becareful , STI reaching resistance around 3,200-3,300 region
it still has a downside possibility to 2,600
the coming months (March, April, May.. etc) will be very volatile.. becos it will determine whether uncle sam is heading towards recession... do expect a crazy wild ride.
i got no shares in my portfolio now.. too busy working ! my mind is occupied with projects..
March is coming... becareful and do not let yourself get stuck in the highs..
The best way not to get stuck in the highs is not to buy at all.
The second best way..... intra-day trading.....
90 points down today .......
support level at 2,700? ...
always the Light, .... always.
These analysts' support/resistance levels always change even before the values hit the last support/resistance levels
Investor Jim Rogers says Singapore to lose money on US banks
Wed, Mar 05, 2008
INVESTMENT guru Jim Rogers believes that US bank stocks could fall further and predicts that Singapore's state investors will lose money on their multi-billion dollar investments in Citigroup and Merrill Lynch.
'I'm shorting investment banks on Wall Street,' the long-time commodities bull told reporters on Wednesday at a launch event for ABN AMRO certificates linked to commodities.
'It grieves me to see what Singapore is doing. They are going to lose money,' he added, referring to investments by Government of Singapore Investment Corp and Temasek in Citigroup, Switzerland's UBS and Merrill Lynch.
Mr Rogers, an American who co-founded the Quantum Fund with billionaire George Soros in the 1970s, now lives in Singapore as he wants to raise his four-year-old daughter in an environment where she can learn Mandarin Chinese.
Mr Rogers, who also writes investment books, said Wall Street had to work off 10 years of excesses and predicted that losses linked to risky mortgages will eventually spread to credit card bills, student loans and other debt.
Dow falls under 12,000 as job losses roil Wall St
KLCI just plunged 10%.... triggered a circuit breaker. Trading suspended for an hour.... Scary.
i see possible 2600 in months to come.
Last edited by raincool2005; 12th March 2008 at 09:23 AM.
Wall Street rallies on Fed cash injection.
The Federal Reserve and other central banks said they will pump $200 billion into the financial markets to help ease the strain from the credit crisis.
European markets rallied as well
Tomorrow, Asian markets will rally.
Those who have bought some shares during the bear markets would be relieved.