kenntona;824237 said:Today month end, futures fixing......
golfgti said:im watching copper technicals now. its sitting just below a long term support trendline from 2009. It must hold this level or else doctor copper is saying the world is more sick than we think.
its known as doctor copper coz it usually leads the global industrial cycles. copper is widely used base metal thats y it leads stocks as companies stock them ahead of expansion phase, vice versa if decline phase. i look at RSI amongst other indicatorskenntona;824473 said:Looks like there is a correlation factor but not sure which is leading which.....
kenntona said:Relative strengths in NOL, Yanlord, Wilmar, Cosco and YZJ. DBS is nice too. Rest are weak.
But this is a 1-2 weeks bounce at best. Shorts will cover, traders will be disillusioned, jump in and then realise that after the short haul, downtrend will continue......
Unless something positive happens in Europe.....
toiletsiao said:"sell in May and go away.." ..
May is done deal......Hopefully June is a better month
ktnpl;825325 said:After the new election in Greece on Sunday 17 June 2012, global markets will plunge on Monday 18 June 2012.
ipoh-horfun;825538 said:u saying your wish-list?
usually sell ahead of news i thot? haha
toiletsiao;824872 said:"sell in May and go away.." ..
May is done deal......Hopefully June is a better month
golfgti;825761 said:crash is obvious, how much & how long is more impt. If it crashes alot & stays down for a long time, meaning no europe LTRO type bailouts & US doesnt QE again, not just stock prices, but the last stronghold property will drop as well....
it may not b as bad as 2008, but its impt to have cash in case it does....
wt_know;825763 said:2008 bank collapse
2012 if country (ie: greece > spain > italy, etc) collapse ... how could it not as bad as 2008?
ktnpl;825557 said:The market is going to capitulate sooner or later not because of investors' wishful thinking but because of unsustainable overspending and imbalances in the world economy. It is definitely going to get very messy. Nobody knows the true ramifications yet and some are hopeful on government intervention to save the day but the fact is the governments today are running out of options. QE is not going to work like in the past and the habit of kicking of the cans down the road will finally come to an end. The music will stop and you do not want to be the last one holding on ...