PEAKING ..CORRECTION SOON ........ True to our prediction on last post , KepCorp surges ahead to hit $13+ range but due to bonus issue of 1 for 10 on 26 april 2011 - it closes today at $12 which is equal to $13.20 pre-bonus . But expect a correction over next few days to 11.30-40 after one more day of run at most . Genting also hit our target of $2.26 ( see last post ) before plunging to a $2.18 close , expecting a correction to 2.05 ., we maybe get a slight bounce towards earnings date ( 12 may ) .. and a big fall after that to 1.90 .... Market preparing for a dovish Fomc decision tonite which should generate a gap up tomorrow morning open but should go downhill from open as market starts to worry about further tightening from China over coming long weekend..and maybe election jitters as well

True to our  prediction on last post http://sgxswinger.blogspot.com/2011/04/s-rating-agencys-warning-shot-cross-bow.html ,  KepCorp surges ahead to hit $13+ range but due to bonus issue of 1 for 10 on 26 april 2011  - it closes today at $12 which is equal to $13.20 pre-bonus . But expect a correction over next few days to  11.30-40 after one more day of run at most   as market starts to have jitters over  further tightening from China over coming weekend and maybe election jitters as well. 

 Genting also hit our target of  $2.26 ( see last post )  before plunging to a $2.18 close  expecting a correction to 2.05 , maybe get a slight bounce towards earnings date ( 12 may)   ... and a big fall after that  to 1.90   

Credibility-deprived and interest-conflicted S&P Rating Agency's warning shot across the bow of US Treasuries went unheeded and derided as cry-wolf attention-seeking gimmick over long-spilled milk that is still much less stinky than defaulty PIGS bonds, Helicopter Ben not flustered either - cranking up his printing machine to buy even more Treasuries - STi bounces off support at 3108 and surges ahead in anticipation of good earnings , Kepcorp posts good results , prepares to hit $13+ , Junketless & China-VIP-centric Genting Singapore prepares for run to 2.26-2.28

Kepcorp posts good results , prepares to hit  $13+ 

 STi bounces off  support at 3108 and surges ahead in anticipation of good earnings

Junketless & China-VIP-centric Genting Singapore prepares for run to 2.27-2.28

Cosco -- reaction to earlier island reversal amidst correction of STI - Sti should bounce off firm support is 3108 , firmer support at 3050 , Cosco should first bounce at 2.24 , maybe linger for a double top and then plunge to firmer support at 2.16 and final support at 2.00-2.10..after the elections .. cosco may resume fall to 1.80 ...

Sti should bounce off firm support is 3108 ,  firmer support at 3050

Cosco -- reaction to earlier island reversal amidst correction of STI  ..Cosco should first bounce off  at 2.24 , maybe linger for a double top and then plunge to  a firmer support at 2.16 and final support at 2.00-2.10.. then we'll see what happens ..after the elections   .. cosco may resume fall to 1.80 ...

True to prediction earlier on 5 April ( see below ) , STI turns down at 3187 ... target of down move is 3108 which is a 25% correction from recent run since japan tsunami

True to prediction on 5April 2011 earlier -- see below ( http://sgxswinger.blogspot.com/2011/04/sti-meets-heavy-resistance-poised-for.html )   ,  STI turns down at 3187  , i forsee a target of this down move  is 3108  which is a 25% correction from last upmove ,  a deeper 50% correction will bring it down to 3050 which is unlikely given  US Fed Chairman  Bernanke's life long  passion for money printing to prop up the markets and the economy  .. 

STI to meet heavy resistance at 3180-90 , poised for a correction after fierce 3-week bull run since japan tsunami

Technically the STI is due for a correction ( when it hits 3180-90 over next few days )  after a fierce 3-week bull run since bottoming out at 2920 on 18 mar 2011   following the triple whammy (  earthquake / tsunami  / nuclear ) hitting Japan and the uncertainty surrounding UN security council vote on Libya  no-fly zone.