Tq, Dan,..I'm afraid I have to agree with AV's opinion that the prices of things are noticeably rising. What worries me even further is tht after the prices of gods have risen, it will not drop back even after everything recovers. WE will be stuck with the inflation that was triggered earlier by other factors on the country, not by demand-pull !

CHaging back my USD/SGD into Ringgit,... would you do so to invest into ASX funds in Msia ?

The reports and the theory that Saudi Araba is feeling the pain now is taking shape. Saudi Arabia has strong influence in OPEC. Now OPEC is ready to talk about getting oil price to a 'proper' level, probably initiated by the Saudis.

I hav confidence that if the Saiudis are wiling to sit down and talk since they have their backs against the wall, the volatility will slow down. IT's always the Saudis stirring=up the mess here in the oil mkts.

Perhaps I'll start to TT my SG dividends to North Americe and start averaging down in my oil counters. Good timing too lar,... since ASX 'does not want' me, .. I'll go to NA

I hav confidence that if the Saiudis are wiling to sit down and talk since they have their backs against the wall, the volatility will slow down. IT's always the Saudis stirring=up the mess here in the oil mkts.

Perhaps I'll start to TT my SG dividends to North Americe and start averaging down in my oil counters. Good timing too lar,... since ASX 'does not want' me, .. I'll go to NA

I hav confidence that if the Saiudis are wiling to sit down and talk since they have their backs against the wall, the volatility will slow down. IT's always the Saudis stirring=up the mess here in the oil mkts.

Perhaps I'll start to TT my SG dividends to North Americe and start averaging down in my oil counters. Good timing too lar,... since ASX 'does not want' me, .. I'll go to NA

My oil ctr has dropped by 80% but it is still paying out its monthly dividends. It has recently purchased another oil asset sold at a reasonably cheap price, hence adding to its bbls/day figure. It still has available bank facility for further acquisitions. I wonder how this ctr of mine will turn out later on.

The final rise can also be interpreted as Wave 5 of an Elliot Wave config, then the next drop is Wave 1 of another Elliot Wave config after the turning point of Wave 5.

If we combine in the fundamentals to the TA, the above 2 Elliot Waves existing 'side-by-side' are more likely !

Bloomberg, ard 2 am, September 18, 2015.

Mike,.. you day-trade, and night-trade,... where do you get all that energy ?

Tq Mike... That's right,.. when you love what you do, you don't feel tired.

The banks are having a liquidity squeeze. They need to earn more now. Low confidence.

I admire you guys - playing day and night !

IT's good that we can sit back and watch the show at times, and go out with the family. Shouldn't be everything abt money in our lives.

Hi Mike,.. howdy,.. why are the Singaporeans accumulating the RM ? Are they thinking that this is a good price to buy the RM and that the RM will strengthen in future ? It is good to know how others are perceiving and thinking about this,....

Tq Mike, Dan And AV... Looks like it's true that the world still has faith in our RM, starting with our neighbouring ctry. But has the RM truly bottomed out ?

Another way to look at it is : things are jittery now.

If the Fed hikes on Sep 17, things will change,... perhaps into a more stable and predictable mkt ?

If no hike, then things will continue to be jittery, as it is now... So, 'no change from now if no hike',... we continue to behave as we are now.

I need to move myself out of all this noise, and position myself to any one of the following eventualities :-

1) Fed hikes on Friday morning.

2) Fed does not hike on Friday morning, but hikes in October.

3) Fed does not hike on Friday morning, nor in October, but hikes around Christmas 2015.

But I have a stable opinion that the hike will only be of 25 bps for the first round. Subsequently, very hard to tell.

Hahhhh,... that's the one,... mkt is forward-looking, and inflation is not in-line,.. so now : you guys think hike or not ???

I thnk 'no hike' too for Friday morning, unless another number comes out that 'supersedes the impact of the inflation number to the Feds', for which I do not think there is any, anymore. It's just another two working days to ann't day....

On the contrary, I would think the knee-jerk reaction from the actual hike is MORE IMPORTANT than whatever data available out there. If we wish to take advantage of this knee-jerk reaction, than we must be prepared for it with our 'warchest' ready.

But of course, the opposite can happen too with a hike.

After the knee-jerk reaction, the mkt will slowly stabilise as the dust settles, and that's when the economic numbers comes into play again.

The actual hike is impt - depending on your view abt WHAT WILL ACTUALLY HAPPEN UPON THE OFFICIAL NEWS OF A HIKE, we should prepare ourselves with our bullets. I don't know how long will the window be available for us to take action before the dust settles fully, but I think we need to be fast.

NO,.. they will not dare to move too much,.. that's for sure !!! They will move up gradually. SO : when they move is actually more impt for us to take advantage of the move.