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Post by oldman on Mar 31, 2014 7:20:39 GMT 7
Candy188, life is just too short to be angry or annoyed over materialistic matters. Yes, there was a minor dent in the bumper of my car. I could have asked for the entire bumper to be changed but when one looks at the other guy, one realises that life is not fair and if every day, we can make life fairer for others, life will have a lot more meaning.
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Post by zuolun on Mar 31, 2014 7:44:26 GMT 7
While waiting at the traffic lights along Serangoon Road at around 5:30pm today, another car rammed into the back of my stationary car. At first I thought that there was something wrong with the car as we had been stationary for over a minute as the red light was still on. We all jerked forward. Only when I saw the car behind so close to mine did I realise that he had banged into the back of my car. When I got out of the car, the other driver came over and was very apologetic. His was an old car and he must have been very worried about the cost of repair to my car. He had his old father sitting beside him and the rest of the family squeezed behind. They all also looked very worried. I then smiled at him and told him not to worry and shook his hands to tell him that we all make mistakes. I don't see any obvious damage to my car or his. In my mind, here is a hard working family man probably taking his family out for a Sunday dinner. He was also quick to admit his mistake and kept apologising. I remembered too when I started out in life and how hard this was. Hence, I told him to take his family out and enjoy themselves as this matter is closed. He looked so surprised when we parted. He asked me for my contact but I declined as I am happy enough to see a happy family enjoying their Sunday out. Candy188, life is just too short to be angry or annoyed over materialistic matters. Yes, there was a minor dent in the bumper of my car. I could have asked for the entire bumper to be changed but when one looks at the other guy, one realises that life is not fair and if every day, we can make life fairer for others, life will have a lot more meaning. "It is more blessed to give than to receive" (Acts 20:35) 《施比受更有福》
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Post by me200 on Apr 8, 2014 8:14:01 GMT 7
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Post by oldman on Apr 9, 2014 4:28:58 GMT 7
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Post by oldman on Apr 10, 2014 7:45:41 GMT 7
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Post by zuolun on Apr 10, 2014 12:30:58 GMT 7
COE has a strong uptrend chart pattern = extremely bullish, long term TP S$200,000. COE's EW showed correction Wave-2 is completed, now upswing and on the way to Wave-3, the strongest impulsive wave. The COE and the HDB resale price Index chart show that both are racing to the top. If the big monkeys sit still on the tree; it won't collapse no matter how strong the wind blows. Curbing urban traffic congestion in Singapore: a comprehensive review — 22 Dec 1997
COEs still inching upwards.... including Cat A COE. At this rate, we are likely to hold on to the title of being the most expensive city to live in!
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Post by oldman on Apr 10, 2014 14:31:30 GMT 7
Zuolun, you cannot be serious! $100K COE will vaporise the dreams of many aspiring car owners..... let alone $200K!
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Post by me200 on Apr 11, 2014 9:26:36 GMT 7
He said long-term $200K. May be 24 years later compounded with the 3% inflation.
Anyway, COE will back down to <$10K when the economy turn south. Just wait...
Zuolun, you cannot be serious! $100K COE will vaporise the dreams of many aspiring car owners..... let alone $200K!
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Post by stockpicker on Apr 11, 2014 9:54:24 GMT 7
If one thinks that COE will be getting more expensive because there is a limited supply, think again in the context of Tokyo.. cars are relatively cheap, around 1 mil Yen (SGD $12,000) for a small car and petrol around 130 Yen (SGD$1.56) per litre in 2010. This is because they made running a car in Japan expensive and troublesome due to the mandatory bi-annual inspections, mandatory insurance, an automobile tax and the hefty fee for a parking space (in large cities). Singapore, on the other hand, make owning a car more expensive at the moment.. soon when the parking etc are more expensive, everyone will rely on public transport and the owning of a car in Singapore will drop. In Hong Kong, owning a car is much less than Singapore.
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Post by zuolun on Apr 11, 2014 11:14:28 GMT 7
Zuolun, you cannot be serious! $100K COE will vaporise the dreams of many aspiring car owners..... let alone $200K! oldman, My view is based on the COE EW chart pattern. The COE chart from 1 Jan 2008 to 1 Jan 2014 showed that COE price had attempted to retest the S$100K mark in Jan 2013, the last peak scored in Sep 1994. Should the COE price hit the resistance at S$100K mark on a 3rd attempt and move up higher (bullish breakout), TP S$200K (1-bagger), est. timeframe in 16 years or by year 2030 when the Singapore population hits 6.9m people. Alternatively, the COE EW chart pattern will be negated should the COE price hit the S$100K mark and break downwards (bearish double top breakout). Rethink Taxes on Motor Vehicles in Singapore — 26 May 2013 The COE EW chart pattern from 2008 to 2014:
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Post by zuolun on Apr 11, 2014 12:21:29 GMT 7
He said long-term $200K. May be 24 years later compounded with the 3% inflation.
Anyway, COE will back down to <$10K when the economy turn south. Just wait... I believe in TA, if the strong resistance at S$100K is retested and taken out with high volume, the uptrend is intact; COE price will shoot up, not down. With the expected increase in the Singapore population to 6.9m people...nothing is impossible. An extremely strong uptrend stock which ends with a sudden collapse is normally due to external factors beyond the control of the strong hands or the "cheng kay".
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Post by oldman on Apr 11, 2014 14:07:00 GMT 7
Just like stocks, the people who can really influence the price are the ones who can affect the demand or supply..... The quota for cars of 1,600cc and below (Category A) is set to 3,034 as compared to 2,151 previously, and quota for cars above 1,600cc (Category B) is set to 2,897 as compared to 2,102 previously.COE quota jumps to 12,060 for May to July of this year - 11 April 2014
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Post by me200 on Apr 11, 2014 16:13:43 GMT 7
Historically, $100K is the super resistant level.
I believe G will step in to "control" the runaway COE or else G will pays for political price.
How? More cooling measure lor...
He said long-term $200K. May be 24 years later compounded with the 3% inflation.
Anyway, COE will back down to <$10K when the economy turn south. Just wait... I believe in TA, if the strong resistance at S$100K is retested and taken out with high volume, the uptrend is intact; COE price will shoot up, not down. With the expected increase in the Singapore population to 6.9m people...nothing is impossible. An extremely strong uptrend stock which ends with a sudden collapse is normally due to external factors beyond the control of the strong hands or the "cheng kay".
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Post by zuolun on Apr 11, 2014 17:44:43 GMT 7
Historically, $100K is the super resistant level.
I believe G will step in to "control" the runaway COE or else G will pays for political price.
How? More cooling measure lor...
The S$100K COE was the last peak, in TA, should a record high hit above the last peak, it's known as a Blue-sky breakout.
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Post by zuolun on Apr 11, 2014 18:34:47 GMT 7
Just like stocks, the people who can really influence the price are the ones who can affect the demand or supply..... The quota for cars of 1,600cc and below (Category A) is set to 3,034 as compared to 2,151 previously, and quota for cars above 1,600cc (Category B) is set to 2,897 as compared to 2,102 previously.COE quota jumps to 12,060 for May to July of this year - 11 April 2014 The car is not just a toy to the rich, it's a status symbol. Just like the OSIM massage chair; my club had purchased 8 pieces all at one go but not many members used them frequently.
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