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STI to cross 3000 boosted by long-term investors
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WanSiTong
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06-Dec-2013 11:29
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My Market View  The views expressed here by the contributor does not belong to ShareJunction. Daily Market Opinion for 06-Dec-2013 Contributed by Jay Chia 06-Dec Daily Market Opinion for 06-Dec-2013 Around of bloodshed occurred for STI yesterday as market participants continued to be concerned of today?s employment data of US. Many speculated that good results will heighten the most talk about tapering process. With fear looming the market, traders exited the market during the opening which broke 3160 support level immediately. There were attempts to trade back above 3160 level during the day but many made use of the intraday rebound to close their positions. This forced STI drop gradually towards its immediate support level at 3120 which STI tested and held slightly above it during closing. STI ended the day with 36.32pts down and closed at 3124 level with heavy volume. Last night, DJI was down by 68.26pts. Will STI slide further today? How low will STI go?   With the breakdown of the triangle, yesterday?s price action was expected to happen and the expected support at 3120 was being tested. It is clear that STI is now undergoing downtrend movement and this momentum will likely to continue till a good support level is being formed. Short-term indicators clearly indicates that there will be further downside room for STI to move but downside will start to get limited as RSI enters the oversold zone. Stochastic is still a distance away from the oversold zone and hence, STI will still have strength to drop further. Immediate support level stands at 3100 level but a much stronger support level is at 3080 level. STI will likely to attempt to test either of these 2 support levels today.   The banks were not being able to avoid the bearish sentiment yesterday. Ocbc was seen dropping the most yesterday as it failed to hold its support at 10.15 level. Its next support level at 10.00 level will likely to be tested today. Uob broke its MA support lines yesterday and it is now testing its 200ma line at 20.70 level. This will be the last line for defence for Uob as breaking it will result in formation of downtrend. However, based on the indicators, it will be more likely for Uob to break this support level today. Next support that Uob will be testing will be at 20.30 level. Dbs failed to hold as its support of 17.00 yesterday. This will result in further selling pressure towards its MA support at 16.70 levels. Overall, the banks are likely to slide further today.   The properties continued their downside movement yesterday. Capitaland failed to hold its support at 3.00 yesterday and this will lead to continuation of downtrend movement. Next support level that Capitaland will attempt to seek will be at 2.93 level. Citydev failed to hold at its support at 9.90 level yesterday. This results in further downside movement with a target of next support of 9.70. Kepland continues to seek further downside yesterday and it is nearing its support at 3.40 level. This support will be tested today and might be holding Kepland from further selling pressure. Overall, the properties will likely to have more downside room to drop.   The offshores were one of the biggest losers yesterday. Kepcorp broke its 20ma support and even its 11.00 horizontal support level yesterday. The strong gap down action had caused Kepcorp to attempt to slide further and thus, its uptrend formation might be compromised. Its immediate support will be the 50ma line at 10.90 level which might be holding its support today. Sembcorp broke its important support at 5.30 level yesterday and downtrend formation was being confirmed. Further selling pressure is to be expected today which might lead Sembcorp to test 5.20 support level. Sembmar failed to hold at 4.35 level yesterday and even broke its next support at 4.30. Its downtrend formation continued and will likely to hit the next support at 4.25 level today. Overall, the offshores will likely to fall further towards their support levels today.   The commodities continued their bearish actions yesterday. Noble grp broke another support level yesterday and it is testing its next support at 1.00 level. This support level might be holding well as it confluences with the 50 & 200ma line. Olam was also seen breaking support level yesterday. Its strong support at 1.50 level failed to hold and this will lead to further selling to test its next support around 1.45 level. Golden agri also broke its strong support level yesterday. 0.56 level failed to hold Golden agri yesterday and hence, its uptrend formation is now being compromised. It will likely to hover around this level before Golden agri will be able to test its next support at 0.54 level. Overall, the commodities are likely to continue their downside movement today.   In conclusion, STI?s drop yesterday as not surprising and its bearish momentum is likely to continue today. Most of the sectors are still expected to slide further today as most of them had broken their support levels yesterday. Most of the selling pressure will likely to come from the banks and properties sector today.  Hence, STI will not be able to hold onto their support at 3120 level today and next support levels will be tested. Immediate support at 3100 level will likely to be tested today before a stronger support at 3080 level. 3080 might be a good support level for STI to consolidate.   Long traders should have exited the market yesterday and stand aside to wait for support level to form. Shortists might have entered short positions based on breakout strategy and they will likely to hold on their positions till support levels are being tested.   |
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sriramanv
Master |
06-Dec-2013 10:30
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Oh sad... one more reason for STI drop....Again only STI will drop for this..  |
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hlfoo2010
Master |
06-Dec-2013 10:19
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Nelson Mandela, revered statesman and anti-apartheid leader, dies at 95 |
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Octavia
Supreme |
06-Dec-2013 09:35
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Investors continued to adopt a risk-off approach ahead of Friday?s payrolls data, leading US stocks to fall for a fifth day. Both the S& P500 and Dow closed 0.4% lower. The market remains in a perverse state where good economic data is perceived to be bad news because that could accelerate the timeline for the Fed to taper, bringing an end to the easy money conditions that investors have become so accustomed to. | |||||||||||||||||||||||||||||||||||||||||||||||||
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Octavia
Supreme |
06-Dec-2013 09:17
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Expect further weakness ahead for Indonesian exposed counters, as the Rupiah slumps to near its five-year low yesterday against the USD of 12,000, pressured by strong corporate dollar demand. Some analysts expects the rupiah to further extend its downtrend, noting that there is not much positive sentiment for the Rupiah for now, with the 12,150 low of Mar?09 and 12,600 low of 2008, seen as the next levels of support. | |||||||||||||||||||||||||||||||||||||||||||||||||
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BullsAndBear
Veteran |
06-Dec-2013 08:33
Yells: "I come at the turn of the tide " |
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Siao liao, today STI will test 3120 support again.. If break, another blood letting day.. | |||||||||||||||||||||||||||||||||||||||||||||||||
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tanglinboy
Elite |
06-Dec-2013 07:17
Yells: "hello!" |
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Hope the markets stabilise before Christmas | |||||||||||||||||||||||||||||||||||||||||||||||||
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WanSiTong
Supreme |
06-Dec-2013 06:21
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U.S. Stocks Drop a 5th Day as Data Fuel Stimulus Bets  By Nick Taborek & Callie Bost - Dec 6, 2013 5:35 AM   The Dow is on a five-day losing streak. Is this the start of a correction? Click the chart for more market data   U.S. stocks declined a fifth day, sending the Standard & Poor?s 500 Index to a two-week low, after improving economic data boosted bets the Federal Reserve will curb its monthly bond purchases sooner than estimated.   The S& P 500 (SPX) fell 0.4 percent to 1,785.03 at 4 p.m. in New York. The gauge has retreated 1.2 percent in the past five sessions for its longest slump since September. The Dow Jones Industrial Average dropped 68.26 points, or 0.4 percent, to 15,821.51. About 6.1 billion shares changed hands on U.S. exchanges, in-line with the three-month average. ?The numbers today pave the way for the Fed? to cut stimulus, Matthew Kaufler, a portfolio manager at Federated Investors Inc. in Rochester, New York, said by phone. His firm oversees $363.8 billion. ?There?s angst in the short run, but I think it?s only positive in the long run that the Fed begin to taper and extricate itself from being the ultimate market maker.? The S& P 500 has surged 25 percent this year, poised for the biggest annual gain in a decade, as the Fed refrained from reducing its monthly bond purchases and corporate earnings surpassed estimates. The central bank has said it will start slowing the pace of stimulus if the economy improves in line with its forecasts. Economic DataThe U.S. economy expanded in the third quarter at a faster pace than initially reported, led by the biggest increase in inventories since early 1998. Gross domestic product climbed at a 3.6 percent annualized rate, up from an initial estimate of 2.8 percent and the strongest since the first quarter of 2012. A separate report showed applications for U.S. employment benefits decreased to 298,000 in the week ended Nov. 30. The median forecast of 41 economists surveyed by Bloomberg called for an increase to 320,000. The S& P 500 fluctuated yesterday before closing lower by 0.1 percent, as better-than-forecast payroll data that fueled tapering concerns outweighed optimism that lawmakers in Washington were close to a budget deal. Data tomorrow may show the unemployment rate fell to 7.2 percent, matching the lowest level since 2008. Fed DecisionFed Bank of Atlanta President Dennis Lockhart, a backer of record stimulus, said any decision to taper bond purchases should be accompanied by a limit on the size of the program or a timetable for ending it. ?If and when the FOMC arrives at a decision to wind down asset purchases, it?s my view that it will be helpful to the transition process to provide as much certainty as possible about how this will be done,? Lockhart said in a speech today. Policy makers, who next meet Dec. 17-18, will probably wait until the March 18-19 Federal Open Market Committee session before reducing monthly bond purchases to $70 billion from $85 billion, according to the median estimate in Bloomberg?s latest survey of economists conducted on Nov. 8. U.S. budget negotiators plan to work this weekend on a possible deal to ease automatic spending cuts to just one year amid objections from affected groups and lawmakers in both parties, said people familiar with the talks. The bipartisan panel of 29 members has a self-imposed Dec. 13 deadline for a plan. Federal spending authority expires on Jan. 15. VIX RallyThe Chicago Board Options Exchange Volatility Index (VIX), the gauge of S& P 500 options known as the VIX, rose 2.6 percent to 15.08, the highest level in six weeks. The measure has rallied eight straight sessions, matching its record winning streak set in April 2012. All 10 main S& P 500 industries fell today. Phone stocks paced declines with a 1 percent retreat. Verizon Communications Inc. (VZ) slipped 0.9 percent to $48.91. An S& P index of diversified financial firms fell 1.2 percent. Morgan Stanley lost 3 percent to $30.21 and JPMorgan Chase & Co. (JPM) dropped 2.4 percent to $55.82. U.S. regulators plan to vote Dec. 10 to adopt the final version of the Volcker rule, a key part of the Dodd-Frank Act that bans banks from making speculative bets with their own money. Treasury Secretary Jacob Lew left open during a speech today the possibility that he may push for even tougher financial rules. ?Further Action??If, in the future, we need to take further action, we will not hesitate,? Lew said, referring to his effort to end the notion that some financial companies are ?too big to fail.? NEW YORK (CNNMoney) Good economic news put pressure on the stock market again as investors brace for the Federal Reserve to begin dialing down its stimulus.The Dow Jones industrial average and the S& P 500 both ended lower for a fifth consecutive day. The Nasdaq has declined on three of the past four trading days.   The government revised its initial report on third-quarter economic growth to 3.6%, up from the previous estimate of 2.8%. The improvement was largely driven by inventory growth as companies restocked their shelves ahead of the holiday shopping season. And the number of Americans filing first-time claims for unemployment benefits fell more than expected last week, the Labor Department said. Economists said the decline may have been distorted by the Thanksgiving holiday. But the upbeat economic numbers failed to give the market a lift. Many investors believe that good economic news makes it more likely that the Federal Reserve will begin scaling back, or tapering, its monthly bond purchases. The yield on the 10-year Treasury rose to 2.86% after the economic reports were released. Bond yields rise when prices fall. So bond investors are selling Treasuries in anticipation that the Fed may no longer buy as much going forward. The Fed's $85-billion per month bond buying program has helped fuel the bull market since March 2009. But the central bank signaled earlier this year that it hopes to gradually reduce the purchases as the economy recovers. It has said that improvement in the job market could trigger this process. The government's November jobs report is due Friday. Economists surveyed by CNNMoney expect that report to show 183,00 jobs were added last month. Related: Where should you put your money now? But not everyone is convinced the Fed will taper at its next policy meeting -- which wraps up on December 18. Alastair McCaig, market analyst for IG in London, said the holiday shopping season would be " a fragile time of year" for the Fed to pull back on its bond purchases. " Trying to squeeze something in before the end of the year would start a little bit of panic, the tail end of December being just an incredibly important retail period," he said. " It would be a little bit dangerous to do something this year."   European markets edged lower after the European Central Bank and the Bank of England both voted to hold interest rates steady. Asian markets ended mostly lower   |
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WanSiTong
Supreme |
06-Dec-2013 06:13
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World MarketsNorth and South American markets finished mixed as of the most recent closing prices. The Bovespa gained 1.14%, while the S& P 500 led the IPC lower. They fell 0.43% and 0.22% respectively. North and South American Indexes
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teeth53
Supreme |
05-Dec-2013 22:51
Yells: "don't learn through life, learn to grow with life " |
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new6ie
Veteran |
05-Dec-2013 20:37
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Opps.   How come when I changed to 2013, the message got it as 2014?   I made the correction, and still it came up 2014.  My apologies, I meant Mid Dec 2013, STI will reverse the trend from downtrend to uptrend.   Cheers!!! 
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new6ie
Veteran |
05-Dec-2013 19:40
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STI would likely make amends in Mid December 2014, when year end book dressing will push up prices of stocks. If this happens, penny stocks would recover from the collapse we saw in October.   It is hope that by the next 10 trading days, the Singapore stock market will be seen to have some semblance of a stock market, right now it does not seem to be one. Lol..  |
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gufeng88
Veteran |
05-Dec-2013 19:07
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Short sell orders executed on 05 December 2013        
http://www.sgx.com/wps/portal/sgxweb/home/company_disclosure/cdp_buying_info/!ut/p/c5/04_SB8K8xLLM9MSSzPy8xBz9CP0os3gjR0cTDwNnA0sDC3cLA0_XsDBfFzcPQws_E6B8JJK8f6ihuYFnqFOgiVNYqKG3owkB3X4e-bmp-gW5EeUAfAYSFA!!/dl3/d3/L2dBISEvZ0FBIS9nQSEh/ |
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Peter_Pan
Supreme |
05-Dec-2013 18:24
Yells: "kopi-o siu dai mai hum!" |
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yummygdgd
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olehze
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05-Dec-2013 17:58
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any sifu wanna advice for month of dec STI? |
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WanSiTong
Supreme |
05-Dec-2013 16:46
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My Market View  The views expressed here by the contributor does not belong to ShareJunction. Daily Market Opinion for 05-Dec-2013 Contributed by Jay Chia 05-Dec Daily Market Opinion for 05-Dec-2013 Bloodshed was seen in the market yesterday as the support at 3180 fails to hold on. STI started the day with attempts to hold above 3180 level while it manages to rebound during the first hour of the day. As it hit a high of 3187 level, sellers started to enter the market which forces STI back to its opening level. Further selling pressure was then triggered when 3180 support level breaks. A low of 3151 level was hit as selling frenzy started. Before closing, STI managed to recover slightly and end its day at 3160 level. For the day, STI shed 26.97pts. Last night, DJI continued its losing streak by ending 24.85pts down. Can STI regain back its lost grounds today? Or will STI break its support at 3160 level and head lower today?   Yesterday?s price action had made a decisive action for STI?s symmetrical triangle. The triangle was broken by yesterday?s price action as the support at 3180 fails to hold. This indicates a breakdown of the triangle and downtrend will likely to form. 3160 support was being tested yesterday and it managed to hold. However, with the bearish indication from the short-term indicators, STI will likely to suffer further selling pressure and thus, breaking 3160 support level. With 3160 likely to break, it also means that STI is confirming its downtrend formation and will likely to lead STI to fall further towards its next support at 3120 level.   The banks were suffering selling pressure yesterday. Ocbc got the biggest hit yesterday as it failed to hold at its strong support of 10.35 level. Breaking of this support indicates that Ocbc will be forming downtrend and its next support will be at 10.15 level. Uob also failed to hold at its support level of 21.00 yesterday. This selling pressure caused Uob to test its recent low at 20.83 level and it might be threaten to be broken today. If the recent low fails to hold, Uob will be testing 20.70 support level. Dbs was the only one that held its support firmly yesterday. The support at 17.00 level held well and it might continue to hold Dbs today. However, if it fails to hold, Dbs will be retracing further towards its 50ma line at 16.75 level. Overall, further bearishness might start to set into the banks.   The properties also faced selling pressure yesterday. Capitaland failed to break above its 20ma line and it is retracing right now. 3.00 support level was being tested again and Capitaland will likely to continue to test this support level today. Citydev tested at its recent low?s support at 9.90 level. It will likely to break this support level today as the indicators were triggering bearish signals. Hence, Citydev will be heading towards its next support at 9.70 level today. Kepland was the only one that broke its support level yesterday. 3.50 support was broken and this will lead to further selling pressure. Next support that Kepland will seek will be its weekly low at 3.43 level. Overall, the properties will likely to suffer further selling pressure today as their underlying trend is downtrend.   The offshores were not spared from selling pressure yesterday. Kepcorp faced strong selling pressure yesterday which caused it to break its support at 11.20 level. Its 20ma support line at 11.10 was being tested and holding well. Kepcorp will likely to consolidate at 11.10 level before attempting to continue its uptrend. Sembcorp failed to hold its support at 5.38 level and tested its 20ma line at 5.34 level. Bearish signal was being shown in its indicators and this might lead to further selling pressure in Sembcorp today. Next support at 5.30 level will likely to be tested today and this might end its attempt to form an uptrend movement. Sembmar had diligently retraced back to its support at 4.35 and held well there. Its candle formed long lower shadow which penetrates the support at 4.35. This long lower shadow indicates that the support at 4.35 is strong and will likely to hold Sembmar today. Overall, the offshores are likely to continue to show bearishness today.   The commodities were not spared from selling pressure yesterday. Noble grp was seen breaking its strong support at 1.07 level yesterday and it is now attempting to break its uptrend formation. Its last line of defence is at its 50ma line which is now trending at 1.02 level. If this support breaks, it will indicate a reversal in trend to downtrend. Indoagri was forced to break down from its tight range and its support at 0.90 level was being tested. 20ma line was broken and this might be a first indication that its uptrend is no longer intact. If Indoagri break 0.90 support level, it will be heading towards its 50ma line at 0.87 level. Wilmar is now back to test its support at 3.50 level. This support at 3.50 level is an important support level as failure to hold it might increase the odds of trend reversal. Next support at 3.42 will be an important support level to maintain its uptrend formation. Overall, the commodities are running the risk of breaking their support levels.   In conclusion, STI?s drop yesterday was a broadbased one and this might lead to further selling pressure. Breaking of 3180 support level was the triggering point to cause sellers to exit the market. Most of the sectors are likely to continue to face further selling pressure today as some of them broke their support levels. Despite STI closing at 3160 support level yesterday, this support level is expected to break today and thus, creating further selling pressure. Next support for STI will be at 3120 level and it will likely to be tested soon.   Long traders need to exit the market if their stop loss level is being breached. Shortists can either adopt breakout strategy or wait till a good rebound is being achieve to enter short positions.   |
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WanSiTong
Supreme |
05-Dec-2013 16:42
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WanSiTong
Supreme |
05-Dec-2013 15:43
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Smallcap-pedia - 2014 ideas Written By Stock Fanatic on Thursday, December 5
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Veteran
Yells: "I come at the turn of the tide "
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| WanSiTong ( Date: 05-Dec-2013 12:49) Posted: |
Master
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〔 編 譯 管 淑 平 / 綜 合 報 導 〕 奈 及 利 亞 廚 師 歐 肯 因 他 工 作 的 拖 船 在 大 西 洋 沉 沒 受 困 30公 尺 深 的 海 中 , 靠 著 翻 覆 船 身 與 海 水 之 間 形 成 的 小 空 隙 , 撐 了 60小 時 後 被 潛 水 員 發 現 , 奇 蹟 倖 存 。
伸 手 求 援 嚇 壞 潛 水 員
歐 肯 奇 蹟 生 還 的 影 片 最 近 曝 光 , 影 片 顯 示 , 搜 救 潛 水 員 5月 28日 在 這 艘 沉 船 殘 骸 打 撈 遺 體 時 , 混 濁 的 水 中 突 然 出 現 一 隻 手 , 潛 水 員 去 抓 這 隻 手 , 這 隻 手 也 抓 住 他 的 手 , 負 責 搜 救 工 作 的 沃 克 3日 在 電 話 訪 問 中 說 , 當 時 潛 水 員 和 透 過 監 視 螢 幕 看 到 這 一 幕 的 控 制 室 人 員 , 「 大 家 都 嚇 壞 了 」 。
躲 在 船 艙 間 狹 小 空 隙
之 後 潛 水 員 發 現 有 生 還 者 , 大 喊 「 他 還 活 著 ! 」 畫 面 上 歐 肯 僅 穿 著 內 褲 困 在 翻 覆 船 艙 與 海 水 之 間 的 一 處 狹 小 空 隙 , 胸 部 以 下 泡 在 冰 冷 的 海 水 中 , 搜 救 隊 趕 緊 安 撫 歐 肯 , 並 給 他 氧 氣 罩 、 潛 水 衣 , 然 後 帶 他 上 岸 。
29歲 的 歐 肯 在 「 傑 斯 肯 四 號 」 拖 船 上 擔 任 廚 師 , 這 艘 拖 船 5月 26日 清 晨 4時 50分 在 奈 及 利 亞 海 岸 外 32公 里 處 的 大 西 洋 翻 覆 , 外 界 以 為 船 上 12人 全 數 罹 難 , 潛 水 員 潛 入 沉 船 現 場 是 為 了 打 撈 遺 體 , 在 發 現 歐 肯 前 , 已 經 找 到 4具 罹 難 者 遺 體 。
僅 靠 一 瓶 可 樂 維 生
歐
肯 受 困 約 60小 時 期 間 , 靠 著 一 瓶 可 樂 維 生 。 隨 著 海 水 緩 慢 上 升 , 溫 度 也 一 度 降 到 冰 點 , 歐 肯 開 始 誦 念 事 故 前 一 晚 妻 子 簡 訊 傳 給 他 的 詩 篇 經 文 並 禱 告 。 在 他 真 的 覺 得
就 要 死 的 時 候 , 聽 到 外 面 傳 來 船 隻 引 擎 和 下 錨 聲 , 他 擔 心 船 身 體 積 大 , 潛 水 員 找 不 到 他 , 就 盡 量 主 動 引 起 注 意 。 由 於 歐 肯 身 處 空 間 的 空 氣 有 限 , 水 也 逐 漸 上 升 , 若 潛
水 員 再 晚 一 點 發 現 他 , 恐 怕 大 劫 難 逃 。
歐 肯 獲 救 後 又 在 減 壓 室 待 了 60小 時 , 讓 身 體 逐 漸 適 應 正 常 氣 壓 。 歐 肯 是 這 起 船 難 中 唯 一 的 倖 存 者 , 他 認 為 , 他 能 獲 救 是 上 帝 救 贖 象 徵 。



  


