35854 replies to this topic

[Beorn]

Why are we going up in contrast to the rest of the world? We cant say its the exchange rate?
Any idee?

[Shortboy]

Agree completely. He is one of the greats at this trading thing.

[K~~]

I see Chubby's commodity channel index "bikini top" is forming up nicely on the daily chart for those who might want to consider a short opportunity.

 

Sadly, I see that Chubby has left the forum. Great pity.. 

[Shortboy]

Back from Easter Holidays. 

 

Sorry for posting after the fact (irregular internet access), but here's what happened:

 

Closed shorts from 43106, 43600 and 43800 (don't have the will or patience to look for my previous posts) at my preset limit of 42800 - Grand total of 2006 points green!

 

Current action looks to flush the Bears above the prior highs. 

 

I'll slowly start to build my new short position when the short squeeze is over. 

 

This bull doesn't have long to go! (I'm looking out for the S&P to run out of steam at top of channel - 1907). 

 

Argento, I like your target of 39000! Do you still think we are going to that very low target of 33000? That will be like riding the giant wave at Dungeons!

 

Prosperous trading

 

K

I see Chubby's commodity channel index "bikini top" is forming up nicely on the daily chart for those who might want to consider a short opportunity.

[Argento]

Back from Easter Holidays. 

 

Sorry for posting after the fact (irregular internet access), but here's what happened:

 

Closed shorts from 43106, 43600 and 43800 (don't have the will or patience to look for my previous posts) at my preset limit of 42800 - Grand total of 2006 points green!

 

Current action looks to flush the Bears above the prior highs. 

 

I'll slowly start to build my new short position when the short squeeze is over. 

 

This bull doesn't have long to go! (I'm looking out for the S&P to run out of steam at top of channel - 1907). 

 

Argento, I like your target of 39000! Do you still think we are going to that very low target of 33000? That will be like riding the giant wave at Dungeons!

 

Prosperous trading

 

K

Welcome back agent K and well done on those points...!

 

Yip, 33000ish TOP40F is my end target for August or October (think we might see a double bottom..), 39000 is where the lower bollingerband of the weeklies should lie and get a playable bounce but just consolidation for the ultimate move down into the cycles low!2 weeks to go.....

 

A

[K~~]

Back from Easter Holidays. 

 

Sorry for posting after the fact (irregular internet access), but here's what happened:

 

Closed shorts from 43106, 43600 and 43800 (don't have the will or patience to look for my previous posts) at my preset limit of 42800 - Grand total of 2006 points green!

 

Current action looks to flush the Bears above the prior highs. 

 

I'll slowly start to build my new short position when the short squeeze is over. 

 

This bull doesn't have long to go! (I'm looking out for the S&P to run out of steam at top of channel - 1907). 

 

Argento, I like your target of 39000! Do you still think we are going to that very low target of 33000? That will be like riding the giant wave at Dungeons!

 

Prosperous trading

 

K

[bear catcher]

Naspers giving us the lift atm other markets looks flat.Crystal ball showing a slight drop this pm. Will start small short from 43850 and higher

[Beorn]

Seems to me Markets are just waiting for Ukraine situation to get some sort of resolution, if that happens, we will punch a hole in the roof.
IMO

[Beorn]

Seems to me Markets are just waiting for Ukraine situation to get some sort of resolution, if that happens, we will punch a hole in the roof.
IMO

[Argento]

Double bottom target still there, quietly waiting whilst noisy baby bears go broke by shorting too soon...

Well spotted!

 

Keep that 08th May cycle top date on your radar, once that 45100ish is hit first target down into June...39000, but will just be the beginning of the mini bear market coming to pass! 

 

A

[Godfather]

What is happening with the prices?

 

I have 2 platforms and neither is showing any action for any shares this morning

[Vertebrae]

Double bottom target still there, quietly waiting whilst noisy baby bears go broke by shorting too soon...

[delta66]

*IG SA40 cash*

[delta66]

so!...no-one with targets on 4400 short term?

[Shortboy]

<Insert Jingle>

US: Corporate buybacks still driving indices (director-based bonus greed enabled by cheap cost of money).

Short term yields trending upatad .

Dollar index trying for same.

Real economy data still flat-lining.

Fed resting on increasingly faded laurels.  

W(h)ither anon?  

Bring on the competent, selfless captains? But wherefore art these figments.

Rem: Inflation (proportional to) cost of money

<Withdraw Jingle>

I assume you have been hanging out with zooms?

[Vertebrae]

<Insert Jingle>

US: Corporate buybacks still driving indices (director-based bonus greed enabled by cheap cost of money).

Short term yields trending upatad .

Dollar index trying for same.

Real economy data still flat-lining.

Fed resting on increasingly faded laurels.  

W(h)ither anon?  

Bring on the competent, selfless captains? But wherefore art these figments.

Rem: Inflation (proportional to) cost of money

<Withdraw Jingle>

[Shortboy]

Great Stuff BC!

 

There is a top to this ALSI somewhere. S&P is at 25X last 10 years average earnings per share. The median is is about 16X. The S&P500 will probably revert back to that median or mean.

 

I always prefer to be on the short end of things these days especially ALSI40.

 

I was around in 89, 97/98 and 2000. They proved to be HUGE buying opportunities, like March 2009. 

 

In between, there will be retracements and reversals on ALSI40. I decided a long time ago to reduce the size of my bet and increase the points spread that I could handle=a wider range.

 

In order not to lose sleep, I also go for a gap type of game. If it looks like it is going up to me I also insure it by taking an opposite position for the same amount after a 100 points or so. Being able to run with a big range of prices has proved to be reasonably successful, so far, but as I said, I'me still learning about day trades, so positions are very small because of my account size.

 

I reckon I still have at least another 2 years of learning before I will be prepared to up my stake significantly in this business and expect to win realistic sums of money.....consistently.

As for the "long" end of my investment account, that has been converted to cash where possible in the last week or so. Think carefully about your own decisions.  

[Shortboy]

Shortboy strategy working very good wanted to close a nice long trade and go short but instead held onto it for a nice bonus.Now sitting out as my new crystal ball strategy is showing a nice short coming.

Great Stuff BC!

 

There is a top to this ALSI somewhere. S&P is at 25X last 10 years average earnings per share. The median is is about 16X. The S&P500 will probably revert back to that median or mean.

 

I always prefer to be on the short end of things these days especially ALSI40.

 

I was around in 89, 97/98 and 2000. They proved to be HUGE buying opportunities, like March 2009. 

 

In between, there will be retracements and reversals on ALSI40. I decided a long time ago to reduce the size of my bet and increase the points spread that I could handle=a wider range.

 

In order not to lose sleep, I also go for a gap type of game. If it looks like it is going up to me I also insure it by taking an opposite position for the same amount after a 100 points or so. Being able to run with a big range of prices has proved to be reasonably successful, so far, but as I said, I'me still learning about day trades, so positions are very small because of my account size.

 

I reckon I still have at least another 2 years of learning before I will be prepared to up my stake significantly in this business and expect to win realistic sums of money.....consistently.

[bear catcher]

Shortboy strategy working very good wanted to close a nice long trade and go short but instead held onto it for a nice bonus.Now sitting out as my new crystal ball strategy is showing a nice short coming.

[Shortboy]

Has everyone stopped trading or is this thread just pissing everybody off

Not at all. How is your "opposite to what I think" strategy working out?