STOCK MARKET DISCUSSION V98, Celebrating KLCI breach 13xx point
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 Sep 26 2011, 02:58 PM
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#41
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Staff
25,802 posts Joined: Jan 2003 From: Penang  
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QUOTE(simonc @ Sep 26 2011, 02:56 PM) Follow by minor rebound, then continue to slide to 1300..? My noob guess, unlikely if market rebounded from here.  Tomorrow may be. Panic mode calm down already. |
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Sep 26 2011, 03:09 PM
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#42
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Staff
25,802 posts Joined: Jan 2003 From: Penang
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QUOTE(primepeng @ Sep 26 2011, 03:04 PM) Based on past TA, oversold situation hit a few times during major recession. Agree. 1997/1998 - ten times below RSI 30 2008 - only five times below RSI 30 Today, the market oversold below RSI 30 for the second time. and historical data also shows that minor recession only took you two time oversold to rebound, especially within the ten year non-major recession period. Tip: The faster it drops, the earlier we nibble. boy can't wait.  QUOTE(tchtax @ Sep 26 2011, 03:08 PM) Why is Nymex and Brent disparity so great, guys? Since after the Libya issue, Brent premium is staying like that already. |
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Sep 26 2011, 03:21 PM
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#43
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Staff
25,802 posts Joined: Jan 2003 From: Penang
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QUOTE(mopster @ Sep 26 2011, 03:18 PM) hmm... basically we've a few things to price in... My noob guess is, at current pricing, we could already pricing in at least more than 1/2 already.~EU Debt/Default issue.. ~US stagnant growth, possibility stagflation.. ~Global Recession.. cooling down of BRIC growth... ~M'sia GE13... Assuming we've priced in 1/4... we still have 3/4 to price in...  |
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Sep 26 2011, 03:22 PM
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#44
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Staff
25,802 posts Joined: Jan 2003 From: Penang
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I decided to buy the index, instead individual stock at least for current situation.
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Sep 26 2011, 03:25 PM
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#45
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Staff
25,802 posts Joined: Jan 2003 From: Penang
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QUOTE(gogo2 @ Sep 26 2011, 03:24 PM) FBM KLCI EA? Futures. |
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Sep 26 2011, 03:56 PM
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#46
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Staff
25,802 posts Joined: Jan 2003 From: Penang
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Europe market turn green.
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Sep 26 2011, 04:03 PM
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#47
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Staff
25,802 posts Joined: Jan 2003 From: Penang
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QUOTE(mopster @ Sep 26 2011, 04:00 PM) very likely FF pull out of Asia and go back to buy their own cheap stocks... that could explain why DJ and Dax never go below 10k and 5k despite falling everyday >2% Dj is very strong index, supported by IBM, P&G, Boeing, McD, 3M, Chevron, if they included Apples, even stronger.As DJ is price weighted index, as long as those high price stock hold up, the index will be holding up well. |
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Sep 26 2011, 04:06 PM
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#48
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Staff
25,802 posts Joined: Jan 2003 From: Penang
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QUOTE(gogo2 @ Sep 26 2011, 04:05 PM) KLCI want to follow DJIA. That's why I don't think KLCI will drop until 1000. Coincident KLCI also 30 stocks??   |
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Sep 26 2011, 04:12 PM
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#49
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Staff
25,802 posts Joined: Jan 2003 From: Penang
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QUOTE(fergie1100 @ Sep 26 2011, 04:06 PM) taiko.... anything in mind to shop? I only nibbling index just now. |
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Sep 26 2011, 04:19 PM
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#50
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Staff
25,802 posts Joined: Jan 2003 From: Penang
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QUOTE(soul2soul @ Sep 26 2011, 04:16 PM) sien all the counters I want to buy like maxis and axiata still holding up nicely... Banking/financial stock is always the first and hardest hit whenever economy run into problem. PUblic bank / maybank look cheap.... |
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Sep 26 2011, 04:22 PM
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#51
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Staff
25,802 posts Joined: Jan 2003 From: Penang
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Futures now 1330
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