35854 replies to this topic

[scallywag]

I know that the Flashboys (Michael Lewis) book has been mentioned in here recently - I recently picked up a copy of it, and am finding it riveting, and have subsequently been researching / googling around the topic.

This debate on the role of High Frequency Trading seems to be something which is really heating up  (see http://video.cnbc.co...ideo=3000263252 ) and it appears has sparked Federal interest.

 

My question to the experts here is whether perhaps this debate will be catalytic or instrumental to the technically predicted downside in coming weeks / months?

 

In short, I think this amounts to a threat to the healthy lunch that is being eaten by phantom traders, not individual / retail / institututional investing, as I'm sure most of us believe it should be, and this could lead to a phenomenon of distrust in financial markets, a correction in equities, and flight to the likes of precious metals, property. Confidence to be slowly built back up led by a new era of 'level playing field.

 

THoughts?

 

 

[Zero Hedge]

Hi Archi..That our markets are at an all time high doesn't equate at any level with the market being overbought. If you dont believe me check out the RSI as a rudimentary check. Earnings for large cap stocks was also released meaning that their PE ratios had some scope for upwards movement.

 

US had and extended sideways consolodation level for over a month now so there OBOS also came down signficantly..We had ours reduced from the 7th - 14th march. As long as their is liquidity we go up. Come May/June however Pappa bear comes out of hibernation

Earnings may still go up but I very much doubt whether there is any room for PE multiple expansion...on the contrary a derating is more likely...so bottoms up analysts are looking for +/- 15% earnings growth, assume 8% derating and add 3% dividend yield one can expect 10% from the All share this year...all else being equal

[Playa]

Just out if interest... Those that are currently shorting SA40 long term, what are your stop losses? Thanx

[AJS]

Agree with A.  

 

A 0.3% drop in the ALSI is hardly an indication of a correction. If the past few days are anything to go by it is in fact bullish, the "silly money" is still buying the dips. 

[Argento]

Being a newbie can someone please tell me what is driving the JSE Casino to new highs.Even the experts differ and fundamentals seem to be history.Is the fundamental manual being rewritten?If so,i assume one chapter will deal with Greed.

QE3...free money!If it dries up later this year she will drop!

 

A

[strydomk]

Argento, I agree with you. This drop seems dodgy to me. Saying that, I've got every call wrong this week.

[archibald]

Being a newbie can someone please tell me what is driving the JSE Casino to new highs.Even the experts differ and fundamentals seem to be history.Is the fundamental manual being rewritten?If so,i assume one chapter will deal with Greed.

[Godfather]

Any room left for further downside?

[Argento]

Is this a stop loss spike or the start of a mini correction?

Posted Today, 09:11 AM

"A big impulsive upmove is still missing to put in a short term top...my guess is tomorrow (job figures could be the catalyst)..., so it is possible we may see some weakness this morning with a turnaround later that usually signals such a move coming or just go straight up"!

 

A

Edited by Argento, 03 April 2014 - 12:48 PM.

[Roundtree]

That a boy! 

 

43100, here we come.

[strydomk]

Is this a stop loss spike or the start of a mini correction?

[Roundtree]

Bonzo called it..But I must say Bonzo..I have seen Nuclear fissure material that's less random than some of your posts I find myself racking my brains and rereading some of your posts 20 times

When I first read Bonzo's post I thought it was the pot that had turned my brain into mush. I'm glad I'm not the only one. 

 

Having said that, we need more Bonzo's in this world. Happy days.

[Roundtree]

"The most hated bull market ever," they call it. And I agree; it makes no sense. Where are the buyers because I can't see them on my chart? And if there are no buyers, what's supporting this thing? The professionals are obviously selling us this thing, so when are they covering their positions? It makes no sense. Should I perhaps consider trading individual stocks instead of this house of cards? As I see it, we need to retrace to 43100 (Jun 14) (according to my calcs) but somehow this thing just keeps going up and up! Without a retracement it means there's no entry point for professionals - as they only buy low and sell high - so who is participating in this bull market? 

 

We're being shafted, brothers! It's a trap.

[K~~]

62 pages back

 

62 pages back

You get the blue ribbon for persistence! 

[farouk]

Lastnight Stats from US CBOE total exchange volume and put/call .

The puts have increased by +830,000 last night and that is extreamly bullish.

I am expecting a massive upside on US indexes.

Here is a link for the past stats.

http://www.cboe.com/...use/totalpc.csv

 

 

 

[Argento]

http://www.safehaven...sidential-cycle

 

A

[Argento]

 

for all of us waiting for the big short , just a little more above 44,000++ , anyone would like to argue with this: ?

 

looking at the The TOP40 daily channel wanting to break our 44,000 and then the S&P500  having just broken at 1883 .

Our T40 continues its upward momentum making another new high yesterday. The upper channel line is now close  a sustained break above, happened,  this should see the long term target of 46600 targeted -  but that is what graph suggests!  sounds weird!!

 

To short now is very risky, it cost me dearly in December when I shorted in such an impulsive high momentum upmove, IMO think we're in for a big push tomorrow!

 

I'm just waiting for that reversal candle to show me to take profits!

 

Think 46600 is too high, seasonals will cap her!

 

A

Edited by Argento, 03 April 2014 - 10:53 AM.

[Argento]

The central bank will announce its policy decision at 1:45 p.m. in Frankfurt, and President Mario Draghi holds a press conference 45 minutes later.

Thanks O

 

A

[K~~]

Added to shorts @43800...

[OceanWalz]

for all of us waiting for the big short , just a little more above 44,000++ , anyone would like to argue with this: ?

 

looking at the The TOP40 daily channel wanting to break our 44,000 and then the S&P500  having just broken at 1883 .

Our T40 continues its upward momentum making another new high yesterday. The upper channel line is now close  a sustained break above, happened,  this should see the long term target of 46600 targeted -  but that is what graph suggests!  sounds weird!!