Friday, November 16, 2007

US market closing for Friday

Choppy....is the key word for the market. At the start it was up nearly 80 but after 45 mins it was way down south in losing by 50....then another moment it was up again showing even better gain as compared to the start....up by 100. By the last afternoon it was way down again.

I thought...SHIT, the same old last hour crash again. This was what happened to the last 2 trading days Wed and Thur in the States. Oh no...not again, luckily at the last 20 mins.....it turned around and head "NORTH". Man....the index was like crazy,
it can be up or down by 5 to 20 points in the up-dates. Just lucky looking at it to show a gain of 66 points for the DOW and 18 points for the Nasdaq.

While the declines vs the advances....still show more counters closing lower than higher. Hahaha....really a "dead mouse" bounce type of rally to me. Cannot say this is a dead cat....as this is smaller and weaker. In fact....the last minute buying is more for covering the earlier "shorts" or squaring trading positions. Still no complaint from me....better than a sharp fall like what happened during Wed and Thur.

For the market here on this coming Monday....look like we too will be having this type of rally at the start followed by a fall but ending the day with a better close.
A mirror finish....just like what happened tonight in the States. The market as a whole is already over-sold....but there is no trigger to turn the market around from present "correction" mode to a "up" mode. Maybe on Tuesday night....when the Feb released the reason for the last rate-cut on 31st Oct...then we may have a better insight to the trading. Still....my personal believe is that next week, the markets all over will be in better shape than this week. Sure...there will be up and down but at the end of the week....can show a gain then to me, it is a good week.

Hahaha....still the same old story of "only time will tell" whether my insight is right or wrong. Since I am fully in the market....would be great for a change if market shows a positive reaction to what happened this week. :)

Luck also not with me.

Yes! my luck was still nok.....missed the 4D Wed for the number 2007 which I bought quite often and normally for 5 big 5 small....pte one. And since I was already losing badly in the stock market, kind of pull back on my 4D punting lor and end-up as a bad move.

Even for the stock market.....the market did recovered a couple of times but in the end I didn't took any opportunity to "sold off or cut gain". If I have do that I will be able to keep my losts to the mininum.

My stocks dealing for this past week - SGX

Like I said on last Saturday that only time can tell....well, after one whole week of wheeling and dealing the facts shown that I kena "screwed". True enough that the market "tanked" for 4 out of the 5 trading days.

Whatever I bought....went "South" the moment I buy the counter. Really a hard week esp with so much "selling" happening around. Just no end in sight for the selling here and in the US Market....even now with all the markets having drop so much, no one can really tell when shall be the end of the selling. That we shall continue
kena "fxxxked" was a big surprise!

At the US markets.....the melt down usually happen towards the last 1 hr of trading and the drop is big too. Then all these will be follow by a drop here.

Followers

Blog Archive

About Me

tO hAVe FuN wiTH mY liFe aND aLsO wAnT mY loVED oNeS tO hAVE tHE SaME tOO. :) bUt iN rEAL LiFe tHaT sHouLd bE sOOn.