31 votes
Member
Posted 02 May 2017 - 05:06 PM
I'm simply tired of waiting for this long overdue global market correction...
Dragging on for so long now that I'm sure many have lost interest or faith that it will ever materialise...
Keep drumming the same song... really frustrated with this distribution phase....
I agree, it is really hard to be patient. question is, are you happy with 1000 points on your short or are you wanting 10000. these are 2 very different strategies.
Newbie
Posted 02 May 2017 - 04:26 PM
I agree the wait is killing me! Went short at 46200 and again at 47050 and it went up another 800 points! Once we break 46470 the pain should be over. LOL
Sage
Posted 02 May 2017 - 03:13 PM
Member
Posted 02 May 2017 - 02:55 PM
So are we going to see another 2000 points up! Argggggg!
I just really doubt it. There is absolutely no doubt that a clear market top is now forming. I don't think that this can go much higher than 47500 at all (absolute max 48000). Not shorting from here in, well that be just a missed opportunity....
Little Master
Posted 02 May 2017 - 02:40 PM
So are we going to see another 2000 points up! Argggggg!
Advanced Member
Posted 28 April 2017 - 04:31 PM
one swallow does not make a summer.....
Too true... but I find it interesting that the ZAR is weakening...
Member
Posted 28 April 2017 - 03:01 PM
I just read that Morgan Stanley has opened a short position on the ZAR...
If indeed they have and are not lying...
Does that mean they expect the ZAR to weaken???
one swallow does not make a summer.....
Advanced Member
Posted 28 April 2017 - 02:06 PM
I just read that Morgan Stanley has opened a short position on the ZAR...
If indeed they have and are not lying...
Does that mean they expect the ZAR to weaken???
Member
Posted 28 April 2017 - 01:00 PM
The fireworks to be started 
Sage
Posted 26 April 2017 - 05:40 PM
Advanced Member
Posted 26 April 2017 - 05:29 PM
S+P500 getting its all time high soon...
Perhaps that will be the triple top...
Trump will then doom it!!!
Advanced Member
Posted 26 April 2017 - 03:38 PM
Sorry... more like a second, third or fourth bond... oh but wait they don't have to pay it back.... they can just print more....
Yup. and with that time to ramp up the US market. No need to worry about any of the risks. This time the market can truly only go up.
Sage
Posted 26 April 2017 - 03:28 PM
Sage
Posted 26 April 2017 - 03:13 PM
Advanced Member
Posted 26 April 2017 - 02:39 PM
Mnuchin just vomited some meaningless words. Time to buy
Advanced Member
Posted 26 April 2017 - 02:04 PM
It's the PPI figure. Its increases the change of rate cuts and undermines the carry trade. Not great for bears I will have to admit. Market ignoring Oil but it's starting to signal weakness in the global economy.
Although the 10yr is actually moving higher so perhaps this rand weakness will reverse a bit
Advanced Member
Posted 26 April 2017 - 01:57 PM
Strange to me but ZAR is still weakening...
When is Trump going to speak about TAXES...
Is our market closed tomorrow???
It's the PPI figure. Its increases the change of rate cuts and undermines the carry trade. Not great for bears I will have to admit. Market ignoring Oil but it's starting to signal weakness in the global economy.
Member
Posted 26 April 2017 - 01:16 PM
I still prefer to be short and always have. There's something inherently satisfying about those long, sharp red candles. The psychology of trading is the hardest part!
Refreshing view. I think the macro view is definitely that the world has problems in the long run; debt overhang, big governments, resource scarcity. However in the shorter term ( 3-6 months view), the markets has a life of their own and can be utterly counter trending at times, however in the longer run you can always wheel them in.
