Tuesday, May 6, 2008

Market Sentiments 04: 05 May - 09 May

Sorry for the long awaited post.. Didn't realise there would be people coming to visit haha at the same time wasn't really looking at the market and stocks as well. Has been an agonizing month for April. Market is confused both on the US as well as SG. This week however seemed different on SG. Asian indexes has been going up not alot but seem a little bullish and people are getting slightly positive. However, though it seems it looks like we are on an uptrend i feel it's not time to really fully invest your money yet. Past few days i did enter a long position and today close to breakeven.

I can't give details on why the asian market went up today. SG market loves to follow others because we are not strong enough apparently to be independent. In a way pros and cons, so if you do see an upside in the asian markets SG will likely to follow suit so in a way its like a lagging indicator.

What's going to happen the next few days? I'm not to sure myself. Hopefully it will continue to go up but take note that it would retrace back and up again. If it's an uptrend.

Anyway, side track a lil. I was reading one of Rev Samuel Doctorian book. And there were angels who visited him and told him of things to come. I won't go into much details but one was the US worldly market was going to fall. When I don't know? But the other prophecies has been fulfilled. Skyscrappers fall (9/11), earthquakes, drought, famine, floods... happening now... signs of the return. Amen

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