STI 12 Apr. Down?

by **hybrix** » Wed Apr 11, 2007 11:49 pm

At this moment as I am typing, DJ is down more than 0.6%. The jittery markets after the late Feb mini-crash still lingers in many of us while we watch STI stage an amazing run of 200 points in 8 consecutive rising sessions.

Even the strongest bull should get some breather by now. Somehow, it only managed to close a mere 2 points down today. I would expect a greater correction than that to the market soon. Tomorrow is a good chance and excuse to do that. Frankly, I worry for the market if it still goes further up at such a pace. As the wise men always tells us, the higher you go, the harder you fall? :roll:

by **Cen** » Thu Apr 12, 2007 12:42 am

STI closed flat today. I am suspecting DOW will end flat as there's not much market moving news but who knows :lol:

by **Curiosita** » Thu Apr 12, 2007 1:35 am

yes. it will be interesting to see what happens tomorrow.

an interesting observation is that the local market seem to be getting less dependent on the US market. and seems to be getting its lead from the other Asian counter-parts like the hang seng and shanghai indexes.

So if the dow continues to fall, it would be interesting to see if sti follows suit or not.

by **Cen** » Thu Apr 12, 2007 9:52 am

STI is subjected to profit taking from the weaker US market. However, genrally the stocks in the broader market are still ok. Let's see how HSI open!

by **Curiosita** » Thu Apr 12, 2007 10:06 am

weak man.. HSI go down with STI. haha. maybe good time to buy. i just went into HG Metal again

by **hybrix** » Thu Apr 12, 2007 11:37 pm

It's the long awaited Friday the 13th. What is going to happen to STI tomorrow?

DJ is staging a fightback now after losing more than 50 points compared to previous close. As of now it's 10+ points above previous close. And I'm still clueless what is happening and pushing them up.

STI will be interesting tomorrow. Few factors that might affect market sentiments tmr:
1) Friday 13th - Does it really matters? I dunno. But Fridays are typically take profit days for some people, as they are not sure if there will be another aeroplane flying human bombs around. DOWN?
2) Correction today has some blue chips tempting in those cash rich standing by the sideline. UP?
3) DJ ending in green/red today. UP/DOWN?
4) Penny stocks are in play today. With STI down 1.4% today, some blue chips may be picked up tomorrow by bargain hunters. UP?

My take is DJ is going to close flat. likely a little red.
And STI likely to close flat. Likely a little green.

But then again, such shallow analysis is not going to hold any more meaning than a little gamble... :lol:

By the way... anyone can tell me how i can update the topic of the thread? Think it is doable but i not sure how.. :oops:

by **Curiosita** » Thu Apr 12, 2007 11:40 pm

hmm lemme check how to change the subject.. then get back again to ya.

ya. friday is typical day for profit taking. lets keep our fingers crossed man. haha got lots of penny stocks inside the market.

by **Cen** » Fri Apr 13, 2007 2:01 pm

To change the Topic Name just edit your first post :lol:

by **Curiosita** » Fri Apr 13, 2007 10:10 pm

friday 13th passed without anything in the STI. all my small caps never move lay. sianz

by **stock-market** » Thu Aug 20, 2009 12:14 am

investing in stock markets is highly unpredicatble

by **Cen** » Thu Aug 20, 2009 9:09 am

Yeah, especially in today's markets

STI 12 Apr. Down?

STI 12 Apr. Down?

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