basically showing a bullish pattern as long as it does not go below 2510.
It has recovered beyond 0.618 level of the May correction. Going ahead, possible resistance may be seen at 2580 level. Thereafter, it should challenge the all time high of 2666 set in May 06.
If it is able to clear that resistance convincingly, we may see it progressing towards 3100. This is a optimistic but plausible target. I derive it from the double formation between 28 Oct 05 and 14 Jun 06. I hope that this prediction will come through.
Today is Friday=Profit taking day.
Wah! Suddenly all red! Why ar?
This is a 'hesitant' rally hence for every 3 steps forward, STI has to take a step back. This is healthy and I foresee STI to be at 2600 soon. See you there!
A second day of profit taking? Pulling back after a good week.
Yah! But not as bad as I thought!
As expected, profit taking now!!
With the steep rise today, tommorow will see some profit taking happening place in the morning. Just a word of caution....
Volume traded today relatively good. Now its 460 million shares.
Share prices closed mixed, with the main index up slightly but with the broad market coming under pressure as sentiment was hurt by some falls in regional bourses and weaker-than-expected August manufacturing data, dealers said. Output for the month grew just 5.5% yoy, compared with a 19.8% rise in July.
In HK, talks of further corruption investigations from the Chinese top brass spooked the market. S-chips (China companies listed here and other penny stocks bore the brunt of the selling.
STI is moving sideways... how to reach 2700pts by year end??