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hummm.... 150 points before pull back ........? or bird flu hit us, this i totally agreed with Newmoon?
so should we contra the STI components today?
Today is 1st day of FEB ..... The FED boosted US market last nite after FOMC statement was released!
Surely a NEW record closing for STI today! :)
Today mkt is in muddy moody mode, more red then green. with a healthy volume of 2,179.2m shares traded. ST Index closd at 3,25.56 pt, -4.7 pt, for the 3rd day, Friday may not be so positive. Just my tot.
| teeth53 | Posted: 30-Jan-2007 20:48 |
Mkt look more red then green. ST Index range bound today, for d 2nd day liao. Closed at 3,130 +1.3pt, Fri may not be so positive, expecting some positive response following coming Monday, jus my tot. |
Bird flu? starting from Shanghai.
No need to panic till STI 3000 broken.
is time for Thai gal.... :p ....opps .... hope Singapore football team will win tonite football game
When in doubt it is time for a tea break or is it time for a tiger?
newmoon, very chium... can u just tell us what the correction will be?
Printing of the US dollar and competitive devaloation of world currencies has led to asset inflation,
Bernanke barks but does nothing to reduce the huge Us deficit.
This situation has never happened before where the reserve currency borrows it's own dollars.
The Japanese yen is sinking due to almost zero interest rate in order to compete with china and India.The nikkei is still down since 1990
For every US dollar printed china can print 8 renminbi and still is relatively stronger as it has a trillion US dollar reserve.
Both countries are locked in a financial embrace
Goldilocks scenario cannot go on forever except in fairy tales
The best guide to the end of this long uptrend is Armstrong's cycle which peaks this month 2007 if you believe in business cycles which are part abd parcel of the capitalist system.
We live in a virtual world and will have to adapt to it or opt out of the system as thailand is doing now-self sufficiency system as it is too tiny to fight the forces of globalization.
Hi Newmoon, I have look at the STI chart it sure seem to be heading for correction, just that not sure when or how much it will happen. should not be too far.
in your opinion how much correction u think it will be 400, 800, 1000points? in other forum i read was 800....
What's wrong with the market today? Up down up down whole morning?
Full moon on 2/02/07
Sell around full moon.
Correction not far away
Exactly...
As usual... :)
seems like everyone is "waiting & waiting" for a correction, but as the stocks got higher & higher, people got panic & restless...
and then FINALLY plunge into the mkt, & found that the big boys are ready to pack & go....
Very few will believe in a market correction due to the reversed "boiled frog" effect when almost everyone was driven into a bull stupor and any telling signs of a correction or downtrending is readily rejected or ignored.
Let's hope for a CNY rally to kick-start the Pig Year shall we??? No doubt retail investors are licking their wounds as pennies like Yongnam, BBR , Sapphire, Jasper are moving backwards rather than forward. There should be 1 good rally coming as the budget can act as the catalyst to push STI further.
Mkt look more red then green. ST Index range bound today, for d 2nd day liao. Closed at 3,130 +1.3pt, Fri may not be so positive, expecting some positive response following coming Monday, jus my tot.
Barton's asia stock charts says that the market could slow down or trend downwards after touching the recent high of 3180
A market correction occurs in abc waves.
If this is a major correction the c wave will be longer than the first wave down(a)
Market seems to be cooling off