New Passion Traders Forum

Feel Free to visit the Passion Traders Forum at http://www.passion-traders.com/yabb2/YaBB.pl

With this New Features implemented, the community will enjoy sharing as GROUP whereby we LEARN, SHARE and ENJOY TOGETHER

Do join us and invite your friends to our forum too....

To register, kindly provide your preferred UserID, Email Address and What are you trading.


.

STI 3,326 immediate target in 1Q 2008

The low for STI is 2,747 beating the last one of 2,962 set on 17 Aug 2007. On 10 Oct 2007, STI reached a new historical high of 3,906. Together with a recent low of 2,747 on 22 Jan 2008, STI could have a rebound to 3,326 (50%) as a promary target within the next few weeks.There is possibility of new low again after the rebound as the looming US recession is threatening slowdown worldwide in 2008.

.

Banks...

Banks have been quite oversold. Though yesterday (17 Jan) Asian markets showed a strong rebound, it was pulled down by US market. Banks should be the one moving whenever STI starts moving up as they are the main component stocks. If the main component stocks not moving, how could the index moved, right? Somehow, they have to move if index is to move.

.

Knee-jerk reaction on Monday (7 Jan)

STI fell only 7 points during the week even though DJI had been down a total of 565 points in the same perioddue to to spectacular recovery of STI and HSI on Friday 4 Jan 2008.. You probably noticed DJI has been weak since 27 Dec, 2007, falling off a total of 566 during the week or 752 points after 26 Dec, 2007. Even STI recovered 41 points and HSI gained 632 points on Friday, DJI still fell 256 points in the day. That showed how weak the US market is and how Asian markets have been struggling to stand on their feet.

On Monday, it is probably a negative opening for all asian markets and is likely to rebound after. Watch for confirmation by Nikkei, KSPI and Auusie.

.

Trading Hours for Christmas Eve & New Year Eve...

The SGX trading hours on Christmas eve (24.12.07) and New Year eve (31.12.07) is from 9.00am to 12.30pm (opening routine from 8.30am to 8.59am, closing routine from 12.30pm to 12.36pm).

.

DJI -294 on 11 Dec after 0.25% rate cut...

It was announced at about 3 am singapore time and the market promptly fell and closed at about 2.5% down. Anyway, the market has been up for 7 sessions out of the last 9 sessions. For those on long, remedial measures are necessary to minimise losses from the fall in Asian markets today.

.