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STI will test new high B4 profit taking again n has been happening afew round this year, certainly will be following S'ghai n Dow, needlessly w/o much effort.
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Woww..today Straits Times published a car fall from 6th fl and d diriver walk out alive lehh. it mean good omen, i see falling from 4th fl, not a problem at all B4 climbing back to d 13th fl. B4 falling again when Greenspan speak, maybe d fall will reachd 10th and not ground fl,expecting for STI to touch anew high B4 going on profit taking on another round, but 1st let this round absorb d profit taking 1st.
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Good investment technique requires one to "buy cheap-cheap" and "sell high-high"...
But in practice most people always do the reverse...
Because it's just human nature to fear buying when the market is falling and people are bearishly frightened that it will drop even more, so they sell instead of buy....
And when the market rises, therey will be bullishly brave and refuse to sell when it is high because they feel it will still go even higher, so they buy instead of sell...
This is why investing is so very tough to master... :)
uncertaintly still rules the market ...everyone is "looking" at china market and we foresee china market correction will occur in 3 stages...looking at this year, there are two likely date for the first stage correction..it can occur at around 21st July or in October 2007...trade with care using the reference date in mind...good luck
See the curve of STI is regaining and making a U turn on channelnewsasia.com, it is gaining strength and moving up, still the reminding half morning will end in red. I maybe wrong, but that is what i see....
just sharing my tot.
It has been dropping, itshould have drop more since the beginning of d last few day. Is not, so renkon drop will be sustainable, which is drop regional bourse will rechange again and make it way to a new high for Dow and also for S'hai but not Nikkei, with those story below....hummm....today will end in red , was also think of SoupRest ipo that start it trading on Monday 28-05-2007, don sound so rite starting on the wrong day and wrong timing....but wh oknow what those vested will do when ipo offer is so small, again believe it can start above water, a chance for those not so BBs to clear their stocks. :))
Business Times 25 Mat, 2007 - China's stock guru bullish about market
Lin Yuan intends to keep every penny invested in equities
China's Warren Buffet says he is keeping every penny invested in a share market that has nearly tripled over the past 18 months."Don't ask me whether the bull run has peaked. The stock market will be in an uptrend in the long run," Lin Yuan, who has become an idol for the millions of Chinese who are pouring into the stock market for the first time this year,
A 44 year old medical college graduate, Mr Lin said he has turned an initial stake of 8000 yuan into assets of well over one billion yuan in the past 18 years.
"My principles are simple : I nearly always invest every penny in the market," he said."To win in the stock market, you must invest everything there for most of the time.". Like Buffett, Mr Lin focuses on a relatively small number of stocks.
Mr Lin began investing in stocks in 1989 as a low ranking museum employee in Shenzen. He weathered 2 big market crashes, giving him the confidence to stay bullish on Chinese stocks even as many foreign financial fugures warn of a dangerous bubble - including Alan Greenspan.
Mr Lin's emphasis is on long term investment rather than the short term speculation.
"Presistant long position holding has made me lose no money in any single stock,"he said.
End of article.
I did mention about the benefits of being a long term investor compared to being a short term trader. I have been a short rader before. My experience has taught me that the gains made by short trader cannot match those of a long term investor presuming both have equal capital. Market sentiment does affect all stocks. But at the end of the day, fundamentals count more than anything
Oil price up, war potential in the Gulf, bubbling in the Shanghai Index, etc. All these are the right recipes for a correction, but hopefully not a crash.
Good sign is that there is no panic selling except during the first few minutes upon opening bell.
waiting to drop more and more...
teeth53, why u said the drop won't be sharp?? in my opinions (judging by the intras..), i think signs of "correction" started yesterday with mabye the "catalyst" kicking in today.. just my thoughts only... you might be rite...
Massacre today !!!
What a day to end the week...
wait til hk open, will see even more red.
A sea of RED day for STI going by regional bourse......As usual the drop will not be sharp.:)).
Today DOW volume is high.. almost 4 billions shares traded on DOW..
issue: is it heavy sell down from top?
And as we wait, the Dow is relentless moving up day after day like a madman. :)
In times of bull, "cooling off" can simply mean shaking out of the bears, while the aggressive bulls position themselves for the next run-up leg.
Another point worthy of note is the size of the "bubble"...
...previous bubble sizes may become small by comparison...
A possible scenario.
Its good that the market is cooling off for a while actually ......
If there are record volumes everyday, I will be very worried because the bubble is getting gbigger and bigger.
Agreed. Index is showing divergence with RSI and MacD as well. May be should just sell and go away for awhile.
Volumes still lower than those 1 month ago. I think the market is cooling off...
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