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ALSI Trades


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#30881 Lekkerry

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Posted 29 August 2013 - 08:28 AM

33900?

 

[edit] Most of this year's gain (if not all) is QE related. SO your target assumes ALSI stabilizes to normal (post QE) levels - hence QE being ended?

 

 

I think we will continue the slide today.

 

I have a target of +- 33900

 

After that, I cant see good support except @ 30000


Edited by Lekkerry, 29 August 2013 - 08:30 AM.

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#30882 voël

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Posted 29 August 2013 - 08:23 AM

What is the sentiment this morning?

 

Bounce back to 38200? or short from the start? 

 

With Gamma's chart last night I think short.


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#30883 Beorn

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Posted 29 August 2013 - 08:12 AM

I think we will continue the slide today.

 

I have a target of +- 33900

 

After that, I cant see good support except @ 30000


Edited by Jakes, 29 August 2013 - 08:15 AM.

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Alsi future

 

I only post my views, not advice


#30884 Wingnut

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Posted 29 August 2013 - 08:02 AM

Looking for a small bounce so I can enter a short for the next couple of days.


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#30885 gamma

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Posted 28 August 2013 - 11:31 PM

Attached File  Aug28.png   113.22KB   16 downloads


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Do not try and bend the market. That's impossible. Instead... only try to realize the truth. Then you'll see, that it is not the market that bends, it is only yourself.

#30886 K~~

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Posted 28 August 2013 - 08:24 PM

I hope not. Theres upward movement, so i entered a long.

Anyone care to tell me if im crazy?

 

Yep, you're crazy. You might get lucky with a scalp tomorrow when she retests the line, but for now we're going down.


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"The Stock Market is never obvious. It is designed to fool most of the people, most of the time." - Jesse Livermore.


#30887 fabes

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Posted 28 August 2013 - 08:03 PM

I hope not. Theres upward movement, so i entered a long.

Anyone care to tell me if im crazy?
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#30888 voël

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Posted 28 August 2013 - 06:24 PM

Do you guys think we will break the 38000 tonight?


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#30889 bear catcher

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Posted 28 August 2013 - 04:29 PM

**** HDB just got back from climbing the Sandton towers. Luckily i closed my long at 38850 , but missed the short entry, only got in at 38420 and now joining Argento ,Jakes and Chubby for a good drop. Will take a long scalp as we go down for the small bounce here and there. Please HDB let me jump from somewhere  not so high as i mentioned before i am allso "CHUBBY"


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IG CASH


#30890 Beorn

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Posted 28 August 2013 - 04:12 PM

Long @ 37900

 

For a bit of a bounce, then I will go short again.


Edited by Jakes, 28 August 2013 - 04:12 PM.

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Alsi future

 

I only post my views, not advice


#30891 HDB

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Posted 28 August 2013 - 04:03 PM

I think we will fall more in next hour irrespective of US markets... Foreigners going to dump us!!

MTN and IMP showing those signs already!!

 

And there she goes...Dow still green!!


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#30892 Argento

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Posted 28 August 2013 - 04:02 PM

And short it is for the long ride down into October!Whoop

A
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#30893 Lekkerry

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Posted 28 August 2013 - 03:50 PM

Jokes (not Jakes, but jokes) aside, don't get too excited about any green candles atm. The below mentioned "support" might jut become resistance now. Me thinks the term is polarity change or the likes?

 

The interim support of +- 382## is being broken now. One little push down and it gives. See the attached 4h view. This support has been at play for many days now.


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#30894 HDB

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Posted 28 August 2013 - 03:50 PM

I think we will fall more in next hour irrespective of US markets... Foreigners going to dump us!!

MTN and IMP showing those signs already!!


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HDB

The mediocre teacher tells.The good teacher explains.The superior teacher demonstrates. The great teacher inspires!!


#30895 gamma

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Posted 28 August 2013 - 03:35 PM

Long or short Gamma?

 

Sorry, was out doing stuff, just got back..

Quite a few of my short orders triggered. 38.5, then 38.25

Gains locked in..

 

Looks to me the trend is bust. Short orders ++ sitting just under 38000..

Unless we see a reversal tomorrow the answer is

SHORT!

 

but that double top in May should provide good support at 37.5


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Do not try and bend the market. That's impossible. Instead... only try to realize the truth. Then you'll see, that it is not the market that bends, it is only yourself.

#30896 K~~

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Posted 28 August 2013 - 03:30 PM

I happen to know who looked at them...  ;)

 

But I'm not telling!


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"The Stock Market is never obvious. It is designed to fool most of the people, most of the time." - Jesse Livermore.


#30897 Beorn

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Posted 28 August 2013 - 03:28 PM

Back in short @ 38030

 

Bulls are getting beaten properly today!


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Alsi future

 

I only post my views, not advice


#30898 K~~

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Posted 28 August 2013 - 03:24 PM

WHAT up with you forum members? Both chubby and I only got 1 download of our chart on this page. You guys not interested in pretty pictures anymore?

 

;)

 

I happen to know who looked at them...  ;)


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"The Stock Market is never obvious. It is designed to fool most of the people, most of the time." - Jesse Livermore.


#30899 Argento

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Posted 28 August 2013 - 03:23 PM

 

Uptrend line since 26th of July has been broken this morning, next line in the sand is 37870 (forexpros), if that breaks then bears are back in full force as it confirms a distribution top with lots of free red jellybeans!

Might get a backtest of the broken trendline though...!?

But remember our markets tend to be stronger in the second half of the year as suppose to the US indexes, keep that in mind, if 37870 do not break then up we go again for a strong September into futures close-out!

The NYSI Summation index has dropped substantially and generated negative divergence while SPX was establishing a new all time high at the beginning of August, but an oversold RSI is approaching the November 2012 and June 2013 readings from where a new buy signal was issued..so US is getting close to a intermediate buy signal..but not yet!

A


Support at 37870 is holding...but just!

A
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#30900 Lekkerry

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Posted 28 August 2013 - 03:09 PM

WHAT up with you forum members? Both chubby and I only got 1 download of our chart on this page. You guys not interested in pretty pictures anymore?

 

;)


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