http://www.bigmoney.sg Just another WordPress weblog Thu, 02 Sep 2010 04:16:37 +0000 http://backend.userland.com/rss092 en Genting share has amazing rally over past 4 months by doubling its price. For market capitalisation of around 20b this rally is too fast and the good news mostly have been discounted. Just imagine the company is having 10b more in market cap in the last 4 months. It's just ... http://www.bigmoney.sg/?p=566 US indices have been losing ground over past 4 trading sessions and the chance of technical rebound is highly likely as it's in shortterm technical oversold situation. My target for S&P500 hitting the 1000 mark still valid despite only 50 points away (It has dropped from 1129 to 1051) over past ... http://www.bigmoney.sg/?p=561 September and October are usually bearish months. With the bad economic news recently I don't think, the market will go much higher from this level. The chance of correcting is much higher before we're resuming our bull trend in the last quarter of the year. Attached is my prediction I mentioned since ... http://www.bigmoney.sg/?p=548 In current volatile market I constantly need educate my clients on conflicting signals in the market.  Certain stocks can be very bullish but the bigger indices could be forming bear formation. - Oftentimes I said, indices have hit the top, and I was right. But the certain stocks could still be ... http://www.bigmoney.sg/?p=533 Biosensor rose more than 4 fold from its $0.225 low and the shallow correction in May only reaffirm that this stock is stil on its uptrend. The past 3 months narrow trading range with the shape of uptrending triangular formation signaling ongoing accummulation. The immediate resistance is at $0.83 with shortterm target ... http://www.bigmoney.sg/?p=523 Follow up from bearish rising wedge which I posted last week: Despite gain in some stocks such as Genting and Statschipac as well as strength in Hangseng, they do not picture an improvement of market breath. Potential of further rebound to digest recent loss is very likely but the overall sellers still ... http://www.bigmoney.sg/?p=506 Osim is the most oustanding performer in this bull run. I'm still bullish despite sharp run up in its share price and I believe, we could see the price revisiting $2 in the coming years. As i'm a swing trader prefer to ride short wave of the trend I'm looking for further ... http://www.bigmoney.sg/?p=502 The US market has greatly ignored the worse than expected economic news. It's a lesson to be learned that market is selective in its reaction to the news. It is not the news that maintain the market movement but it is the momentum that keeps market going. However market won't be ... http://www.bigmoney.sg/?p=494 Hangseng is at the top of the channel and pullback is more likely than any further rally. Personally I feel, overall market direction is dictated by Shanghai's movement and this can be seen with my earlier posting http://www.bigmoney.sg/?p=484 So I believe, we'll be entering dull, sideway market in August and potentially deep retracement ... http://www.bigmoney.sg/?p=491 Many indices such as S&P, SSE and STI have hit my price target. I liquidited most position except Hi-P, StatsChipac and Goodpack. http://www.bigmoney.sg/?p=489