STI - Market Direction 06 (May 10 - Jul 10)

STI - Market Direction 06 (May 10 - Jul 10)

Postby millionairemind » Tue May 04, 2010 10:20 am

Although I don't have any long positions currently, I am surprised by the weakness in the Singapore market today.

I think it was Aspellian who posted about our market weakening a month before World Cup and going into comatose mode the World Cup month.

Wonder if the World Cup syndrome is starting to act out. 8-)
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Re: STI - Market Direction & Strategy 5 (Jan 10 - Apr 10)

Postby iam802 » Tue May 04, 2010 10:34 am

millionairemind wrote:Although I don't have any long positions currently, I am surprised by the weakness in the Singapore market today.

I think it was Aspellian who posted about our market weakening a month before World Cup and going into comatose mode the World Cup month.

Wonder if the World Cup syndrome is starting to act out. 8-)



In other words, funds are pulled out and going into the 'World Cup'
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Re: STI - Market Direction & Strategy 6 (May 10 - Aug 10)

Postby kennynah » Tue May 04, 2010 10:54 am

i'm sure it's more becos singapore opened its 2 casinos and all the traders are there gambling instead....
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Re: STI - Market Direction & Strategy 6 (May 10 - Aug 10)

Postby Poles » Tue May 04, 2010 11:15 am

maybe i am wrong....but I see it as storm before shine.....
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Re: STI - Market Direction & Strategy 6 (May 10 - Aug 10)

Postby kennynah » Tue May 04, 2010 11:27 am

Hi poles:) 400+ posts n foreman n I'm just now seeing your 1st post. Haha

my bad.. But a belated welcome !!
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today is a great example of STI not moving in tandem with last night's US indexes.. We'll do well to remember this : there's never free and easy money in one corner for the picking!!
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Re: STI - Market Direction & Strategy 6 (May 10 - Aug 10)

Postby Aspellian » Tue May 04, 2010 3:15 pm

Which is why market is so interesting! different people have different views/perspectives on exactly the same public news, events etc (not refering to privy insider news).

Good luck Poles - maybe you have the midas touch of buying on weakness (something which winston highlighted since early this year).

World Cup syndrome? I hope there is... market is close to all time high (3000 barrier) and hopefully due for a healthy correction. if really so, a good time to buy probably in Quarter-finals when thereafter only 4 more matches to keep traders away - provided market in uptrend. :lol:

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Re: STI - Market Direction & Strategy 6 (May 10 - Aug 10)

Postby Aspellian » Tue May 04, 2010 3:23 pm

i also surprised by today's weakness in STI. i tot STI always act on US market movements. unless spore traders so smart can all predict that US market tonight will drop 3% on high volume and be thrown into correction mode. :lol:

sitting on sidelines watching - prices are getting slightly attractive - I am tracking Ezion and it actually go down towards 64cents (its previous low in FEB when market was indeed in correction). mouth watering. :lol:

and not surprisingly, lots of penny stocks that went up 30% a day type is actually almost 40-50% down from its recent peak.

anyone buying on dips? out there? cos US market have quite decent announcements recently.

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Re: STI - Market Direction & Strategy 6 (May 10 - Aug 10)

Postby LenaHuat » Tue May 04, 2010 9:56 pm

Looks like the STI is becoming a harbinger of DOW 2nite.
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Re: STI - Market Direction & Strategy 6 (May 10 - Aug 10)

Postby LenaHuat » Tue May 04, 2010 11:08 pm

Poles was Poland :D , Kenny.

maybe i am wrong....but I see it as storm before shine.....

Hi Poles :D how long will the storm be? I have used the analogy of the Great Singapore Sales.
By this mean, easily ard 1 month.
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Re: STI - Market Direction & Strategy 6 (May 10 - Aug 10)

Postby kennynah » Tue May 04, 2010 11:31 pm

thanks L :!: hahaha :lol: :lol: ... now i know how Poles could accumulate 400+ posts and I missed every single one of them until recently...
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