*Official* General Market Chit Chat Thread

[Cashflow202]

What is falling wedge???

Sent from LGE LG-D855 using GAGT

 

[yihao93]

Why do u think it will head lower?

The 3 big fears, oil, china, rate hikes
All already priced into current market

If market goes lower, more likely is due to new factors not seen yet ba

Before the hike, mkt was either going sideways of downwards trend, I only see the hike as a temporary upward trend and I believe it's effect will fall short of ppl expectation, then eventually will sell it which leads to price decreasing to levels before the hike, about 2.8-2.9( I think I wasn't clear just now paiseh)
Unless something happens

Tldr ; I think ppl will be disappointed at effect hike has on sg
Above stand is valid for 1 week

 

[Perisher]

The only serious TA guy (after FCS) i have seen here, wonder y TA is so unpopular.

Got a few... Milo, wahkao(ya I know), rayner etc...

 

[ValueInvestor]

What is falling wedge???

Sent from LGE LG-D855 using GAGT

Wedge is the cone like shape u see on the chart

Falling is that its pointing down
Down trend

The narrow tip of the cone must see it come out higher or lower

 

[Sinkie]

Wedge is the cone like shape u see on the chart

Falling is that its pointing down
Down trend

The narrow tip of the cone must see it come out higher or lower

A Falling Wedge looks like an elongated triangle that slopes downwards with the price spiralling lower between two converging trendlines. It is usually found in uptrends as a continuation pattern that slopes agains the prevailing trend. Sometimes, the falling wedge may materialize at the end of a prolonged downtrend where it can act as a reversal pattern. Volume decreases during the formation of the wedge and should expand on the breakout.

 

[ValueInvestor]

A Falling Wedge looks like an elongated triangle that slopes downwards with the price spiralling lower between two converging trendlines. It is usually found in uptrends as a continuation pattern that slopes agains the prevailing trend. Sometimes, the falling wedge may materialize at the end of a prolonged downtrend where it can act as a reversal pattern. Volume decreases during the formation of the wedge and should expand on the breakout.

Hope sti can break pass the current resistance level hahaha

Chiong ah

 

[yihao93]

Anyone knows why bond etf a35 climbing? I tot rate up bond demand decreases one

 

[ValueInvestor]

Anyone knows why bond etf a35 climbing? I tot rate up bond demand decreases one

Look at the bid ask spread
Its so wide

Last done higher than current ask

 

[yihao93]

Look at the bid ask spread
Its so wide

Last done higher than current ask

But why would a higher ask result in higher prices when supply > demand?
Shouldn't it go down cause no one wants to buy the stock yet ( as shown by wide gap)

 

[bencheongcm]

falling wedge spotted in sti

can breakout or not for year end rally?

Sinkie SIC more TA leh. THANK YOU

Last time old thread at EDMW always you and milo SIC TA

 

[The Accountant]

But why would a higher ask result in higher prices when supply > demand?
Shouldn't it go down cause no one wants to buy the stock yet ( as shown by wide gap)

It's NAV has drop to 1.13 something as compared to 1.14 something a few days ago. You are looking at a price 1.15 something which is a premium to NAV. such is the mechanism of an etf.

 

[ValueInvestor]

But why would a higher ask result in higher prices when supply > demand?
Shouldn't it go down cause no one wants to buy the stock yet ( as shown by wide gap)

I dun know what u asking
Anyway just ignore it ba

 

[ValueInvestor]

Sinkie SIC more TA leh. THANK YOU

Last time old thread at EDMW always you and milo SIC TA

If u like TA maybe u all can start a TA thread for stocks
To exhange your TA ideas

 

[tiny]

Hopefully got Christmas rally. Can offload bank stocks for quick kopi money.

 

[ValueInvestor]

Anyone knows why bond etf a35 climbing? I tot rate up bond demand decreases one

U see the current price again

Red liao

Its a illiquid counter la

 

[ValueInvestor]

Hopefully got Christmas rally. Can offload bank stocks for quick kopi money.

Hope 2016 is super bull year hehehe

 

[Franzz]

Noob qn: if my order is partially filled, I end up with odd lots?

 

[Sinkie]

Noob qn: if my order is partially filled, I end up with odd lots?

1000 shares = 1000 odd lot

 

[Asphodeli]

Noob qn: if my order is partially filled, I end up with odd lots?

No. Only if you use the unit shares market on L&T, CIMB or POEMs. By default trading is done on the normal market with board lots. Partial fill for board lots still OK (depending on the purpose of your transaction la, that is. ).

 

[Franzz]

No. Only if you use the unit shares market on L&T, CIMB or POEMs. By default trading is done on the normal market with board lots. Partial fill for board lots still OK (depending on the purpose of your transaction la, that is. ).

Ah I see. Thanks