China's benchmark Shanghai Composite index rose to a new 18-month peak following a choppy morning session. The index has hit 18-month highs in the past six consecutive trading days. Investors brushed off data showing HSBC's China services Purchasing Manager's Index (PMI) weakening from a 17-month high in August.
Real-estate developers rallied after Beijing announced new stimulus measures to boost property demand last week; Vanke and Shanghai Shimao rallied 3 percent each.
Bro Optimus. I highly commend your brave acts in stating your opinion. As you said it, a lot of so-called sifu now hiding but you are still bold in stating your opinion.
Whether you are right or wrong, you have my respect.
Posted by jester > Oct 8, 2014 05:24 PM | Report Abuse
Bro Optimus. I highly commend your brave acts in stating your opinion. As you said it, a lot of so-called sifu now hiding but you are still bold in stating your opinion.
Whether you are right or wrong, you have my respect.
Posted by pang72 > Oct 8, 2014 06:06 PM | Report Abuse
Optimus always talk the real thing...so nobody like but I support him telling truth story ....salute sir
thanks for your compliment bro Pang72.
do u realised when mkt counter small drop everyone shouting buy when ppls most fearful and sell when ppls most greedy. yet we have today, everyone is very fearful. including me. we have 1000 share listed in bursa, and 970 counters drop. on no apparent bad news.
Optimuss & Optimusx8888, We don't really know what will happen in this October 2014. Will there be a crash or just correction? The odds are in favour of a correction say a max 10% correction from all time high of DOW and S&P 500.
The Dow in 64 Octobers since 1950 had been up 38 times(59%) and down 26 times(41%)and October month in USA is a "BEAR KILLER". This year being mid term election year in Nov 4, 2014 October is particularly MORE BULLISH SINCE 1950. In the past 16 mid term elections in USA, the DJI rose 3.4% versus its 64 year average of 0.51% and The S&P rose 3.4% versus its 64 year average of 0.8%.
So based on past statistically significant evidence , October is an advantageous time to BUY ON WEAKNESS as the BEAR WILL BE KILLED in OCTOBER 2014.
Lets look at the facts: USA economic growth is gaining more strength. Oil price is down because the supply exceed the demand due to the significant production of UNCONVENTIONAL OIL & GAS (from Shale)in USA. FED will raise interest rate and the uncertainty is the timing and quantum of interest rate( most likely nominal amount) . Market don't like uncertainty. Europe , China economies are sluggish but Europe, China had already decided to QE. The uncertainty is when will Europe and China QE.
Once these uncertainties are known, the market will likely resume its upward climb.
i cant explain with evidence. however, i view it as a major flush out of weak market participants before mkt embark on another uptrend.
having said that, some stocks that is dying was long overdue, they have been just dragging their feet refusing to enter coffin.
those make up less than 10% of 1000 shares listed, how about another 870 stocks? why they also behave want to go into coffin?
we look into the possible factor, dj? drop 270pts only. not 500 pts. bank negara? no interest hike this month. regional? drop normal, shanghai 18month high.
so u figure out. is this not a good bargain time? or selling time?
Optimusx888, The US FED had been very aggressive in past QEs whereas the ECB under Draghi is reluctant to QE aggressively ala FED QE style. So the market expressed its disappointment.
also, look at Dax index, major support at 9000. it is not broken, 4 times it tested it it rebound immediately to almost 10,000. yesterday dj big hit down may be the works of hedgefund to bring it down prior to FED meet. so as to delay the rate hike which is not in their interest.
optimuss...something make me fearful is klse index only drop few points but 900 counters drop like hell!! It is strange... I am most worrying Ebola has landed US and Spain... Expect said by end-Oct will land to UK....What if Asia-Pacific? It is just time........
Posted by pang72 > Oct 8, 2014 07:09 PM | Report Abuse
optimuss...something make me fearful is klse index only drop few points but 900 counters drop like hell!! It is strange... I am most worrying Ebola has landed US and Spain... Expect said by end-Oct will land to UK....What if Asia-Pacific? It is just time........
bro pang72. yes, it is precisely when ci drop only 5 pts most of the day and we see bloodbath in every single counters.
as for ebola arriving, i think nothing to fear, if they do arrive. we all die. so money or stocks has no meaning anymore. what does a ebola patient want money for?
Further to the announcement dated 6 June 2014, the Board of Directors wishes to announce that submission to prequalify to bid for the Proposed Warisan Merdeka Project made by the Parties is successful and the Parties are invited to participate in the tendering process to construct the tower structure comprising of reinforced raft foundation, concrete core walls and mega columns, inclusive of multi story basement car park and also responsible for management of nominated subcontractors (“Main Contractor Works”) for the Proposed Warisan Merdeka Project located in Kuala Lumpur, Malaysia.
This announcement is dated 8 October 2014.
Monitor Seacera tomorrow for potential limit up play
all sifus come out from batu caves, make prediction, saying mkt bull still intact, bullish tone to continue until year end. expect ci to close above 1900 bla bla bla. while still wearing wet pant.
Only denials and losers claim that they are making money in such bearish market. Otherwise, there would be thousands of millionaire and billionaire here.
There r plenty of millionairs in the country..wake up u rougetrader..dont be a sour grape. If u cant see an opportunity in downtrend i bet u know nothing about stocks n shares. ur just a piece of shit.
satvinder883821 i never call people shit in here. it shows how mediocre the level of education that you had. thus, i can conclude that you are not one of the millionaire.
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Posted by optimuss > 2014-10-08 11:44 | Report Abuse
mkt seems to be capitulated with huge volume sell down and ci broke all important support of 1830, hold your ticket. too late to sell.