35854 replies to this topic

[fabes]

Don't see why we have weakness so early in the morning. Thought we might test 400 before moving down.

[cuzin]

The main reason for weakness may be rolling of futures. Once everyone goes to March contract, seasonality kicks in.

Hope you are right . so maybe from Wednesday it will be up up up until the end of the year? 

[fabes]

Last thing...a bearish cross on the dailies is approaching, we know she makes a bounce (in motion) when that happens before the final whack down!

 

Red hanger sale to continue next week (or later today)

 

A

 

 

Fabes, hope you are cashing in with this return move to the 21 weekly, will act as resistance now...trend still down for TOP40 (washout phase) and US (didn't gave a buy signal last night) and trading against the trend can be costly!

 

So the overbought status, cycles and wave 4 down got a reason to have kicked off...tapering!

 

But look at it this way...if they should start to taper (not in December)...$10 billion a month...would that really make such a difference on the Feds balance sheet?!!

 

Mr market has a tendancy to be one step ahead..everybody is waiting for Wednesday (18th), I got Tuesday on my radar for that low...but will see!

A

Yes A, I cashed in on my longs of last night. Kept a small one open to see where will hit before return move down. I thought we might see more green that this, but clearly bears want more action. Will see with London open what happens. Had good profits, so now I'll be patient again looking for entries.'

 

Oh and I'm with you on Tuesday.

Edited by fabes, 13 December 2013 - 09:49 AM.

[Sunesis]

We've yet to hit the sweet spot for Dec seasonality. All of historical gains on avg occur in 2nd half of month

https://pbs.twimg.co...EXORg.png:large

The main reason for weakness may be rolling of futures. Once everyone goes to March contract, seasonality kicks in.

[Sunesis]

We've yet to hit the sweet spot for Dec seasonality. All of historical gains on avg occur in 2nd half of month

https://pbs.twimg.co...EXORg.png:large

[Sunesis]

Fabes, hope you are cashing in with this return move to the 21 weekly, will act as resistance now...trend still down for TOP40 (washout phase) and US (didn't gave a buy signal last night) and trading against the trend can be costly!

 

So the overbought status, cycles and wave 4 down got a reason to have kicked off...tapering!

 

But look at it this way...if they should start to taper (not in December)...$10 billion a month...would that really make such a difference on the Feds balance sheet?!!

 

Mr market has a tendancy to be one step ahead..everybody is waiting for Wednesday (18th), I got Tuesday on my radar for that low...but will see!

A

Big accounts are loading up. 

 

I'm still on crocodile mode.

Down move not over, i might be wrong

[Argento]

Fabes, hope you are cashing in with this return move to the 21 weekly, will act as resistance now...trend still down for TOP40 (washout phase) and US (didn't gave a buy signal last night) and trading against the trend can be costly!

 

So the overbought status, cycles and wave 4 down got a reason to have kicked off...tapering!

 

But look at it this way...if they should start to taper (not in December)...$10 billion a month...would that really make such a difference on the Feds balance sheet?!!

 

Mr market has a tendancy to be one step ahead..everybody is waiting for Wednesday (18th), I got Tuesday on my radar for that low...but will see!

A

Last thing...a bearish cross on the dailies is approaching, we know she makes a bounce (in motion) when that happens before the final whack down!

 

Red hanger sale to continue next week (or later today)

 

A

[Lekkerry]

If your aim is 100 points a day, then today is just another day in the office and this AM was a good start!

 

If you trade the big swings, then concern might be had <my opinion>.

 

FWIW, these big daily moves make it difficult to spot entry / exit signals, as my one indicator (RSI(14)) is continually over or under-bought. Makes me long for the days of the gradual climbs up, up, up and up.

[Beorn]

I agree. As long as we get some upside today. 392 seems good for my longs.

 

I will eat my hat and post a picture of it, if we reach 39200 today.

And then go short with the kitchen sink.

[fabes]

Think this might just be a guest appearance..39200 might mean back down again

I agree. As long as we get some upside today. 392 seems good for my longs.

[Argento]

Today was quite harsh so should see a bounce tomorrow...see US is also recovering!Normally see goes back up to touch the 21 weekly that is about 300 points up before turning down!

 

But the low is not yet in...should make it early next week!

 

A

Fabes, hope you are cashing in with this return move to the 21 weekly, will act as resistance now...trend still down for TOP40 (washout phase) and US (didn't gave a buy signal last night) and trading against the trend can be costly!

 

So the overbought status, cycles and wave 4 down got a reason to have kicked off...tapering!

 

But look at it this way...if they should start to taper (not in December)...$10 billion a month...would that really make such a difference on the Feds balance sheet?!!

 

Mr market has a tendancy to be one step ahead..everybody is waiting for Wednesday (18th), I got Tuesday on my radar for that low...but will see!

A

[Mhlato]

Thinking of shorting... 5min doesn't look convincing.

 

Read this, we are closer to a long entry than a short, be patient

 

This system works best in a trending but volatile trading environment. If the market gets too flat, or too choppy, do not trade. Sit on your hands and wait it out. Take a break. Read a book. Go to the gym. But do not risk your money just because you took time to sit down at your computer. Sometimes trading can be very boring because there is nothing to do but wait for the right conditions. You do not have to look too hard for potentially profitable trades. They should just out at you. If you are searching for trade then you are probably overtrading and losing money. The better thing to do would be to watch and observe the market and let the trades come to you. This patience will payoff with a bigger bank account. 

[Lamarje]

Thinking of shorting... 5min doesn't look convincing.

If it crosses the 20MA I might go in...

[Redeemer]

Most the ALSI40 stocks are in green, but overall, there doesn't seem to be much momentum on the upside.

Probably let's wait for London. Someting is definitely brewing.

 

Thinking of shorting... 5min doesn't look convincing.

[AJS]

Thinking of shorting... 5min doesn't look convincing.

[Beorn]

And the bear continues today

 

Geez S, the guys @ Goldman that gave you that tip must be really hurting now?

[fabes]

The Australian market closed up to at 0.7%

Nikkei closed 0.4% up

 

But i base my trading on US close.

What the market does before US close is not part of my trading plan.

 

For Bulls, best to buy last hour of US close.

 

Those who say no taper, can start buying bargain stocks today.

 

To show the sell off is not all out. Nasdaq did not even sell off much last night.

 

Technology stocks like Apple,Google,Microsoft,Amazon are not budging. Trend is buy technology stocks in an information age world. No wonder Naspers will just continue, only Naspers fits the bill

Commodity indices are suffering

I agree with your view S, but I think everyone will just see Asia being green as a good thing today. US will also close green, but Monday and Tuesday should be bear days.

 

I won't buy in bulk now, just getting some "groceries" for the day. Will buy on late Tuesday or Wednesday when Fed says no taper.

[Lamarje]

And the bear continues today

Man we missed you...where were you...

 

Bearish sentiment all around, we need some bull defiance...

[Sunesis]

Yip, think your assessment is spot on...can't see a sustained bounce until Fed decision (Wed) and futures close-out (Thur).

The Australian market closed up to at 0.7%

Nikkei closed 0.4% up

 

But i base my trading on US close.

What the market does before US close is not part of my trading plan.

 

For Bulls, best to buy last hour of US close.

 

Those who say no taper, can start buying bargain stocks today.

 

To show the sell off is not all out. Nasdaq did not even sell off much last night.

 

Technology stocks like Apple,Google,Microsoft,Amazon are not budging. Trend is buy technology stocks in an information age world. No wonder Naspers will just continue, only Naspers fits the bill

Commodity indices are suffering

[fabes]

Chubby, see that assasin brought some relieve for us bulls. Very reliable guy.