31 votes
The Artist
Posted 24 March 2014 - 05:26 PM
Sunesis, on 24 Mar 2014 - 3:17 PM, said:
The last time something like this happened, the ALSI dropped 1000 points.
Asia will copy how the US will close. They will pull down the Nikkei, which in turn break ALSI lower
Or we're just going to move up with the others when they recover...!
Resources very oversold (healthy rotation) and their macd's turned up, don't see how the ALSI will just break lower from here!
But time will tell!
A
Edited by Argento, 24 March 2014 - 05:27 PM.
"Never never never give up!"
Advanced Member
Posted 24 March 2014 - 05:26 PM
Roundtree, on 24 Mar 2014 - 2:44 PM, said:
Sell order waiting: 6 x Jun14 ALSI @ 42750. To open a short position. If I get filled I'm leaving it overnight to cover tomorrow @ 42100.
Happy trading.
Moved my order to 42635.
Happy trading!
Sage
Posted 24 March 2014 - 05:17 PM
bear catcher, on 24 Mar 2014 - 2:23 PM, said:
Ok ok i will ask the old question. Why are we up and all markets down?
The last time something like this happened, the ALSI dropped 1000 points.
Asia will copy how the US will close. They will pull down the Nikkei, which in turn break ALSI lower
No profession requires more hard work, intelligence, patience, and mental discipline than..speculation.
Sage
Posted 24 March 2014 - 05:14 PM
Sunesis, on 21 Mar 2014 - 6:30 PM, said:
One of the reasons why i'm short.
This baby will burst soon.
I took at short on Russell 2000 at 1200
Have One short on Dow from 16430
ALSI short 42430 and 42000
People will only see the top while it's too late. I saw the top 2 weeks back.
Closed Dow short for 190pips
Keeping Russell 2000 from 1200
Still short ALSI 42430, planing to add higher
No profession requires more hard work, intelligence, patience, and mental discipline than..speculation.
The Oracle
Posted 24 March 2014 - 05:07 PM
Argento, on 24 Mar 2014 - 3:05 PM, said:
Resources...BIL and AGL beginning to wake up and lots more c'mon!
A
huge arbitrage from friday for those 2 + investec.....that was nearly 200 points
Also Naspers lifted ALSI by +-200 points!!
HDB
The mediocre teacher tells.The good teacher explains.The superior teacher demonstrates. The great teacher inspires!!
The Artist
Posted 24 March 2014 - 05:05 PM
bear catcher, on 24 Mar 2014 - 2:23 PM, said:
Ok ok i will ask the old question. Why are we up and all markets down?
Resources...BIL and AGL beginning to wake up and lots more c'mon!
A
"Never never never give up!"
Sage
Posted 24 March 2014 - 04:59 PM
Because trading the indices is not a linear / methodical approach (PERIOD).
bear catcher, on 24 Mar 2014 - 2:23 PM, said:
Ok ok i will ask the old question. Why are we up and all markets down?
From your perspective, Lekkerry is faceless and to a degree nameless, so any opinions expressed are just that, opinions from someone on the Internet 
Advanced Member
Posted 24 March 2014 - 04:57 PM
bear catcher, on 24 Mar 2014 - 2:23 PM, said:
Ok ok i will ask the old question. Why are we up and all markets down?
Because the amount of pain being dished out by our market is not yet unbearable. Agony for some means a safer trade for the professionals and they will not take part until the pain is significantly higher than what we're currently seeing.
So, expect the same kind of price action. Up we go! Maybe not.
Happy trading!
Advanced Member
Posted 24 March 2014 - 04:44 PM
Sell order waiting: 6 x Jun14 ALSI @ 42750. To open a short position. If I get filled I'm leaving it overnight to cover tomorrow @ 42100.
Happy trading.
Happy trading!
Advanced Member
Posted 24 March 2014 - 04:36 PM
Roundtree, on 24 Mar 2014 - 1:02 PM, said:
Filled! But I don't feel good about this one. There's no pain at these levels. I should have waited for 42750. Anyway, if the market lets me, I'll bail out at 42525.
And out: all 6 @ 42525 (entered at 42585). That wasn't a good trade at all. Like I said I should have waited for a little bit more pain before opening my position. Anyway, 6 x 60 points will keep the wife happy. But that doesn't change the fact that it wasn't a good trade.
Happy days.
Happy trading!
Sage
Posted 24 March 2014 - 04:23 PM
IG CASH
The Oracle
Posted 24 March 2014 - 04:02 PM
Jakes I think its a short squeeze...S & P and Dow not looking healthy!!
HDB
The mediocre teacher tells.The good teacher explains.The superior teacher demonstrates. The great teacher inspires!!
Advanced Member
Posted 24 March 2014 - 03:59 PM
Jakes, on 24 Mar 2014 - 1:50 PM, said:
This is some serious bull action./Short squeeze.
I'm not in front of my terminal, can someone tell me what the volume is like?
1439 (15h30 - 15h45)and 1628 (15h45 - 16h00) contracts. Looks like they are opening short positions. Maybe not.
Happy trading!
Pachycephalosaurus
Posted 24 March 2014 - 03:56 PM
Bull no think just do kemosabe, but bear be a very different animal.
Africa will never be regarded as adult until all of its organisations stop admiring and protecting criminal dictators.
MSM et al presents (sponsored) opinion as fact and seeks to indoctrinate. Journalists without ethics proliferate in a swamp of filthy lucre (BBC inclusive).
In response to decades of racism by fearful minority whites called apartheid there will be an eternity of racism by revengeful majority blacks called all kinds of excuses.
Corruption is not yet compulsory but it may as well be - Aggressive africanization uses the racist Employment Equity Act as a club.
Too many humans are too busy copulating to bother about the irresponsible, unsustainable and progressively catastrophic population explosion.
Whilst humanity prevails so will evil. Evil will survive and thrive through sophisticated indoctrination and other conscience-suppressing disguises.
Desmond Tutu has been praying for the downfall of the ANC since 2011. Clearly he needs some assistance with such a difficult and worthy task..
Cockroaches still lurk on sharechat because it is prime real estate for their con artistry, duping and grand theft.
The Oracle
Posted 24 March 2014 - 03:55 PM
Jakes, on 24 Mar 2014 - 1:50 PM, said:
This is some serious bull action.
I'm not in front of my terminal, can someone tell me what the volume is like?
Open interest increasing to 141865...increased by +- 1000 contracts in last hour
However money flow decreasing with new highs!!
Note: PMI for China, Germany and US all below expectations...
HDB
The mediocre teacher tells.The good teacher explains.The superior teacher demonstrates. The great teacher inspires!!
The Oracle
Posted 24 March 2014 - 03:50 PM
This is some serious bull action./Short squeeze.
I'm not in front of my terminal, can someone tell me what the volume is like?
Edited by Jakes, 24 March 2014 - 03:54 PM.
Alsi future
I only post my views, not advice
Advanced Member
Posted 24 March 2014 - 03:02 PM
Roundtree, on 24 Mar 2014 - 08:38 AM, said:
6 x Jun14 sell orders waiting @ 42585 to open a new short position once again. Happy trading.
Filled! But I don't feel good about this one. There's no pain at these levels. I should have waited for 42750. Anyway, if the market lets me, I'll bail out at 42525.
Happy trading!
The Artist
Posted 24 March 2014 - 02:40 PM
HDB, on 24 Mar 2014 - 11:59 AM, said:
Key is today how Dow and S&P reacts to disappointing figures from China this morning. If it ignores them then definitely new new highs for rest of week!
You can see why she hit her head this morning...once this line is cleared then bombs away! 
A
"Never never never give up!"
The Oracle
Posted 24 March 2014 - 01:59 PM
Argento, on 24 Mar 2014 - 11:56 AM, said:
Hi G,
Long and holding...mr market setting itself up for a possible break upwards with new highs soon...!
Is end of the quarter as well so window dressing will play a big factor!
A
Key is today how Dow and S&P reacts to disappointing figures from China this morning. If it ignores them then definitely new new highs for rest of week!
HDB
The mediocre teacher tells.The good teacher explains.The superior teacher demonstrates. The great teacher inspires!!
The Artist
Posted 24 March 2014 - 01:56 PM
Godfather, on 24 Mar 2014 - 09:58 AM, said:
Anyone long at 42200 on top40 -June (not Cash)?
Hi G,
Long and holding...mr market setting itself up for a possible break upwards with new highs soon...!
Is end of the quarter as well so window dressing will play a big factor!
A
"Never never never give up!"
